On February 7, the EPA announced its revision of one of the National Ambient Air Quality Standards (NAAQS). It tightened the regulation of annual Fine Particulate Matter – particles measuring 2.5 microns or less, known as PM2.5 and sometimes referred to as soot. When a federal agency takes small steps to do something that helps protect communities and the planet,…
Goldman Sachs Renewables Spinout MN8 Raises $325 Million
Solar energy and energy storage producer MN8 Energy announced today that it has raised $325 million through a private placement of convertible preferred stock, with proceeds from the financing to be used to fund the company’s growth and expansion of operations. Launched in 2017 as Goldman Sachs Renewable Power LLC, New York-based MN8 was rebranded and separated into an independent…
MUFG Triples 2030 Sustainable Finance Target to $660 Billion on Strong Demand
Tokyo-based banking group Mitsubishi UFJ Financial Group (MUFG) announced today a series of sustainability-related initiatives, including nearly tripling its 2030 sustainable finance goal to 100 trillion yen (USD$660 billion) from its prior 35 trillion yen target, as well as establishing a new Sustainability Risk Office, to manage sustainability risks, such as climate change risks, across the group. The new targets…
Southwest Airlines Acquires DOE-Backed Sustainable Aviation Fuel Startup SAFFiRE Renewables
Southwest Airlines announced that it has acquired SAFFiRE Renewables, a U.S. Department of Energy (DOE)-backed project aimed at scaling the production of sustainable aviation fuel from agricultural residue. The acquisition follows the launch last month by the airline of Southwest Airlines Renewable Ventures (SARV), a new subsidiary responsible for managing the airline’s sustainable aviation fuel (SAF) investments, and creating opportunities…