Citi, BofA Join Goldman Sachs and Wells Fargo in Exiting Net Zero Banking Group
Financial giants Citigroup and Bank of America (BofA) have decided to exit the Net-Zero Banking Alliance (NZBA), a UN-backed coalition of banks dedicated to advancing...
New York to Charge Oil Companies $75 Billion to Pay for Infrastructure to Cope with Climate Change
New York State Governor Kathy Hochul announced the signing of the Climate Change Superfund Act, a new piece of legislation aimed at requiring fossil...
Wells Fargo Leaves Climate-Focused Banking Initiative
Wells Fargo has decided to exit the Net-Zero Banking Alliance (NZBA), marking the second major departure from the UN-backed coalition of banks dedicated to...
Fervo Energy Raises $255 Million to Deploy Geothermal Power Projects
Geothermal energy project developer Fervo Energy announced that it has secured $255 million in funding, including a $135 million corporate equity round, and $120...
Guest Post: Collaboration Drove Progress at COP29. Let’s Keep Up the Momentum
By: Mike Hayes, Climate Change and Decarbonization Leader at KPMG It’s just over a month since I returned home from the COP 29 summit...
ESG Today: Week in Review
This week in ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to...
Walmart to Miss 2025, 2030 Climate Targets
Walmart does not expect to hit its interim climate goals, including its targets to reduce operational greenhouse gas (GHG) emissions by 35% by 2025...
EV Infrastructure Provider JET Charge Raises $45 Million
Australia-based JET Charge, which supplies and installs chargers for electric vehicles, has raised AUD $72 million (USD $45 million) in a new funding round,...
Bill Gates-Backed Climate Solutions Fund Invests $40 Million in Canadian Carbon Removal Startup Deep Sky
Carbon removal project developer Deep Sky announced that it has secured a USD $40 million grant commitment from Breakthrough Energy Catalyst, a climate solutions-focused...
Outgoing Biden Administration Sets New 2035 U.S. Climate Goal
The Biden administration announced today the release of a new goal to reduce U.S. greenhouse gas emissions by 61% – 66% by 2035, on...