Mining giant Rio Tinto announced today an agreement to acquire Philadelphia-based lithium chemicals producer Arcadium Lithium, in a transaction described by Rio Tinto as aimed at “establishing a global leader in energy transition commodities.” Tinto will pay $6.7 billion for the company in the all-cash transaction, paying shareholders $5.85 per share, a 90% premium over Arcadium’s October 4, 2024 closing…
Boston-based Lithios, which is developing technology for sustainable lithium extraction, announced that it has secured a total of $10 million in seed financing. The company said it would use the new funding to scale the production of their Advanced Lithium Extraction (ALE) technology, which allows for tapping into a more environmentally sustainable, lower cost supply of lithium, an element that…
ESG ratings, data, and research provider Morningstar Sustainalytics announced the launch of a series of new tools as part of its EU Sustainable Finance Action Plan Solutions Suite, aimed at helping investors and companies address emerging EU regulatory reporting requirements. The new and updated solutions include a Corporate Sustainability Reporting Directive (CSRD) Aligned Data offering, an ESMA Fund Naming Rules…
The Climate Change Committee (CCC), the UK government’s climate advisor announced today the appointment of Energy UK CEO Emma Pinchbeck as its new Chief Executive. Pinchbeck, who announced that she will step down from her current role next month, will join the CCC on November 11. Established under the UK’s established under the Climate Change Act 2008, the CCC is…
The number of companies linked to greenwashing, or misleading claims about the environmental impact of their operations and products, fell for the first time in six years as regulatory and stakeholder pressure builds, according to a new report by ESG data science company RepRisk, although the study also found that severe greenwashing cases continue to increase, and that progress is…
Sustainable energy firm energyRe announced that it has signed a 12-year power purchase agreement (PPA) with Google, supplying the tech giant with 435 MW of renewable energy for its operations in the central U.S. from a new solar project. The project will be developed, owned, and operated by energyRe, and the firm will supply the generated electricity and Renewable Energy…
Renewable power company BrightNight announced that it has closed a $440 million strategic equity investment from Goldman Sachs Asset Management’s alternative investments platform Goldman Sachs Alternatives. Initially announced earlier this year, the investment is aimed at supporting BrightNight’s independent power producer (IPP) business model and the buildout of its utility-scale portfolio across the U.S. Founded in 2019 as a renewables-focused…