Sustainability management software provider Persefoni announced today that it has raised $23 million in a Series C funding round, as the company plans to expand its product offerings and solutions. Founded in 2020, Persefoni offers software and AI-driven tools aimed at enabling companies and financial institutions to manage their carbon footprint and sustainability reporting, with capabilities including streamlined carbon footprint…
Energy giants TotalEnergies, Equinor and Shell announced plans to invest NOK 7.5 billion (USD$714 million) to expand the Northern Lights carbon transportation and storage project in Norway, more than tripling the projects capacity from 1.5 million to more than 5 million tons of CO2 per year from 2028. The Northern Lights project, a joint venture between the companies, was launched…
The U.S. Securities and Exchange Commission (SEC) announced today that it has voted to end its legal defense of its climate disclosure rules, effectively walking away from its regulation requiring companies to report on climate risks and greenhouse gas emissions, without actually having to rescind the rules. In a statement announcing the Commission’s decision, SEC Acting Chairman Mark Uyeda, who…