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Automotive giant Ford issued a harsh response to UK Prime Minister Rishi Sunak’s plan to push back the country’s ban on the sale fossil fuel-based cars, arguing that the move will undermine government consistency needed to enable investment in the industry’s transformation. The government, under former PM Boris Johnson, announced in 2021 that the UK […]
Platts, part of S&P Global Commodity Insights, the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, announced it is launching first-of-kind price assessments for Emissions-Adjusted (EA) Renewable Energy Certificates (RECs) through a collaborative data-licensing agreement with clean energy data-driven solutions provider REsurety. While renewable energy certificate markets are well […]
Climate tech startup UBQ materials announced that it has raised $70 million to scale up and drive the global expansion of its advanced materials made from waste. Founded in 2012, Tel Aviv, Israel-based UBQ Materials converts household waste, including organics and hard-to-recycle materials, into UBQ, a sustainable substitute for fossil-based plastics. According to the company, […]
New software is designed to empower energy industry to measure, manage, and operationalize insights to help reduce carbon emissions more accurately. Software engineered to help improve greenhouse gas (GHG) calculation accuracy on scope 1 gas turbines by as much as 33% using reconciliation algorithm and Digital Twin technology powered by machine learning (ML) and data […]
What Powered the World in 2022? This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on real assets and resource megatrends each week. In 2022, 29,165.2 terawatt hours (TWh) of electricity was generated around the world, an increase of 2.3% from the previous year. In this visualization, […]
This week in ESG news: Microsoft announces one of the largest-ever carbon removal deals; Amazon signs deal for low-carbon shipping; Bloomberg survey finds nearly all execs plan significant increase in ESG data investment; Nearly $2 billion raised for green steel buildout; Allianz to invest over $20 billion in cleantech, climate solutions; GRI aligns reporting standards […]
Union Pacific Corporation (NYSE: UNP) published its 2023 Green Bond Allocation and Impact Report, which outlines how proceeds from green bonds issued in September 2022 were used to help the railroad invest in its climate action goals. Union Pacific allocated 100% of the bond’s net proceeds of $590.8 million to eligible projects that support the corporation’s […]
Metals technology company Boston Metals announced today that it has raised $262 million at the close of its Series C fundraising, with proceeds from the financing to be used to accelerate its platform enabling decarbonized steelmaking. The company announced the first close of the funding round in January at $120 million. Demand for fossil-free steel […]
Morgan Stanley Investment Management’s (MSIM) private infrastructure platform Morgan Stanley Infrastructure Partners (MSIP) and logistics, marine and energy solutions company Crowley announced the launch of Crowley Wind Services Holdings, forming a new joint venture aimed at advancing offshore wind energy solutions for the U.S. The new joint venture will focus on repurposing and operating existing […]
Company Demos Google Meet on Android for Rally Bar Mini at Google Cloud Next Logitech (NASDAQ: LOGI) received the 2023 Google Cloud DEI Partner of the Year Award in North America at Google Cloud’s biggest event of the year, Google Cloud Next in San Francisco. At the event, the two companies also unveiled Google Meet […]