bp has said that it has withdrawn its plans to develop H2Teesside, a large scale hydrogen production and carbon capture facility in Teesside in north-east England, citing deteriorating demand for hydrogen by industrial consumers, and alternative plans to build a new data center at the site. The company said that the decision to end its plans for the blue hydrogen…

New York City Comptroller Brad Lander announced that he has recommended that the city’s pension funds drop a $42 billion investment mandates with BlackRock, as well as those with Fidelity and PanAgora, over the asset managers’ failure to submit decarbonization plans that were aligned with the pension system’s net zero investment goals. The Comptroller’s new recommendation focused largely on the…

The Financial Conduct Authority (FCA), the UK’s conduct regulator for financial services firms and financial markets, announced the publication of new proposed transparency, governance and conflict of interest management requirements for ESG ratings providers. The launch of the proposals follows the finalization of new legislation in October by the UK government to regulate ESG ratings providers, under the supervision of the…

Private markets investment manager CVC’s infrastructure strategy CVC DIF announced the acquisition of a majority controlling stake in European renewable energy company Low Carbon, in a deal securing more than $1.4 billion in capital for Low Carbon aimed at creating a leading, pan-European Independent Power Producer (IPP). Founded in 2011, London-based Low Carbon develops, builds, and operates utility-scale solar, onshore…