Finance: Page 10
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Courtesy of Intersect Power
Google, Intersect Power to develop energy parks with $20B of renewables, storage
The tech giant has tapped the clean energy developer to provide renewable power to its planned, co-located data centers in the energy parks, which aim to ease power grid constraints.
By Ethan Howland • Dec. 11, 2024 -
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Goldman Sachs exits Net-Zero Banking Alliance
The bank said it would remain “focused on the increasingly elevated sustainability standards and reporting requirements imposed by regulators around the world.”
By Zoya Mirza • Dec. 10, 2024 -
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TrendlineTop 5 stories from ESG Dive
This year has shaped up to be a formative one for ESG, from the U.S. pulling out of major climate agreements to federal agencies recalibrating their approach to sustainability under the new administration.
By ESG Dive staff -
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Catona Climate, Compassionate Carbon team up to boost nature-based projects
The collaboration aims to restore and protect vast land areas across the Global South and remove millions of tonnes of carbon dioxide from the atmosphere.
By Zoya Mirza • Dec. 9, 2024 -
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L’Oréal Groupe spearheads supplier decarbonization fund
The Solstice program will help small and medium-sized enterprises access funding to advance scope 3 commitments.
By Kelly Stroh • Dec. 9, 2024 -
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COP29COP29: What the conference offered climate activists, developing nations this year
A retrospective on what the annual climate summit offered the over 55,000 delegates and negotiators that descended onto Baku, Azerbaijan.
By Zoya Mirza • Dec. 6, 2024 -
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Net-Zero Asset Owner Alliance calls for mandated scope 3 emissions disclosures
The UN-convened alliance also included a number of actions asset owners can immediately take to overcome current accounting challenges.
By Lamar Johnson • Dec. 5, 2024 -
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Trump’s SEC pick sparks concern from ESG, climate experts
The president-elect picked Paul Atkins for Securities and Exchange Commission chair, who experts expect to prioritize maximizing corporate returns over ESG considerations.
By Zoya Mirza • Dec. 5, 2024 -
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Meta seeks up to 4 GW of new nuclear power to help meet AI, sustainability objectives
The Facebook and Instagram parent aims to deploy new nuclear generation capacity to power its data centers beginning in the early 2030s, it said Tuesday.
By Brian Martucci • Dec. 5, 2024 -
Courtesy of ConnectDER announces Series D funding
BlackRock, Temasek venture leads $35M funding round for ConnectDER
The latest funding round led by Decarbonization Partners will help accelerate growth for the home solar power and EV adapter company.
By Lamar Johnson • Dec. 4, 2024 -
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Anti-ESG firm Strive launches direct indexing product
The firm said the new option will allow clients greater customization on their investments, “without regard to ESG or DEI restraints.”
By Lamar Johnson • Dec. 3, 2024 -
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Inflation Reduction Act changes ‘not a Day 1 priority’ for Trump, Congress: Crux
Though a full repeal of the 2022 climate law is unlikely, a Republican-controlled legislature could repeal or phase out some of its individual provisions beginning next year, policy experts said.
By Brian Martucci • Dec. 3, 2024 -
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BNP Paribas’ asset management arm to exclude new oil and gas bonds
The updated investment strategy comes approximately a year after BNP Paribas Group began refraining from participating in bond issuance by such companies.
By Zoya Mirza • Dec. 2, 2024 -
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Q&AHomium’s new chief impact officer wants to build a homeownership asset class
Marcus Martin joined the sustainable homeownership financing firm earlier this month after spending the last four years leading the ESG practice for various divisions at U.S. Bank.
By Lamar Johnson • Nov. 27, 2024 -
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COP29Key takeaways from COP29: a contentious finance deal, carbon markets, more
The annual climate summit — which drew in over 55,000 participants from all over the world — concluded with a contentious climate finance deal and a pledge to bolster carbon markets.
By Zoya Mirza • Nov. 26, 2024 -
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HSBC sustainability chief to step down Dec. 31
The bank cut the sustainability role from its executive committee in an October reshuffle. HSBC on Monday also named an interim chief risk and compliance officer.
By Gabrielle Saulsbery • Nov. 25, 2024 -
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CalPERS over halfway to $100B climate goal, urged to stop buying Exxon bonds
The fund has invested $3.6 billion in climate solutions since 2023 and pledged another $3.2 billion in related investments.
By Lamar Johnson • Nov. 25, 2024 -
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COP29COP29 concludes with $300B climate finance deal critics deem as a ‘failure’
The climate summit ended with a goal to collectively provide “at least” $1.3 trillion in financing by 2035 to support climate-imperiled countries — which experts say falls short of what is actually needed.
By Zoya Mirza • Nov. 25, 2024 -
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US clean energy investments hit record-high in Q3: Rhodium
The industry saw $71 billion in investment in the quarter, as clean investments accounted for 5% of total private U.S. structure, equipment and consumer goods spending.
By Lamar Johnson • Nov. 22, 2024 -
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SEC’s Gensler to step down Jan. 20 after robust rulemaking, enforcement
In one of his most widely criticized moves, Gensler gained SEC approval this year for a regulation requiring companies to disclose the impact of climate change on their finances, operations and business strategy.
By Jim Tyson • Nov. 22, 2024 -
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Wells Fargo’s latest innovation cohort to focus on building decarbonization
Three startups were each awarded $250,000 to help tackle energy management and emissions reduction in buildings.
By Lamar Johnson • Nov. 21, 2024 -
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Audit committees expand oversight to ESG, cybersecurity, AI: EY
Nearly four out of five investors said boards should demonstrate expertise in climate, cybersecurity and other risks by detailing their work to limit such hazards, EY said.
By Jim Tyson • Nov. 21, 2024 -
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Oil quartet including BP, Shell invest $500M in energy access, clean cooking
Equinor and Total Energies will join the companies to invest in energy and cooking solutions in Sub-Saharan Africa and South and Southeast Asia to help meet the UN’s Sustainable Development Goal 7.
By Lamar Johnson • Nov. 20, 2024 -
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IRS finalizes direct pay rules, increasing access to IRA’s clean energy tax credits
Direct-pay-eligible entities like local governments, public school districts, churches and hospitals will more easily be able to jointly invest in clean energy projects under rules released Tuesday.
By Diana DiGangi • Nov. 20, 2024 -
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Vanguard’s updated investor proxy choice program includes anti-ESG voting option
Three new funds have been added to the program, and the firm also included an option for investors who want a “wealth-focused,” anti-ESG voting policy option.
By Lamar Johnson • Nov. 19, 2024 -
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JPMorgan unveils green financing ratio following shareholder proposal
The bank said it spent $1.29 on green solutions for every dollar spent on high-carbon activities in the disclosure prompted by a proposal submitted by NYC Comptroller Brad Lander.
By Lamar Johnson • Updated Nov. 18, 2024
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