Late introduction of new guidance from the commission risks detrimentally affecting investors during upcoming proxy season. A coalition of institutional investors has urged the US Securities and Exchange Commission (SEC) not to apply guidance replacing Staff Legal Bulletin (SLB) 14L to shareholder proposals filed before the recent changes were introduced. Last week, the SEC rescinded SLB 14L, which had restricted…
Vema Hydrogen Raises $13 Million for Solution to Produce Clean Hydrogen Underground at Under $1/KG
Cleantech startup Vema Hydrogen announced that it has raised $13 million in a Seed funding round, with proceeds aimed at supporting its efforts to produce low-cost carbon-free hydrogen. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for sectors with difficult to abate emissions, in which renewable energy solutions such…
KKR Backs Energy Service Provider EGC to Decarbonize Real Estate
Alternative asset and private equity investor KKR announced that it has entered into a strategic partnership with German energy service provider EGC, aimed at driving decarbonization in the real estate sector. Buildings are a key source of global greenhouse gas (GHG) emissions, and also one of the hardest to replace, given their long-term nature. According to the European Commission, buildings…
South Pole Appoints Dara Olufon as Co-Head of its Global Climate Advisory Business
Decarbonization-focused consultancy and carbon project developer and solutions provider South Pole announced the appointment of Dara Olufon as Co-Head of its Global Climate Advisory arm. Olufon will begin serving in his new role in March, alongside climate advisory co-lead Franziska Sinner. Olufon joins South Pole after ten years at McKinsey’s UK office, most recently serving as a partner in the…
Terra CO2 Raises $82 Million to Scale Low Carbon Cement Technology
Sustainable building materials startup Terra CO2 announced that it has raised $82 million in commitments in a Series B financing round, with proceeds aimed at accelerating the commercial deployment of its low carbon cement solution. Building materials are a key source of global greenhouse gas emissions. Cement production, an ingredient in concrete, accounts for approximately 8% of global carbon dioxide…
HSBC Pushes Back Net Zero Goals by 20 Years
HSBC revealed today a series of major changes to its climate goals, including a decision to push back its 2030 target to achieve net zero emissions in its operations and supply chain by 20 years, citing the “slower pace of the transition across the real economy,” in areas including climate technology, energy transition, and government policy. The bank also announced…