Redwheel has confirmed its decision to close its Global Climate Engagement fund due to a lack of investor demand. The product was brought to market in 2024 under the management of John Teahan (pictured), and currently has $0.8m in assets under management (AUM), according to the group. The Article 8 fund was also supported by the firm’s sustainability research arm, Greenwheel, and…
Guest Post: As EU Sustainability Rules Come Under Siege, Businesses Rally to Their Defence
By: Tsvetelina Kuzmanova, EU Sustainable Finance Policy Lead, Cambridge Institute for Sustainability Leadership (CISL) As the EU announced its 2040 climate target and national climate commitments are under revision, the role of business in delivering that ambition is under renewed scrutiny. Will business be brought in as a partner, or pushed out by short-sighted reforms? The truth is: many European…
GeologicAI Raises $44 Million to Use AI to Source Critical Minerals
Calgary-based GeologicAI announced that it has raised US$44 million in a Series B round to accelerate the AI-driven discovery and development of critical minerals globally, a key input driving the energy transition towards electrification. The round was led by Swiss impact investor Blue Earth Capital, with participation from mining giants BHP and Rio Tinto, as well as Bill Gates’ cleantech…
Petrobras Appoints New Chief of Energy Transition and Sustainability
Brazilian energy giant Petrobras announced the appointment of Angélica Laureano as Executive Director of Energy Transition and Sustainability, taking over the role following the departure in May of former Chief Energy Transition and Sustainability Officer, Mauricio Tolmasquim. Petrobras established the Executive Office of Energy Transition and Sustainability in 2023, aimed at centralizing the company’s energy transition-related efforts, and encompassing areas…
Guest Post – CARB’s Latest FAQ: Your Guide to Clearer CA Climate Disclosures
By: Alyssa Zucker, Senior Industry Principal, Workiva Many questions lingered after CARB’s much-anticipated first public workshop held on May 29th, 2025, on California’s landmark climate disclosure laws (SB 253 and SB 261), which require large businesses in California to report greenhouse gas (GHG) emissions and climate related risks respectively. Six weeks later, on June 9th 2025, the agency followed up to…
Sol Systems Secures $675 Million to Fund Solar & Storage Projects Across U.S.
U.S. clean energy developer and producer Sol Systems announced that its has secured a $675 million revolving construction finance facility, aimed at supporting the buildout of a portfolio of solar and storage projects. Founded in 2008, Sol Systems develops, owns and operates clean energy projects across the U.S., with projects spanning 7 GW across 38 states. The company said that…
INEOS Invests $40 Million to Decarbonize UK Chemical Site
Chemical company INEOS announced that it has completed a £30 million (USD$40.4 million) investment at its Hull manufacturing site, converting the facility to run on hydrogen instead of natural gas, resulting in a 75% reduction in carbon emissions. Based on the east coast of the UK, the INEOS Acetyls business in Hull is the largest producer of acetic acid, acetic…
88% of Companies See Sustainability as a Value-Creation Opportunity: Morgan Stanley Survey
Nearly nine out of ten companies view sustainability as a value creation opportunity, expected to drive benefits including higher profitability, revenue growth and improved cost of capital, according to a new survey released by Morgan Stanley, which also found that companies are becoming increasingly adept at quantifying the ROI of sustainability investments, enabling better comparisons to other capital allocation priorities….