New York City Comptroller Brad Lander announced agreements with three major North American banks, including JPMorgan Chase, Citi and RBC, to publicly disclose a new climate reporting metric outlining their ratios of clean energy to fossil fuel finance. The new agreements follow the filing of shareholder resolutions in January by three of New York City’s pension funds – the New…
Cleantech startup Terragia Biofuel announced that it has raised $6 million in a seed financing round, with proceeds to be used by the company to grow and to commercialize its biology-based approach to converting biomass into ethanol and other products. Founded in 2022, New Hampshire-based Terragia develops technology enabling the production of sustainable fuels from cellulosic biomass. The company’s solution…
Environmental data provider Iceberg Data Lab (IDL) announced today that it has raised $10 million at the first close of its Series A funding round, with proceeds aimed at supporting the company’s expansion and to strengthen its product offerings. Launched in 2019, Paris-based Iceberg Data Lab provides data solutions for financial institutions to measure and monitor environmental metrics, such as…
ESG data solutions provider ESGgo announced today the launch of One-Click Sustainability Report, a new AI-powered solution aimed at enabling companies to easily produce sustainability reports aligned with regulatory frameworks and stakeholder requirements. According to ESGgo, the new solution allows organizations to streamline their sustainability reporting processes, while ensuring compliance with the evolving sustainability standards, with the company’s AI-powered data…
Energy products manufacturer Phillips 66 today announced that it has converted its San Francisco oil refinery in Rodeo, California to process only renewable feedstocks, and is now producing approximately 30,000 barrels per day of renewable diesel, with the commercial-scale production marking a significant milestone in its project to operate one of the world’s largest renewable fuels facilities. The achievement follows…
Morgan Stanley Investment Management’s middle-market focused private equity team Morgan Stanley Capital Partners (MSCP) announced the acquisition of energy efficiency and sustainability-focused services and solutions provider Resource Innovations. Founded in 2016, San Francisco-based Resource Innovations works with organizations including utilities, government agencies and corporate clients to help meet their energy transition and decarbonization goals. The company provides advisory services, program…
A Dutch appeals court began hearings on an appeal brought by energy giant Shell against a landmark 2021 ruling holding the company responsible for greenhouse gas emissions resulting from its customers’ use of its products, and ordering the company to dramatically reduce emissions by the end of the decade. In a statement released by Shell prior to the beginning of…