Climate-tech startup CarbonBlue announced that it has raised $10 million in a seed funding round, with proceeds to be used to scale up and deploy its water-based Carbon Dioxide Removal (CDR) technology. Founded in 2022 in Israel, CarbonBlue provides technology to turn any water-based infrastructure into a CDR facility by removing CO2 from water, enabling it to absorb more from…
Most companies and investors are not yet measuring and targeting reductions in Scope 3 value chain emissions, leading to significant overlooked and unreported financial risks in their supply chains, according to a new report released by Boston Consulting Group and environmental disclosure system CDP. For the report, “Scope 3 Upstream: Big Challenges, Simple Remedies,” CDP and BCG analyzed responses to…
Italian energy company Eni announced today that it has signed an exclusivity agreement with alternative asset and private equity investor KKR to advance the potential sale of a 20% – 25% stake of Eni’s mobility transformation and biofuels-focused business, Enilive. The potential transaction would value Enilive at between €11.5 billion and €12.5 billion (USD$12.5 – $13.6 billion). Eni launched the…
The U.S. Environmental Protection Agency (EPA) announced more than $4.3 billion in grants for projects in 30 states aimed at reducing greenhouse gas emissions across the transportation, electric power, commercial and residential buildings, industry, agriculture, and waste and materials management sectors. The new awards were made under the Climate Pollution Reduction Grants program, which provides grants to states, local governments,…
Logistics giant DHL and green technology provider Envision Group announced today a new partnership aimed at advancing sustainability innovations in logistics and energy, with a particular focus on sustainable aviation fuel. Founded in 2007, Shanghai-based Envision provides renewable energy system solutions for global enterprises, governments and institutions, with a focus on areas including smart wind turbines, energy storage, and green…
By: Mark Mellen, Industry Principal – ESG, Workiva The pause on the U.S. Securities and Exchange Commission’s (SEC) climate disclosure rule has injected a dose of uncertainty into the world of environmental, social, and governance (ESG) reporting. However, this development should not be misconstrued as a sign of a slowdown in the global movement toward standardized ESG transparency. Regardless of…
Sustainable business transformation-focused consultancy Revolt announced today the appointment of former BBDO President and CEO Kirsten Flanik to the newly created role of CEO, North America. The appointment follows the acquisition earlier this year of Revolt by London-based sustainability advisory and solutions firm Anthesis, and forms part of the company’s initiative to bolster its presence in the U.S. market. Revolt…