Amazon announced that it is investing in 700 MW of new carbon-free energy projects in Nevada to power its future data center operations in the area. The company said that it has signed an agreement with Nevada-based NV Energy, a subsidiary of Berkshire Hathaway Energy, to add 100 MW of geothermal power from renewable energy company Zanskar, and 600 MW…
The Science Based Targets initiative (SBTi) announced the appointment of McKenna Smith as Managing Director of its target validation unit, SBTi Services. SBTi launched SBTi services in 2024, creating a wholly-owned subsidiary focused on conducting target validations. Organizations develop science-based targets and submit them to SBTi Services, which in turn checks that the emissions reduction targets are aligned with the most…
Spanish bank BBVA announced a significant increase in its sustainable finance activity in the first quarter of 2026, channeling €36 billion into sustainable business in the quarter, up by 33% over the same period last year. The results indicate continued momentum for the Spanish bank’s sustainable finance business, with BBVA reporting earlier this year that it channeled a record €134…
Life science company Bayer and energy giant bp announced that they have entered a long-term agreement to jointly scale the development and commercialization of the camelina crop under Bayer’s newgold brand, aimed at enabling increased production of biodiesel, renewable diesel and sustainable aviation fuel (SAF). Biofuels are produced from renewable organic materials such as corn, soy, canola, and alternative oilseed…
New York Governor Kathy Hochul announced an agreement with state legislators on the 2027 State budget, which will include significant changes to New York’s climate goals, including pushing back an already-passed date to adopt emissions reduction regulations, and replacing a 2030 economy-wide GHG emissions reduction goal with a new 2040 target. The new budget deal follows warnings from Hochul earlier…
The governments of China and Brazil and the European Commission announced the launch of the Open Coalition on Compliance Carbon Markets, a new international initiative aimed at strengthening global cooperation on carbon pricing. Carbon markets are among the key tools used by governments to advance decarbonization efforts, typically by setting a declining cap on emissions and requiring companies to hold…
Climate solutions and sustainable infrastructure investment firm HA Sustainable Infrastructure Capital (HASI) and alternative asset manager KKR announced the expansion of the investment capacity of their clean energy infrastructure-focused co-investment platform, CarbonCount Holdings 1 (CCH1), through the issuance of $508 million in senior unsecured notes in a private offering. CCH1 intends to use the proceeds to acquire or invest in…
This week in ESG news: European Commission proposes finalized sustainability reporting standards; SEC takes first steps to scrap corporate climate reporting rules; Morgan Stanley survey finds growing interest in sustainable investing despite political pushback; EU lawmakers to push for tougher ESG fund labelling rules; Trump administration sues New York Times over DEI policies; IBM launches carbon accounting solution for spreadsheet…