Green

BMW Considers $600 Million Investment in UK Electric MINI Production

3 hours ago

In a significant strategic move, BMW is currently evaluating a potential investment of approximately $600 million aimed at ramping up the production of electric MINI vehicles at its UK facilities. This initiative appears to be aligned with the growing demand for electric vehicles (EVs) globally, as consumers increasingly shift towards sustainable transportation options. The automobile giant is weighing its options amidst a transforming automotive market, with this decision set to play a crucial role in its future operations and environmental objectives.

Ex-Goldman Banker Seeks Green Deals Ignored in Trump Era

1 day ago

In a timely move reflecting the evolving landscape of sustainable investments, former Goldman Sachs banker, now entrepreneur, is setting his sights on capturing lucrative green deals that were largely overlooked during the Trump administration. With an unwavering belief in the potential of environmentally conscious projects, this financier aims to reallocate capital towards eco-friendly initiatives that promise substantial returns and address pressing climate issues.

New Zealand Unveils Groundbreaking Carbon Capture Storage Policy to Combat Emissions

2 days ago

In a significant stride towards addressing climate change, New Zealand has announced a new policy that will allow for the implementation of carbon capture and storage (CCS) technologies. This innovative approach aims to drastically reduce the nation's greenhouse gas emissions and bolster its commitments to achieving carbon neutrality by 2050.

Brazil’s Ambitious Net-Zero Transition Estimated at $6 Trillion by 2050, Says BNEF

2 days ago

Brazil is poised to undergo a significant transformation in its energy landscape, with a new report from BloombergNEF (BNEF) suggesting that achieving a net-zero emissions target by 2050 will require investments totaling approximately $6 trillion. This financial commitment reflects Brazil's broader climate strategy, which aims to not only curb carbon emissions but also to transition towards a sustainable economy bolstered by renewable energy sources.

Anglo American Strikes Major Copper Mine Development Deal with Chile's Codelco

2 days ago

In a significant advancement for the global mining industry, Anglo American has officially announced a partnership with Codelco, the Chilean state-owned copper mining giant. This collaboration revolves around the development of a major copper mine located in the northern regions of Chile, an area known for its rich mineral resources and longstanding mining heritage.

New UK-Based Climate Group Emerges Amidst Banking Sector Withdrawal from Climate Commitments

2 days ago

In a noteworthy development on the climate action front, a new UK-based organization has been formed in response to the recent trend of banks stepping back from their commitments to address climate change. This coalition, named the “Climate Forward Coalition," aims to rally businesses and investors to uphold sustainability initiatives even as financial institutions reconsider their climate financing strategies.

Rio Tinto CEO Emphasizes Climate Goals as Profitable Business Strategy

3 days ago

In a bold statement that intertwines sustainability and profitability, Rio Tinto's CEO has reaffirmed that pursuing climate objectives remains a prudent business strategy, even amidst challenges. During a recent industry conference, the CEO pointed out that addressing climate change does not merely serve environmental interests; it can lead to enhanced profitability for companies willing to adapt.

BNP Paribas, Santander, and Barclays Lead the Charge in Reducing Financed CO2 Emissions

3 days ago

A recent report has brought to light the top financial institutions making significant strides in curbing financed carbon dioxide emissions. BNP Paribas, Santander, and Barclays have been identified as leaders in this crucial environmental effort. The ranking, which considers the carbon financing footprint of banks around the globe, highlights the growing importance of sustainable finance in combating climate change.

CDPQ and Systra Secure Major High-Speed Rail Project in Canada

3 days ago

In a significant boost to Canada's transportation infrastructure, a joint venture led by Canada Development Investment Corporation (CDPQ) and the engineering firm Systra has emerged victorious in the bidding process for a high-speed rail project. This ambitious initiative seeks to revolutionize the way Canadians travel between major urban hubs, promising a more efficient and environmentally-friendly alternative to traditional transportation methods.

Asian Banks Remain Committed to Net-Zero Goals Despite Wall Street's Withdrawal

3 days ago

In a significant development within the financial sector, several Asian banks have reaffirmed their allegiance to a global net-zero initiative even as major Wall Street institutions have opted to step back. This move emphasizes the ongoing commitment of these banks towards sustainability and tackling climate change, reflecting differing priorities and strategies across the global banking landscape.