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Harnessing the power of peer pressure

When I was 16, I bought a pair of Converse trainers.   For most people, today, this might not seem like a big thing but, back then, it was. It meant that I was the first person in our school year to branch away from the, then, accepted norm of wearing white Reebok Classics.    No one could understand why I would…

Schroders Greencoat launches energy infrastructure LTAF

Schroders Greencoat has received regulatory approval in the UK to launch the Global Energy Infrastructure Long-Term Asset fund (LTAF).  Offering exposure to energy transition infrastructure, the LTAF will be a feeder fund into the Schroders Capital Semi-Liquid Energy Transition fund, launched a year ago for defined contribution clients. The feeder fund expands exposure to UK wealth clients, after receiving approval from the…

‘Love it or hate it, Drax is a strategic national asset’

Drax is no stranger to being in the headlines. Last year, a report from the think tank, Ember, found its Selby power station – the largest power plant in the UK – produced four times more carbon emissions than the UK’s last remaining coal-fired plant in 2023, and was Britain’s single largest carbon emitter, despite taking more than £500m in…

Big Challenges for a Broader Tent

With climate-focused initiatives under pressure, how will GFANZ 2.0 contribute to net zero?  With cracks shaking the foundations of net zero alliances spanning asset management, insurance and banking, there is clear concern that the Glasgow Financial Alliance for Net Zero (GFANZ) as we know it is heading for the emergency exit. But the body’s plan to re-strategise doesn’t mean its…

Apple Shareholders Reject Proposal to Scrap Diversity Programs

Apple Shareholders Reject Proposal to Scrap Diversity Programs

Apple shareholders have voted against a resolution directing the company to end its Diversity, Equity and Inclusion (DEI) policies, although CEO Tim Cook acknowledged that the company may need to adjust its diversity practices to fit a shifting legal landscape in the U.S. The vote could be seen as an indication that shareholders may not ubiquitously support an expanding series…

Plastic Recycling Tech Provider Resynergi Raises $18 Million

Plastic Recycling Tech Provider Resynergi Raises $18 Million

Circularity-focused startup Resynergi announced that it has raised $18 million in a Series B funding round to open its first commercial site to convert plastic waste into feedstock materials that can be used to manufacture new products, offering a solution for hard-to-recycle plastics, which often end up in landfills and oceans. Founded in 2015, California-based Resynergi uses Continuous Microwave Assisted…

Brookfield Acquires National Grid’s U.S. Renewables Business for $1.7 Billion

Brookfield Acquires National Grid’s U.S. Renewables Business for $1.7 Billion

UK-based power company National Grid announced an agreement to sell its U.S. onshore renewables business, National Grid Renewables to Brookfield Asset Management, in a deal valuing the business at an enterprise value of $1.735 billion. National Grid Renewables develops, constructs and operates renewable energy production and storage projects across several states in the U.S. The company’s portfolio includes 1.8GW in operation…

Brookfield Acquires National Grid’s U.S. Renewables Business for $1.7 Billion

Brookfield Acquires National Grid’s U.S. Renewables Business for $1.7 Billion

UK-based power company National Grid announced an agreement to sell its U.S. onshore renewables business, National Grid Renewables to Brookfield Asset Management, in a deal valuing the business at an enterprise value of $1.735 billion. National Grid Renewables develops, constructs and operates renewable energy production and storage projects across several states in the U.S. The company’s portfolio includes 1.8GW in operation…