United Airlines announced an investment in carbon transformation-focused cleantech company Twelve, supporting the company’s initiatives to turn CO2 into sustainable aviation fuel (SAF) using renewable energy. Founded in 2015, California-based Twelve produces chemicals, materials, and fuels from captured CO2 combined with water. The process is powered by renewable energy and produces water and oxygen as byproducts. According to Twelve, its…
Google announced that it has signed a new renewable energy power purchase agreement (PPA) with Shell, buying 100% of the power generated by Shell NoordzeeWind, the Netherlands’ oldest wind farm. The wind farm, which was built by Shell and Vattenfall JV NoordzeeWind and began operations in 2007, generates a total of 108 megawatts of power. Shell acquired Vattenfall’s share of…
A coalition of 18 U.S. State Attorneys General, led by New York AG Letitia James announced that they have filed a lawsuit against the Trump Administration, aimed at blocking the federal government’s move to freeze new wind energy developments across the country. The suit follows a Presidential Memorandum signed by Trump on his first day in office, indefinitely halting all…
The U.S. Justice Department announced that it has filed complaints in U.S. District Courts against the states of New York and Vermont over their respective climate change “Superfund” laws, aimed at fining energy companies for their contributions to climate change. Separately, a group of 24 U.S. State Attorneys General announced that they have joined a lawsuit against the Vermont Superfund…
Companies that used to shout about their ESG efforts are now seemingly saying much less, afraid of pushback from all sides. This apparent trend may lead many to believe that they had given up on their green commitments, however that hasn’t been my experience in recent discussions with investee firms and there are still many reasons to remain optimistic. Antidote…
Companies that used to shout about their ESG efforts are now seemingly saying much less, afraid of pushback from all sides. This apparent trend may lead many to believe that they had given up on their green commitments, however that hasn’t been my experience in recent discussions with investee firms and there are still many reasons to remain optimistic. Antidote…
State Street Global Advisors (SSGA), one of the world’s largest investment managers, announced the launch of its new Sustainability Stewardship Service, offering institutional clients with the ability to follow a sustainability-focused engagement and proxy voting framework. According to SSGA, the new service was launched in response to institutional client feedback, seeking more engagement with companies on sustainability topics, and designed with…
The UK Sustainable Investment and Finance Association (UKSIF), Scottish Widows and Canbury have outlined the rationale for an enhanced focus on systemic risk in financial services with a clear framework for action in a report published at UKSIF’s Spring Conference in Edinburgh. The report – Systemic Risks: A Framework for Portfolio Resilience – is designed to demonstrate the importance of…