climate
OPEC Fund okays $300 mn for funding Climate Action Plan
The OPEC Fund for International Development (the OPEC Fund) has approved more than $300 million in new financing in the first quarter of 2023 for funding...
climate
HSBC will stop funding new oil and gas fields
HSBC will stop funding new oil and gas fields and expect more information from energy clients over their plans to cut carbon emissions, as...
climate
Siemens Energy halves emissions in its operations
Siemens Energy said it improved in almost all areas of sustainability this past year, as reflected in its fiscal year 2022 Sustainability Report.
“Our mission...
climate
Essar Oil to build £360 mn carbon capture plant at its Stanlow refinery
Essar Oil UK plans to build a £360 million carbon capture plant at its Stanlow refinery to meet its goal of becoming a leading low...
climate
Climate finance tops COP27 agenda as talks focus on pledges
The 2022 United Nations Climate Change Conference (COP27) focused on implementing existing pledges rather than adopting stricter global emissions reduction targets, Moody’s said.
Aside from...
climate
Schneider Electric-backed SE Ventures plans €500 mn VC fund
SE Ventures -- backed by Schneider Electric -- announced a €500 million Fund II focusing on making VC investment in climate and industrial technology.
Fund II...
climate
COP27 deadline slips and negotiators now hope for the best
UN has revealed that negotiators are trying to make a final push for a deal at the COP27 climate talks in Egypt on Saturday,...
climate
COP27 did not make the necessary progress: GlobalData
The UN COP27 in Egypt did not make the necessary progress as last year’s COP26 agreement pact to work towards a 1.5C rise in...