Facebook, Instagram, and WhatsApp owner Meta announced that it has signed a new agreement with Constellation Energy, extending the life of a nuclear energy facility in Illinois for 20 years, with its 1.1 GW of output supporting Meta’s operations in the region, as well as the company’s clean energy goals. The new agreement, beginning in June 2027, will allow Constellation’s…
A public-private coalition of major financial institutions and governments has revealed its plans to launch a dedicated company aimed at accelerating private investment in sustainable development projects across emerging markets and developing economies (EMDEs). Blended finance brings together public or philanthropic capital and private funding through a common investment structure, enabling investors to invest in certain types of investments that…
BlackRock has been removed from a list of companies published by Texas subject to divestment for “boycotting energy companies,” after the asset management giant exited climate-focused investment groups and updated its energy investment policies, according to a statement released by Texas Comptroller Glenn Hegar. The development of the list in 2022 formed part of an anti-ESG movement in Republican states,…
The Financial Reporting Council (FRC) has released details of its update to the UK Stewardship Code. While some proposals from the consultation have been adopted, some financial services experts remain concerned that the 2026 Stewardship Code represents a step down from the high standards set by the 2020 Code. The previous definition of Stewardship in the 2020 Code made explicit…
The International Air Transport Association (IATA) has announced that it expects sustainable aviation fuel (SAF) production to roughly double to reach two million tonnes this year, but noted that this accounts for just 0.7% of airlines’ total fuel consumption. Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources, like waste oils and agricultural…
Renewable energy company Low Carbon announced that it has completed the sale of a ready-to-build portfolio of eight solar projects with a combined capacity of 350 MW and two co-located battery storage assets with a capacity of 85 MW to France-based energy giant TotalEnergies. All projects are at an advanced stage of development, forming part of Low Carbon’s 16 GW…
Climate solutions-focused multi-stage investor Energize Capital announced today that it has raised $430 million in capital commitments at the close of its Ventures Fund III, aimed at investing in digital technologies accelerating the energy transition. Despite a difficult climate investing environment, Energize said that the fund was oversubscribed, and was raised in just 16 months, drawing more than 80 investors, including…