TotalEnergies and Houston, Texas-based energy exploration and production company Talos Energy announced today the acquisition by TotalEnergies of Talos’ carbon capture and storage (CCS) business, Talos Low Carbon Solutions, for a total transaction value of $148 million. TotalEnergies has set a climate goal to achieve net zero emissions by 2050, and the company said that its focus is first to…

Global wealth and asset manager Lombard Odier Investment Managers (LOIM) announced today the appointment of Mona Shah as Senior Sustainability Strategist. The new hire follows LOIM’s launch last year of holistiQ Investment Partners, a new sustainable investing platform within LOIM, aimed at capturing sustainable transition investment opportunities, with a focus on the transformation of key economic systems such as energy, land…

Cloud-focused infrastructure and software provider Oracle announced the launch of Oracle Cloud EPM for Sustainability, a new solution aimed at helping organizations to measure, manage and track sustainability initiatives, and to comply with new sustainability-related reporting standards. According to Oracle, the launch of the new solution comes to help organizations address the need to manage environmental data typically sourced from…

Deutsche Bank announced an update to its Long-Term Incentive plan for Management Board members, the most senior executives in the company, with a portion of compensation for the group linked for the first time to the decarbonization of the bank’s corporate loan portfolio, beginning in 2024. The change to Deutsche Bank’s incentive plan was announced alongside the release of the…

Alternative asset and private equity investor KKR announced that it will launch a takeover offer to acquire German renewable energy platform Encavis in a transaction valuing the equity of the company at €2.8 billion (USD$3 billion), in a move aimed at supporting the growth and development of Encavis’ project pipeline to benefit from opportunities driven by national and international clean…