The EU has engaged in a flurry of sustainable lawmaking in the past five years, but right-wing groups’ growing influence in parliament may imperil the achievements of its Green Deal. As the European parliamentary election results trickled in on Sunday evening, it quickly became clear that the polls were correct: Europe had lurched to the right. Greens and liberals lost…
Microsoft Purchases Nearly 1 Million Tons of Nature-based Carbon Removal Credits from Anew
Microsoft and climate solutions provider Anew Climate announced today a new nature-based carbon removal purchase agreement, with Anew delivering more than 970,000 tons of carbon removal credits generated from improved forest management projects across the U.S. Founded in 2001, and majority-owned by alternative asset manager TPG’s impact investing platform TPG Rise, Texas-based Anew provides climate solutions aimed at helping companies…
Engie Pre-Orders 5 Million Tons of Nature-based Carbon Credits from Catona Climate
Power company Engie announced that it has pre-ordered 5 million tons of nature-based carbon removals from climate finance company Catona Climate. According to the landmark 2022 Intergovernmental Panel on Climate Change (IPCC) climate change mitigation study, scenarios that limit warming to 1.5°C include carbon dioxide removal methods scaling to billions of tons of removal annually over the coming decades. The…
California Seeks to Seize Big Oil Companies’ Profits in Climate Greenwashing Suit
California Attorney General Rob Bonta announced on Monday that the state would seek to seize the “illegally obtained profits” of several big oil companies, as part of an amended lawsuit claiming that the companies falsely advertised the environmental sustainability attributes of their products, and of fossil fuels generally. The amendment follows the launch of the suit by the AG in…
Foresight Raises €300 Million for Article 9 Energy Transition Infrastructure Fund
Real assets-focused investment manager Foresight Group announced that it has raised €300 million in commitments at the first close of its energy transition fund, Foresight Energy Infrastructure Partners II. Focused on long-term value creation, FEIP II is classified as an Article 9 fund under the EU’s SFDR regulation, and aims to invest in strategic energy assets that eliminate bottlenecks to…