A federal court in Australia released a ruling today, finding that Vanguard Investments Australia was guilty of making misleading claims about one of its ESG funds, including failing to exclude investments in companies with fossil fuel activities from the fund as claimed in its communication materials and disclosures. The suit against Vanguard was launched last year by Australia’s corporate, markets,…
Energy services and technology company SLB announced today an agreement to acquire a majority stake in carbon capture technology company Aker Carbon Capture for $380 million, and form a new carbon capture joint venture, in a deal the companies said is aimed at supporting industrial decarbonization at scale. Spun out of energy services company Aker Solutions in 2020, Norway-based Aker…