Los Angeles County announced that it has filed a lawsuit against beverage giants PepsiCo and Coca-Cola, claiming that the companies play a significant role in plastic pollution’s negative impacts on the environment and public health; have misrepresented the recyclability of plastic beverage containers to the public; and have failed to disclose significant environmental and health harms associated with the use…
BETA Technologies, an electric aerospace company based in Vermont, announced that it has raised $318 million in Series C equity capital. The funding will enable the eight-year-old sustainable aviation company to support continued production, certification, and commercialization of its electric-powered aircraft, as well as of its charging systems and growing infrastructure network. BETA plans to use the funds to commercialize…
ZE Energy, a Paris-based developer of photovoltaic power plants and energy storage solutions, announced that it had raised €54 million (USD $57.8 million), with proceeds aimed at supporting the continued expansion of its products and services throughout Europe. Founded in 2019, ZE Energy develops, builds and operates hybrid photovoltaic power plants with energy storage, and also finances projects that provide…
The EU’s sustainable finance framework would benefit from new measures to help reduce greenwashing risk, such as green and transition labels for sustainable investment products, and from reduced reporting burdens for smaller market participants, according to European Commissioner-designate for Financial Services and the Savings and Investment Union Maria Luis Albuquerque. In her confirmation hearing on Wednesday, Albuquerque expressed her position…
The UAE will invest up to AED200 billion (USD$54.5 billion) in order to meet its targets to significantly increase clean energy capacity and production over the next several years and to progress towards its 2050 climate goals, according to a statement by Suhail Al Mazrouei, Minister of Energy and Infrastructure. Speaking at the ADIPEC energy industry conference in Abu Dhabi,…
Sustainability management solutions provider Optera has announced the release of a new update of its Supply Chain Manager with new features aimed at enabling companies to meet increasing regulatory requirements to report on Scope 3 supply chain emissions for purchased goods and services. With the implementation of regulations such as the European Union’s Corporate Sustainability Reporting Directive (CSRD) and California’s…
Engie North America, a part of the France-based Engie Group, announced that it has signed a deal with social media giant Meta to supply it with 260 MW of renewable energy from its Sypert Branch solar project in Milam County Texas, 100% of the project’s output. The Sypert Branch solar project, expected to be operational in late 2025, was developed…