Political pressures in the US have prompted fund outflows, greenhushing and a fall in support for shareholder resolutions – but views differ on how deep they run. Last November, the trustees of Massachusetts Pension Reserves Investment Management (MassPRIM) gathered to discuss a sensitive question: should the public sector pension fund continue to use the term ‘ESG’, or drop it? Republican…
Energy-focused private equity investor NGP announced the launch of NGP Sustainable Real Assets (NGP SRA), a new dedicated pool of capital focused on real assets investing in the energy transition. The new fund is launching with approximately $500 million of capital commitments at closing, provided by NGP’s dedicated energy transition fund, NGP Energy Transition IV, L.P., and co-investors According to…
Climate solutions startup Cowboy Clean Fuels (CCF) announced that it has raised approximately $13 million at the closing of a Series B equity financing round, with proceeds aimed at commercializing its solution to simultaneously produce clean fuel and remove CO2. Founded in 2020, Colorado-based CCF provides technology offering both geologic carbon removal & sequestration and renewable natural gas (RNG) production….
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…