The rightward political shift and associated rhetoric of the recent elections have negatively impacted Diversity, Equity, and Inclusion (DEI) efforts across the country. Proponents of such measures often frame them as necessary to promote “merit-based” systems, while opponents view them as a step backward for marginalized communities, threatening the progress made toward a more inclusive and equitable society. Lawmakers’ efforts…
Microsoft Inks 7 Million Ton Nature-Based Carbon Removal Megadeal
Microsoft and nature-based carbon removal startup Chestnut Carbon announced today a new 25-year offtake agreement, with Chestnut providing Microsoft with more than 7 million tons of nature-based carbon removal credits, generated from its forest projects in the Southern U.S. The deal marks the largest-ever voluntary corporate investment in conservation forestry in the U.S., according to Chestnut Carbon, restoring approximately 60,000…
IFRS Publishes Guidance for Companies Taking a Climate-First Approach to Sustainability Reporting
The IFRS Foundation announced the publication of a new guide, aimed at supporting companies beginning to apply the ISSB standards for sustainability reporting with their initial disclosures focused only on climate-related information. The IFRS Foundation’s International Sustainability Standards Board (ISSB) was launched in November 2021, with the goal to develop IFRS Sustainability Disclosure Standards to provide investors with information about companies’…
Simplify Your Sustainability Disclosures with Rio AI: A Platform Built for Sustainability Managers
As sustainability regulations like the CSRD and ISSB standards take center stage, the pressure is on for oil and gas companies to deliver transparent, accurate, and actionable sustainability disclosures. For sustainability managers, this often means navigating complex frameworks, managing vast amounts of sustainability data, and ensuring compliance across global operations.
Earth AI Raises $20 Million to Use AI to Explore for Clean Energy Metals
Clean energy metals-focused predictive explorer and driller Earth AI announced that it has raised $20 million in Series B funding, with proceeds aimed at driving its AI and drilling technology development and capacity. Founded in 2017, California-based Earth AI utilizes AI technology to discover untapped critical metal deposits rapidly and at low cost. The company’s AI platform repeatedly discovers new…
Rio Tinto, Norsk Hydro to Invest $45 Million in Carbon Capture Tech for Aluminum Production
Mining giant Rio Tinto announced today a new partnership with Norway-based aluminum and energy company Norsk Hydro aimed at exploring carbon capture technologies to reduce carbon output in the aluminum production process. Together, the partners expect to invest approximately $45 million over the next five years to support this initiative, with most of the work conducted at Rio Tinto’s facilities…