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…
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’…
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.
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…
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…
Meta announced that it has signed four environmental attribute purchase agreements (EAPAs) with Madrid-based Zelestra for production of 595 MW of renewable energy to help power the company’s data centers in Texas. Meta, the owner of Facebook, Instagram, and WhatsApp, has set a target to reach net-zero emissions across its value chain by 2030, and is one of the largest…