Decarbonization-focused investment firm Aligned Climate Capital announced that it has raised $85 million at the final close of its second venture fund, Aligned Climate Fund 2 LP (ACF2), targeting investments in clean energy and decarbonization solutions. The fund, which is twice the size of Aligned’s first fund, invests in companies at the Seed through Series B stages, that are scaling…
U.S. Senator and Senate Banking Committee member Bill Hagerty announced the introduction of the “PROTECT USA” Act, proposing new legislation aimed at shielding U.S. companies from having to comply with the EU’s Corporate Sustainability Due Diligence Directive (CSDDD). The CSDDD sets out obligations for companies to identify, assess, prevent, mitigate, address and remedy impacts on people and planet – ranging…
UK financial regulators the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA) announced that they have dropped plans to advance new rules aimed at boosting diversity and inclusion in the financial services sector. The announcements follow the launch by the FCA and PRA in September 2023 of a consultation into a series of rules to…
Tech giants Amazon, Google and Meta joined a group of major companies pledging to support the goal to triple global nuclear energy capacity by 2050. Led by global nuclear industry group World Nuclear Association, the “Large Energy Users Pledge” was also signed by Allseas, Bureau Veritas, Carbon3Energy, Clean Energy Buyers Alliance, Core Power, Dow, Fly Green Alliance, Lloyd’s Register, Occidental,…