This week in ESG news: KPMG survey finds most M&A dealmakers have cancelled deals on ESG due diligence findings; Blackstone raises $7 billion for energy transition fund; S&P removes ESG scores from credit ratings; U.S. invests over $1 billion in carbon removal projects; BlackRock, New Zealand partner to launch climate infrastructure fund; California launches clean hydrogen strategy; Fitch study finds green bond allocations overlooking climate adaptation; Goldman invests in U.S. biogas platform; capital raises for sustainable water, chemical, microplastics solutions, and more.

See below for the highlights of the past week, and get all your ESG news at ESG Today:

Sustainability Goals, Initiatives and Achievements

FMC Commits $30 Million to Global Zero Hunger Goal

Rio Tinto to Supply Iron Ore to H2 Green Steel for Low Carbon Steel Production

Mitsubishi, Suntory and ENEOS to Launch Biomass-Based PET Bottle Supply Chain

Guest Post: Five Steps Small Businesses Can Take Toward Sustainability

Government & Regulators

U.S. Grants $1.2 Billion to Develop Oxy, Climeworks Carbon Removal Projects

Canada Releases Clean Electricity Regulations Targeting a Net Zero Grid by 2035

California Launches Strategy to Scale Up Clean Hydrogen Economy

ESG Reporting & Disclosure

Guest Post – ESRS: A New Chapter in Sustainability Reporting

ESG Services and Tools

Guest Post: A New Seat for Tax at the Sustainability Table

S&P Removes ESG Indicators from Credit Rating Reports

LSEG Partners with Siglar to Enable Shippers to Integrate Carbon Cost into Shipping Decisions

Sustainable Finance

Sustainable Bond Proceeds Disproportionately Allocated to Climate Mitigation over Adaptation: Fitch

ESG Investing

Nuveen Launches $525 Million Sustainable Commercial Real Estate Lending Fund

New Zealand, BlackRock Launch $1.2 Billion Climate Infrastructure Fund to Accelerate Energy Transition Goals

Private Equity & Venture Capital

Cleantech Startup Matter Raises $10 Million to Apply Microplastics Removal Tech to Industry

Blackstone Raises $7 Billion for Largest-Ever Private Credit Energy Transition Fund

Private Equity Investor GEF Raises Over $200 Million for Brazil-Focused Climate Solutions Fund

Sustainable Industrial Water Solutions Startup Membrion Raises $12.5 Million

Goldman Sachs Invests in Renewable Natural Gas Platform Synthica

Sustainable Chemicals Startup Dioxycle Raises $17 Million

AXA IM Acquires 25% Stake in Renewables Platform Finerge

Sustainable Materials Provider Newlight Raises $125 Million

Exec Moves

Barclays Appoints James Edmonds as Global Head of Sustainable Project Finance

Reports, Studies & Surveys

Over Half of M&A Dealmakers Have Cancelled Deals on ESG Due Diligence Findings: KPMG Survey