Geothermal technology company Bedrock Energy announced that it has raised $12 million in a Series A funding round, with proceeds aimed at supporting the deployment and development of its carbon-free, low-cost solution for heating and cooling buildings. Buildings are a significant contributor to global GHG emissions, and one of the hardest to replace, given their long-term nature. Overall, buildings are…
Real estate and investment management-focused services provider JLL announced the launch of a new Energy Advisory and Sustainability practice, aimed at providing energy-focused, end-to-end sustainability services to real estate investors and commercial and public sector clients. The new practice will be led by Josephine Tucker, who has been appointed Americas Head of Energy Advisory and Sustainability at JLL. JLL is…
BNP Paribas Asset Management (BNPP AM) announced that it has raised €172 million (USD$179 million) at the final close of its BNP Paribas Solar Impulse Venture Fund (BNPP SIVF), surpassing the initial target size for the fund focused on investing in innovative cleantech startups with positive environmental impact and supporting the acceleration of ecological transition. Founded in 2021 through an…
Microsoft and nature-based climate solutions startup re.green announced a new agreement, the second between the companies, expanding their collaboration to restore forests in Brazil to cover an area three times the size of the city of Paris, with Microsoft purchasing carbon removal offtakes from the projects totalling 6.5 million tons. Microsoft and re.green signed their initial agreement in May 2024,…
ESG data and ratings providers and other initiatives are overly focused on direct lobbying, with full spectrum of practices slipping under the radar. Investor efforts to tackle corporate advocacy activities are getting limited help from tracking solutions, according to non-profit The Good Lobby. The Good Lobby Tracker scores ESG data and ratings providers, sustainability reporting standards, and other initiatives on…
The US Climate Alliance, a net zero-focused group of 24 U.S. state governors, announced the publication of a letter to UN Climate Change Executive Secretary Simon Stiell, indicating that they plan to remain committed to the U.S.’ Paris Agreement goals, despite President Trump’s announced withdrawal from the international climate accord. The letter, signed by Alliance co-Chairs New York Governor Kathy…