Investor interest in nuclear power is burgeoning as demand trends alter perspectives on a previously taboo energy source. Nuclear energy has not been a priority for institutional investors in recent decades. Significant safety concerns are a key factor, following disasters such as Three Mile Island (1979), Chernobyl (1986) and Fukushima (2011). New nuclear projects often mean high upfront costs and…
Sustainable fashion tech start-up Fairly Made announced that it has raised €15 million (USD$16.4 million) in a Series B funding round, with proceeds from the financing aimed at advancing its supply chain tracing solutions to enable fashion brands to accurately measure the environmental and social impact of their products. Founded in 2018 by Laure Betsch and Camille Le Gal, Paris-based…
Private banking and asset management company Edmond de Rothschild announced the appointment of Eric de Tessières as Group Chief Sustainability Officer, overseeing the firm’s sustainability initiatives, across asset management and private banking. de Tessières joins Edmond de Rothschild after nearly 20 years at BNP Paribas, most recently as Chief Operating Officer of the Sustainability Center and Head of Solidarity Investments…
Energy giant Occidental (Oxy) and its Direct Air Capture (DAC)-focused subsidiary 1PointFive announced that they have been awarded permits by the U.S. Environmental Protection Agency (EPA) to sequester CO2 captured from its Texas-based DAC megaproject STRATOS in deep underground wells. According to Oxy, the permits are the first to be issued to sequester CO2 from a DAC project. 1PointFive is…
It appears that multi-billionaire and current ESG-basher Elon Musk has worn out his welcome in the Oval Office amidst rumors that he plans to step down from the Department of Government Efficiency (DOGE) at the end of May. Musk has been under intense pressure to refocus his attention on his struggling Tesla brand. His slash-and-burn approach to government cost-cutting also…
New York State’s Department of Environmental Conservation (DEC) announced the release of new draft regulations, proposing mandatory greenhouse gas (GHG) emissions reporting from some significant emitters, with reporting to begin in 2027 on the previous year’s data. While noting that the new proposal “does not impose requirements for facilities to reduce GHG pollution or to obtain emission allowances,” it forms…