By Glenn Todd, Principal, National Tax Leader, Power and Utilities, KPMG US; Jeffrey Dodson, Tax Market Leader, National Tax Industry Leader – Oil & Gas, KPMG LLP; Julie Chapel, Managing Director , Washington National Tax, KPMG US The recently enacted “One Big, Beautiful Bill Act” will bring about substantial changes to sectors across the economy, particularly the energy industry. As…

Google, nuclear technology company Kairos Power, and the Tennessee Valley Authority (TVA) announced a new collaboration to deliver advanced nuclear energy to Google data centers in the US. Under the deal, TVA will purchase power from Kairos Power’s Hermes 2 plant in Tennessee, which will deliver up to 50 megawatts (MW) of 24-hour energy to the TVA grid. Google will…

It has been a tough period for responsibly managed investments funds. The multi-asset investment universe has been no different and we have seen outflows across many strategies. The advent of the FCA’s long awaited policy statement, Sustainability Disclosure Requirements (SDR) and investment labels, has meant we have seen managers close funds, deemed sub-scale, and where they see the opportunity for…

Investment giant BlackRock’s infrastructure investment unit Global Infrastructure Partners (GIP) announced that it has acquired a 49.99% co-control stake in Italian energy company Eni’s Eni’s Carbon Capture, Utilization and Storage (CCUS) business, Eni CCUS Holding. The agreement follows an announcement by Eni in May that it had entered exclusive negotiations with GIP for the transaction following a selection process involving several…

Initiatives underway to reduce European sustainability reporting and due diligence reporting requirements could limit the European Central Bank’s capability to manage climate risk in the financial system, according to a letter sent by ECB President Christine Lagarde to European Parliament lawmakers. The letter comes as lawmakers prepare to debate the European Commission’s Omnibus I package, aimed at significantly reducing the…