LowCarbon

Danish Investor Successfully Raises $1.2 Billion for Ambitious Renewable Energy Fund

20 days ago

In a significant step for sustainable investment, Danish investor Ørsted has successfully established a new renewable energy fund, securing an impressive $1.2 billion in capital. This initiative aims to accelerate the transition to a low-carbon future by investing in a diverse range of renewable energy projects across the globe.

CalPERS Targets Chevron and Saudi Aramco as Climate Investment Risks

23 days ago

The California Public Employees' Retirement System (CalPERS), the largest public pension fund in the United States, has recently identified Chevron and Saudi Aramco as significant climate investment risks. This decision comes as part of a broader push for sustainable investment practices and a response to growing pressures regarding environmental, social, and governance (ESG) concerns.

Lloyds Bank's Low Carbon Advertising Under Scrutiny: A Misleading Approach, Says UK Watchdog

4 months ago

The UK's Advertising Standards Authority (ASA) has recently issued a verdict regarding a controversial advertisement from Lloyds Banking Group. The authority concluded that the bank's promotional campaign was misleading to consumers about its commitment to low-carbon alternatives. This significant ruling highlights the evolving landscape of advertising within the financial sector, especially concerning sustainability claims.

Exxon Mobil Ventures into Low-Carbon Power for Data Centers

4 months ago

In a strategic move to align with global sustainability goals, Exxon Mobil Corp. is actively exploring low-carbon energy solutions specifically tailored for powering data centers. As the demand for data storage and processing escalates, fueled by the digital transformation across various sectors, the energy giant acknowledges the necessity to adapt its energy offerings to reduce carbon emissions.

Cuts to Low-Carbon Spending: Chevron’s Strategic Shift in a Tightening Market

4 months ago

Chevron Corporation, a leading American multinational energy company, has announced a significant reduction in its low-carbon spending. The company plans to decrease its investments in this area by 25%, a decision that reflects a broader trend of financial restraint as the industry adapts to a challenging economic landscape.

AI Demand Challenges Low-Carbon Goals, Says Dominion Energy CEO

5 months ago

In a recent statement, Dominion Energy's CEO expressed concerns that the surging demand for artificial intelligence technologies could hinder efforts to achieve low-carbon energy goals. As companies increasingly integrate AI into their operations, the need for more energy is poised to rise sharply, presenting a formidable challenge for utility providers like Dominion, which are committed to reducing their carbon footprints.