After the results of the European elections, where the presidential political party lost a significant number of seats at the European Parliament, the president of the French Republic Emmanuel Macron decided to dissolve the National Assembly. This dissolution was effected by the presidential “Decree of June 9, 2024 dissolving the National Assembly“, which was published in the Official Journal of…
MUFG Invests in Sustainable Aviation Fuel Technology Company LanzaJet
Sustainable aviation fuel (SAF) technology and production company LanzaJet today announced an investment from Tokyo-based banking group Mitsubishi UFJ Financial Group (MUFG). The investment is part of LanzaJet’s current $100 million growth equity funding round, aimed at enabling the company to continue scaling its ethanol-to-SAF technology. Launched in 2020 by carbon recycling technology company LanzaTech, Illinois-based LanzaJet has developed “Alcohol-to-Jet”…
Lufthansa Raises Fares to Cover Costs of New Climate Regulations
The Lufthansa Group announced today the introduction of a new Environmental Cost Surcharge to its fares, passing the cost associated with meeting growing environmental regulations on to customers. The surcharge applies to all flights sold and operated by the Lufthansa Group departing from the 27 EU countries as well as the UK, Norway and Switzerland from January 1, 2025 and…
IBM Launches AI-Powered Emissions Tracking Solution for Asset-Intensive Sectors
IBM announced the launch of Maximo Emissions Management, a new AI-powered solution aimed at helping companies in asset-intensive industries, such as the energy, industry, transportation and buildings sectors, to track, manage and report emissions. The new solution forms part of a series of new capabilities added to the company’s intelligent asset management software suite, IBM Maximo. According to IBM, the…