This month’s Policy Digest covers both triumphs and setbacks in the shaping of sustainability reporting standards and regulations. We start with the positive – the International Sustainability Standards Board (ISSB) standards continue to be adopted by countries across the globe. On the back of this policy momentum, the ISSB has released a jurisdictional adoption guide for countries, acknowledging the specificity…
Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel
Introduces new target, but eliminates 2035 goal due to energy transition “uncertainty” Energy giant Shell announced today the release of “Energy Transition Strategy 2024,” the first update to its “Powering Progress” strategy, launched in 2021, outlining the company’s climate transition roadmap and goals. The updated strategy includes Shell’s first interim target to reduce emissions from the use of its oil…
AT&T Signs Carbon Removal Agreement with 1PointFive
1PointFive, the Direct Air Capture (DAC)-focused subsidiary of energy giant Occidental (Oxy), announced today an agreement today with telecommunications company AT&T for the purchase of carbon dioxide removal (CDR) credits from 1PointFIve’s Texas-based DAC facility, STRATOS. DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from…
Stonepeak Acquires $300 Million Stake in Wind Energy Portfolio from Ørsted
Alternative investment firm Stonepeak announced today an agreement with global energy developer Ørsted to acquire and equity ownership stake valued at approximately $300 million in a 957 MW portfolio of U.S. onshore wind farms. The portfolio includes four onshore wind farms across Illinois, Texas and Kansas. According to the companies, the portfolio is highly contracted, with each project currently operational,…
DAC Startup CarbonCapture Raises $80 Million from Investors Including Amazon, Aramco, Siemens
California-based climate tech company CarbonCapture announced today that it has raised $80 million, with proceeds to be used for the development and deployment of the company’s Direct Air Capture (DAC) carbon removal systems. DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from the atmosphere for…