Energy giant bp, and JERA, Japan’s largest power generation company, announced the completion of JERA Nex bp, combining each companies’ offshore wind assets to form a new equally-owned renewable joint venture. According to the companies, the new joint venture has a net potential generating capacity of 13GW, which would establish it as one of the largest offshore wind developers, owners…
China’s financial regulators announced the publication of the Green Finance Endorsed Project Catalogue, creating a new categorization system to determine which economic activities are eligible to be funded by green financial products. Released by the People’s Bank of China (PBOC), the National Financial Regulatory Administration and the China Securities Regulatory Commission, the new catalogue has been developed to be uniformly…
Canaccord Wealth has confirmed Patrick Thomas, head of sustainable investing, has left the firm after 15 years. Thomas (pictured) joined the firm in 2010 as investment director, ESG service, before taking on the head of sustainable investing role. He created the Sustainable Themes portfolio range at Canaccord in 2017, and the CGWM Thematic Growth fund in January 2023. He has…
Sustainability-focused industrial solutions provider Brimstone announced a new commercial agreement with Amazon, reserving annual volumes of Brimstone’s low-carbon cement from its forthcoming plant. The agreement was announced alongside successful third-party test results of Brimstone’s lower-carbon Ordinary Portland Cement (OPC) for use in concrete construction. Cement production, an ingredient in concrete, accounts for approximately 8% of global carbon dioxide emissions, with…
Attorney General James Uthmeier announced the issuance of subpoenas to climate reporting and assessment organizations CDP and the Science Based Targets initiative (SBTi), launching an investigation into alleged potential antitrust violations and deceptive trade practices. Referring to CDP and SBTi as a “climate cartel,” the AG said that the investigation aims to determine whether the organizations “violated state consumer protection…
Global technology hardware company Lenovo announced the launch of TruScale Device as a Service (DaaS) for Sustainability, a new solution aimed at enabling organizations to reduce the carbon footprint and lower the cost of their IT devices. Forming part of Lenovo’s device management platform, TruScale DaaS, the new solution provides options at multiple stages of the device lifecycle – including…
Castlefield has launched the TM Castlefield Thoughtful World Equity fund, which will invest in a portfolio of 40 to 50 large-cap global leaders. The strategy will be co-managed by fund manager James Buckley (pictured) and head of investment management Mark Elliott. The new fund is formed from a combination of the CFP Castlefield Thoughtful UK Opportunities fund and the CFP…
ISS Sustainability Solutions, the sustainable investment business of ISS STOXX, announced today the acquisition of geospatial AI-powered climate risk intelligence company Sust Global, in a move aimed at providing investors with capabilities to identify and manage climate and nature risks in their investments. Founded in 2020 by CEO Josh Gilbert and CTO Gopal Erinjippurath, California-based Sust Global uses advanced machine…
When a nation built on oil wealth decides to put billions into green finance, you know the game is changing.Qatar just launched a $2.5 billion green bond fund, and it’s aiming that capital squarely at renewable energy, low-carbon infrastructure, and eco-friendly real estate.