By: Scott Lane, Founder & CEO of Speeki Everyone working in sustainability wants an immediate end to oil and gas consumption – and so regulators and climate initiatives demand that fossil fuel giants immediately halt their production. This is a naive knee-jerk reaction to a complex, intractable problem. Regulators and climate initiatives need to get more tactical. My case in point:…
The U.S. Department of Energy (DOE) announced plans to provide nearly $1 billion in funding to bolster the production and supply of U.S.-based critical minerals and materials, with more than half to be channeled towards battery materials processing, manufacturing and recycling. According to the DOE, the new planned funding programs align with President Trump’s Executive Order, “Unleashing American Energy,” issued…
Copenhagen-based Danske Bank Group announced that it has divested from the vast majority of its investments in fossil fuel companies through its Danske Invest fund management unit and Danica pension and insurance business, following the implementation of a new policy that assesses companies’ low-carbon transition plans. Danske Bank introduced its new methodology for investment in companies in the fossil fuel…
Swiss generic and biosimilar medicine pharmaceutical company Sandoz announced that it has signed a new 10-year virtual Power Purchase Agreement (PPA) with Elawan Energy for new-build solar projects in Spain, anticipated to cover the vast majority of Sandoz’s electricity use in Europe. Under the new partnership, Sandoz and Elawan Energy will jointly develop solar projects with a total installed capacity…
Investment manager Nuveen announced that it has raised $1.3 billion in capital commitments at the first close of Energy & Power Infrastructure Credit Fund II (EPIC II), reaching more than half of its $2.5 billion target for the infrastructure-focused private credit strategy. Anchored by commitments from a leading Canadian pension fund manager and financial services provider TIAA, the fund aims…
Global alternative investment manager Apollo announced an agreement to acquire energy efficient thermal management solutions provider Kelvion from investment firm Triton, noting the company’s positioning to address “secular megatrends” including data center cooling and green tech. Founded in 1920, Germany-based Kelvion develops and manufactures heat exchange and cooling solutions for a broad range of applications including data centers, hydrogen production,…
Sustainability isn’t just about saving the planet anymore. It is about future-proofing your business, winning investor confidence, and staying ahead of increasingly complex regulations.
Sustainability RegTech company Diginex announced today an agreement to acquire supply chain risk monitoring platform Findings, in a transaction valued at up to $305 million, and aimed at boosting Diginex’s technological and cybersecurity capabilities. Founded in 2018 by CEO Kobi Freedman and CTO Jonatan Perry, U.S. and Israel-based Findings provides solutions aimed at providing companies and their vendors with visibility…
The U.S. Federal Trade Commission (FTC) announced that it has closed an investigation into truck and engine manufacturers including Volvo Group, Daimler Truck, International Motors, and PACCAR, after receiving commitments from the companies that they will not enforce an agreement with the California Air Resources Board (CARB) aimed at reducing greenhouse gas emissions in the heavy-duty trucking sector. The truck…