Sustainability: Page 28
-
Courtesy of Spiritus
Los Alamos-based Spiritus to launch large-scale carbon capture facility
The Orchard One facility aims to capture and sequester up to 2 megatons of carbon dioxide from the atmosphere annually, once operational.
By Zoya Mirza • March 19, 2024 -
Chip Somodevilla via Getty Images
Federal appeals court pauses SEC climate rule implementation
The climate disclosure regulation is now on pause pending a review from the U.S. Fifth Circuit Court of Appeals, as the first of multiple challenges yields action.
By Lamar Johnson • March 19, 2024 -
Courtesy of The Rockefeller Foundation
Q&ARockefeller Foundation’s new CFO: Climate crisis is a ‘big motivator’
Keith Olson took the finance reins of the 111-year-old philanthropic powerhouse earlier this month. He is an alum of the Bill & Melinda Gates Foundation.
By Maura Webber Sadovi • March 19, 2024 -
Justin Sullivan via Getty Images
Google pledges to buy $35M in carbon removal credits, matches DOE
The tech giant’s commitment builds on the Department of Energy’s initiative to scale the carbon removal purchase sector.
By Zoya Mirza • March 18, 2024 -
Sean Gallup via Getty Images
KKR announces $3B takeover of European renewable energy producer Encavis
The independent power producer said it will also up its 2027 operating capacity target to 7 gigawatts.
By Lamar Johnson • March 18, 2024 -
Permission granted by Clean Energy Fuels
Deep DiveHow a new wave of clean fuels bills could spur a biogas boom
New Mexico just became the fourth state to enact a program, which has the potential to give biogas projects from landfills and on-farm digesters a boost. Could more states soon follow?
By Jacob Wallace • March 18, 2024 -
Jeff J Mitchell via Getty Images
Shell dilutes energy transition strategy, scraps 2035 decarbonization goal
Despite scaling back some of its targets, the oil major said its goal to attain net-zero status by 2050 “remains at the heart of [its] strategy.”
By Zoya Mirza • March 15, 2024 -
Caiaimage/Caiaimage/Robert Daly via Getty Images
Support for ESG proposals fell by a third since 2021 record: Report
“Politics clearly had a role to play and cast a chill on the top end of proposal voting,” according to Sustainable Investments Institute Executive Director Heidi Welsh.
By Lamar Johnson • March 15, 2024 -
Courtesy of General Motors
GM hires former Tesla exec as head of manufacturing and sustainability
Jens Peter Clausen led efforts to scale the production of EV propulsion systems at the electric automaker’s Gigafactory 1 in Nevada.
By Eric Walz • March 15, 2024 -
Kena Betancur via Getty Images
Net-Zero Banking Alliance updates disclosure guidance, extends to capital markets
The UN-aligned group also stressed that all member banks should act and set climate targets independently, following a flurry of antitrust allegations.
By Lamar Johnson • March 14, 2024 -
Konoplytska via Getty Images
As You Sow stays the course with plastic reduction resolutions despite ESG headwinds
“I think this is a really difficult year for shareholder resolutions,” said Kelly McBee, circular economy manager at As You Sow. To date, its 2024 consumer packaging efforts target Altria, Amazon and others.
By Maria Rachal • March 14, 2024 -
NicoElNino via Getty Images
Determining if GHG is material to your company: KPMG’s ESG audit leader
Maura Hodge said companies will need to take a quantitative and qualitative approach to gauge whether to disclose scope 1 and scope 2 emissions.
By Lamar Johnson • March 13, 2024 -
FernandoAH via Getty Images
New York City bill would mandate solar panels on public buildings
The legislation would require 100 megawatts of solar photovoltaic systems to be installed on the roofs of city-owned buildings by the end of 2025, with a broader goal of 150 MW by 2030.
By Nish Amarnath • March 13, 2024 -
Chip Somodevilla via Getty Images
SEC’s climate disclosure rule: from proposal to approval
A look at the agency’s two-year journey to finalizing the rule amid a backdrop of conflicting opinions on its authority.
By Zoya Mirza , Lamar Johnson • March 13, 2024 -
Christopher Furlong via Getty Images
Unilever updates climate action plan, targets scope 3 emissions reduction
The consumer goods company said it plans to completely eliminate direct emissions and reduce indirect emissions by 42%, compared to a 2021 baseline, by the end of the decade.
By Zoya Mirza • March 12, 2024 -
Maddie Meyer via Getty Images
Massachusetts pension fund updates ESG proxy voting policies
The updates include additional information on how the state pension fund will vote on the “most important and scrutinized corporate governance topics among institutional investors.”
By Lamar Johnson • March 12, 2024 -
halbergman via Getty Images
Renewable energy M&A is entering a new paradigm, LevelTen Energy says
The latter half of 2023 saw a significant slowdown in M&A transactions, which LevelTen Energy believes signals a shift in strategy among renewable energy developers.
By Emma Penrod • March 12, 2024 -
Melanie Conner via Getty Images
Oregon retirement fund to divest $1B from coal industry under new bill
Alongside its decarbonization directives, the bill also states that divestments “must be accomplished without monetary loss to the investment funds.”
By Zoya Mirza • March 11, 2024 -
David McNew via Getty Images
Appeals court upholds oil permitting pause in California’s Kern County
The ruling sends the county back to the drawing board on both its environmental report and amendments to its permitting process for new oil and gas wells.
By Lamar Johnson • March 11, 2024 -
David Silverman via Getty Images
USDA counters claims over misuse of climate funds
An Environmental Working Group report says the majority of climate-smart agriculture funding go toward projects with no proven sustainability benefits.
By Nathan Owens • March 11, 2024 -
David McNew via Getty Images
SEC faces legal action from environmental groups over ‘significantly weaker’ climate rule
Sierra Club said it will also take action to defend the SEC’s authority to implement such a rule.
By Zoya Mirza • March 8, 2024 -
Patrick Smith via Getty Images
10 Republican-led states file lawsuit to block SEC’s climate disclosure rule
The challenge, led by West Virginia, was announced before the ink could dry on the agency’s final rule.
By Lamar Johnson • March 8, 2024 -
Chip Somodevilla via Getty Images
Conflicting views on SEC’s authority set the tone for climate disclosure rule vote
The newly-passed regulation faces criticism from supporters and detractors for not going far enough and going too far, respectively.
By Zoya Mirza , Lamar Johnson • March 7, 2024 -
Alex Wong via Getty Images
SEC approves final climate disclosure rule, starts compliance countdown
The rule passed by a 3-2 vote Wednesday morning, absent requirements for scope 3 reporting and slimmer scope 1 and scope 2 requirements.
By Lamar Johnson • March 6, 2024 -
Drew Angerer via Getty Images
SEC drops scope 3 from final climate rule, takes phased approach to scope 1 and 2 reporting
The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.
By Lamar Johnson • Updated March 6, 2024
Previous
