This week in ESG news: SEC pauses its new climate disclosure rules; JPMorgan, Citi and RBC agree to disclose new climate finance metric; Deloitte survey finds sharp increase in investors implementing sustainable investment policies; Biden awards $20 billion to boost clean energy financing for low income communities; EY launches new sustainable finance hub; U.S. Steel to capture 50,000 tons of carbon at steel plant; MUFG triples its sustainable finance goal on strong demand; ESGgo launches AI-powered sustainability reporting solution; Shell appeals court ruling holding it responsible for customers’ emissions; capital raises for ESG investing data, biofuel tech, renewable energy; Morgan Stanley acquires energy transition advisory and solutions provider, 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

IKEA Foundation Invests $100 Million to Increase Access to electric Vehicles in Emerging Markets

Clean Energy Developer Solarig to Build $850 Million Sustainable Aviation Fuel Plant in Spain

U.S. Steel Launches Project to Capture 50,000 Tons of Carbon per Year at Steel Plant

Phillips 66 Converts Oil Refinery to Produce Only Renewable Fuel

Shell Appeals Court Ruling Ordering it to Slash Emissions by 2030

Southwest Airlines Acquires DOE-Backed Sustainable Aviation Fuel Startup SAFFiRE Renewables

Government & Regulators

Biden Administration Announces $20 Billion of Awards to Finance Clean Energy Projects in Low-Income Communities

Biden Administration Allocates $4 Billion Tax Credits to Drive Clean Energy Supply Chain

ESG Reporting

SEC Pauses Climate Disclosure Rules Amidst Legal Challenges

ESG Services and Tools

EY Launches Sustainable Finance Hub to Help Financials Meet New ESG Reporting, Regulatory Requirements

ESGgo Launches AI-Powered Sustainability Reporting Solution

Sustainable Finance

JPMorgan, Citi, RBC Reach Deals with NYC to Disclose New Climate Finance Metric

MUFG Triples 2030 Sustainable Finance Target to $660 Billion on Strong Demand

Private Equity & Venture Capital

Cleantech Startup Terragia Raises $6 Million to Advance Biofuel Production Tech

Climate & Biodiversity Data Provider Iceberg Data Lab Raises $10 Million to Fund Expansion

Morgan Stanley Acquires Energy Transition Solutions Provider Resource Innovations

Goldman Sachs Renewables Spinout MN8 Raises $325 Million

ESG Investing

80% of Global Investors Now Have Sustainable Investment Policies in Place: Deloitte/Tufts Survey

Bloomberg Launches New Suite of “Climate Tilted” Versions of Government Bond Indices

UBS Launches New Net Zero-Aligned S&P 500-Based ETF