Carbon capture technology firm CarbonQuest announced that it has raised $20 million in a funding round, with proceeds aimed at advancing and expanding its low-cost solution to capture CO2 from buildings and power generation systems. Founded in 2019, Spokane, Wa-based CarbonQuest has developed a modular point-source system to capture CO2 before it is emitted from natural gas sources in buildings…
Climate solutions provider Watershed announced today the launch of a new request for proposals (RFP), aimed at adding 1 megatonne (1 million tonnes) of carbon removal credits to its decarbonization-focused platform for companies. According to Watershed, the new RFP is being opened amidst growth in its customer base, with the company forecasting a need for 1 million tonnes of carbon…
UK pension fund manager The People’s Pension (TPP) announced the appointment of Amundi and Invesco to manage £28 billion (USD$35.5 billion) in assets, with a strong focus on responsible investment, including climate-focused and net zero-aligned equity and fixed income mandates. The new mandates represent the bulk of TPP’s approximately £32 billion in assets, which had been exclusively managed by State…
Wells Fargo revealed that it has dropped some of its key climate-related goals, including its target to achieve net zero financed emissions by 2050, and its sector-specific 2030 interim financed emissions targets. The announcement, made available on the Wells Fargo’s website, marks the latest move in a series of retreats from climate finance commitments set by banks over the past…
Goldman Sachs Asset Management (GSAM) announced the launch of the Goldman Sachs Biodiversity Bond fund, aimed at investing in a global portfolio of bonds contributing to UN Sustainable Development Goals (SDGs) supporting biodiversity conservation and remediation. According to Bram Bos, Global Head of Green, Social and Impact Bonds at Goldman Sachs Asset Management, the launch of the new fund comes…
Real estate-focused ESG data technology provider Measurabl announced that it has appointed Aislinn McCarry as Director of EMEA, forming part of the company’s efforts to scale its presence in Europe to meet growing demand for sustainability data solutions in real estate. McCarry joins Measurabl from UK-based real estate-focused sustainability consultancy and services firm Evora Global, where she served as Director…
Alternative asset manager Blackstone announced that it has raised $5.6 billion for its energy transition-focused private equity fund, Blackstone Energy Transition Partners IV, closing the fund at its hard cap. Blackstone Energy Transition Partners invests globally across sectors in the energy industry, helping energy companies to build enterprises at scale that can deliver clean, reliable and affordable energy. The platform…