More than 80% of Paris-based global bank BNP Paribas’ energy production financing exposure was directed to low-carbon energies as of the end of 2025, according to the bank’s annual results. The achievement puts BNP Paribas ahead of track to achieve one of its key sustainability goals, with the bank targeting 90% low-carbon energies, or more than €40 billion, within its…
This week in ESG news: UK plans IFRS-aligned sustainability reporting from 2027; Deutsche Bank’s sustainable finance volumes rebound on “renewed demand”; Anti-DEI crackdown hits Nike; court strikes down Texas’ anti-ESG law as unconstitutional; assets in SFDR Article 8 & 9 funds surpass $10 trillion; EU launches new standard to certify carbon removal projects; CIP acquires Ørsted’s European onshore renewable energy…
The government of Canada announced that it will repeal the Electric Vehicle Availability Standard (EVAS), a regulation mandating a minimum and rising share of zero-emission vehicle (ZEV) sales by automakers, which would have required the industry to reach 100% ZEVs by 2035. Initially launched in 2023, the regulation was designed to help increase supply for consumers over time, and included…
Spain-based venture capital firm Mundi Ventures announced the first close of its deep tech growth fund, raising €750 million first close toward its €1 billion target to invest in scalable technologies aimed at addressing critical societal challenges, ranging from from climate change to resilient infrastructure. According to Mundi, the fund was created to address a gap in European capital markets, with…
Fusion energy startup Avalanche Energy announced that it has raised $29 million in a new funding round, aimed at advancing the development of its compact fusion energy devices. Fusion, the process of combining two atoms to form a single atom to release energy, has been long referred to as the “Holy Grail” of clean and abundant energy production, given its…
Chrysler, Dodge, Jeep, and Citroen parent Stellantis announced today an agreement to sell its 49% stake in its Canada-based EV battery manufacturing facility, NextStar Energy to its joint venture partner LG Energy Solution. Launched by Stellantis and LG Energy Solution in 2022, NextStar was founded to establish the first large-scale domestic electric vehicle manufacturing facility in Canada, with annual production…
A Texas District Court judge has struck down the state’s “business blacklist law,” ruling that the law requiring state entities to divest from financial companies deemed to be “boycotting” fossil fuel companies was unconstitutional. Passed in 2021, the blacklist law, Senate Bill 13 (SB 13) formed part of an anti-ESG movement in Republican states – which has picked up significant…
Carbon project developer Varaha announced the launch of a Series B financing round of about $45 million, with the closing of an initial $20 million tranche, as the company looks to expand its reach and capabilities. Founded in India in 2022, Varaha specializes in nature-based solutions, with a focus on working with smallholder farmers to help remove carbon from the…
Airbus and French energy giant TotalEnergies announced the signing of two Power Purchase Agreements to supply 3.3 TWh of renewable electricity to Airbus’ major sites in Germany and the UK, aimed at reducing emissions and expanding the use of clean power across the aerospace company’s operations. Under the new agreements, Airbus will source baseload electricity from new renewable energy assets…