1PointFive, the carbon capture, utilization and sequestration (CCUS)-focused subsidiary of energy giant Occidental (Oxy) announced a new agreement with global management consulting firm Bain & Company for the purchase of 9,000 metric tons of carbon dioxide removal (CDR) credits over three years. The CDR credits for the new agreement will be generated using direct air capture (DAC) technology from 1PointFive’s…
Microsoft announced the launch of its new Community-First AI Infrastructure initiative, outlining a series of five key commitments focused on building and operating datacenters responsibly as the company continues to build out its AI infrastructure footprint. According to a post announcing the initiative by Microsoft President Brad Smith, the new plan commits the company to “concrete steps needed to be…
Denmark-based energy developer Ørsted announced that a U.S. District Court has issued a preliminary injunction against an order by the Trump administration to halt work on Revolution Wind, a nearly complete multi-billion dollar offshore wind project off the coast of Rhode Island, enabling work on the project to resume. Revolution Wind is a 50/50 joint venture between Ørsted and BlackRock’s…
A significant majority of investors and financial institutions believe that the recently released proposed simplified European Sustainability Reporting Standards (ESRS) will negatively impact the quality of sustainability information that they receive from companies, citing concerns including reduced comparability and loss of critical climate and environmental data, according to a new study released by the European Financial Reporting Advisory Group (EFRAG),…
By: Louise Heffernan (The Nature Conservancy) and Tim Steinweg (Principles for Responsible Investment) 2025 proved one thing: investors aren’t waiting for governments to solve deforestation. Even as COP30 failed to deliver a new global deforestation roadmap, investor activity quietly surged – setting the stage for further momentum for 2026. Bucking a trend During a difficult year for climate investor coalitions,…
thyssenkrupp Materials Processing Europe announced that it has signed a multi-year agreement with Swedish green iron and steel maker Stegra to purchase non-prime steel from Stegra’s new facility in Boden, Sweden. Stegra, founded in 2020, is developing its first large-scale green steel plant in Sweden. The company produces steel using hydrogen derived from renewable electricity and fully renewable energy sources…
Sustainable fuels technology company Aether Fuels announced it has raised $15 million in convertible note financing, with proceeds aimed at accelerating the development of its first commercial-scale sustainable aviation fuel (SAF) facility in Singapore. Founded in 2022, Aether is developing technology aimed at decarbonizing aviation and maritime transport through the production of sustainable liquid fuels. The company’s Aurora technology creates…
Denmark-based energy developer Ørsted has appointed Anders Johannes Enghild as its new Head of Global Sustainability, responsible for leading its team of climate, nature, and community impact specialists in enhancing the integration of sustainability into the company’s renewable energy projects. Enghild takes on the new position after more than 5 years at Ørsted, most recently serving as Head of Climate,…