Finance
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Ian Forsyth via Getty Images
Atlantic Shores Offshore Wind asks to terminate project’s renewable energy credits
The New Jersey OREC termination is “the closing of a chapter, but not the end for Atlantic Shores,” CEO Joris Veldhoven said.
By Diana DiGangi • June 12, 2025 -
Christopher Furlong via Getty Images
Transferability is transforming clean energy project finance, say dealmakers
The ability to transfer tax credits has allowed for new investors, new structures and faster deals, experts say, but is threatened by congressional budget proposals.
By Diana DiGangi • June 10, 2025 -
Anna Moneymaker via Getty Images
Local leaders warn U.S. Senate not to pull the plug on clean energy credits
Bipartisan coalition says proposed cuts in the One Big Beautiful Bill Act would threaten jobs and local investments, raise energy costs and create economic uncertainty.
By Robyn Griggs Lawrence • June 10, 2025 -
Sean Gallup via Getty Images
GOP lawmakers reiterate asks for clean energy credit tweaks in reconciliation bill
Rep. Jen Kiggans, a Virginia Republican, said “there remains significant room for improvement in preserving the clean energy tax credits” in the Senate’s version of the budget bill.
By Lamar Johnson • June 9, 2025 -
Eric Kayne via Getty Images
Climate change will cost your healthcare plan. Analysts want to know how much.
Extreme weather, rising temperatures and increased air pollution all threaten employee health — but executives and finance teams may not be paying attention.
By Ryan Golden • June 9, 2025 -
hapabapa via Getty Images
Honeywell, Samsung subsidiary, others create SAF Technology Alliance
The SAF Technology Alliance will create an end-to-end integrated solution to turn waste from a feedstock into sustainable aviation fuel to help scale the industry.
By Lamar Johnson • June 6, 2025 -
Courtesy of Clinton Clean Energy Center Stock Photos and B-Roll
Meta, Constellation ink 20-year nuclear power deal to support AI goals
The power purchase agreement will also extend operations at Constellation’s Clinton Clean Energy Center in Illinois for two decades and replace an expiring state tax credit.
By Lamar Johnson • June 5, 2025 -
Michael M. Santiago via Getty Images
BlackRock removed from Texas divestment list after climate alliance exits
Texas’ comptroller said BlackRock is no longer considered to be “boycotting” fossil fuels and its change in climate alliance participation was “directly related” to the state’s divestment list.
By Lamar Johnson • June 4, 2025 -
Spencer Platt / Staff via Getty Images
Citi drops firearms restriction in a bow to GOP pressure
The bank updated a 7-year-old policy, enacted after the Parkland school shooting, over concerns about “fair access” months after Republicans accused some institutions of political de-banking.
By Dan Ennis • June 4, 2025 -
Oli Scarff via Getty Images
Barclays mobilized over $687M in climate tech investments since 2020: report
The British bank’s climate investment arm has a mandate to invest half a billion pounds into equity capital in climate tech startups between 2020 and 2027.
By Zoya Mirza • June 3, 2025 -
lucky-photographer via Getty Images
Vanguard to add four more funds to investor proxy choice program
The expansion would make nearly 10 million investors eligible for the program, which will span 12 funds representing nearly $1 trillion in assets under management.
By Lamar Johnson • June 3, 2025 -
Permission granted by Cedric Craig for DC Climate Week
Q&AHow Washington D.C.’s first climate week came together
Behind the scenes with DC Climate Week co-founders C’pher Gresham and Vid Mićević on how they, and over 200 volunteers built towards the first weeklong climate event in the nation’s capital.
By Lamar Johnson • June 2, 2025 -
Ron and Patty Thomas via Getty Images
DOE cancels $3.7B in carbon capture, decarbonization awards
Calpine, PPL Corp., Ørsted and Exxon Mobil are among the companies affected by the decision.
By Ethan Howland • June 2, 2025 -
iStock Editorial via Getty Images
Labor Dept. drops Biden-era ESG fiduciary rule
The agency will no longer defend the rule allowing retirement plan managers to consider ESG factors and intends to work through a new rulemaking process on the topic “as expeditiously as possible.”
By Lamar Johnson • May 29, 2025 -
Kevin Dietsch via Getty Images
FTC, DOJ weigh in on Republican states’ coal antitrust case against ‘Big Three’ asset managers
The federal agencies urged the court to reject BlackRock, Vanguard and State Street’s motion to dismiss the lawsuit brought by Texas AG Ken Paxton and 10 other states.
By Lamar Johnson • May 28, 2025 -
Michael M. Santiago via Getty Images
BlackRock’s GIP to buy controlling stake in Eni carbon capture business
Global Infrastructure Partners is aiming for a 49.99% controlling stake in the Italian energy major’s carbon capture and storage holdings.
By Zoya Mirza • May 27, 2025 -
Kent Nishimura via Getty Images
House-passed budget bill sparks concerns from clean energy industry
While the nuclear industry saw some positive changes from a committee-passed version, further updates to the IRA structure prompted concerns from clean energy and sustainable investing groups.
By Lamar Johnson • May 27, 2025 -
Yaya Ernst via Getty Images
House’s 60-day deadline for IRA eligibility would trigger ‘scramble’: EY experts
“From a commercial perspective, it's not a unilateral decision most of the time on whether you can begin construction,” said Greg Matlock, a tax leader at EY Americas.
By Diana DiGangi • May 27, 2025 -
Sean Gallup via Getty Images
GOP supporters of IRA clean energy credits outline reconciliation bill recommendations
Fourteen Republicans asked to maintain the tax credit transferability mechanism through the phase-out period and make two other adjustments to the clean energy tax credit changes.
By Lamar Johnson • May 19, 2025 -
Courtesy of Honda Canada Inc.
Honda postpones $11B EV production investment in Canada
The automaker is delaying the plan by at least two years while seeking increased production in the U.S. for multiple models to avoid tariffs.
By Eric Walz • May 19, 2025 -
Spencer Platt via Getty Images
Congressional Dems press US financial institutions on climate alliance exits
“Leaving doesn’t eliminate climate-related financial risk; instead, it diminishes your capacity to monitor and address that risk collaboratively,” a letter from over 40 lawmakers said.
By Lamar Johnson • May 16, 2025 -
Maddie Meyer / Staff via Getty Images
Q&AWhy a former ESG skeptic is teaching fiduciaries impact investing at MIT
“Not all impact investments are created equal,” said Andrew Lo, a MIT Sloan School of Management professor. “One needs to focus very specifically on what kind of impact they'd like to achieve.”
By Lamar Johnson • May 15, 2025 -
Permission granted by Cedric Craig for DC Climate Week
Financing gaps for biodiversity conservation persist as corporations look to nature-based solutions
While more corporations have invested in conservation and nature-based carbon credits, experts at DC Climate Week said there are hurdles to closing the funding gap.
By Lamar Johnson • May 14, 2025 -
Win McNamee via Getty Images
House GOP proposes early phaseout of IRA clean energy tax credits
The House Ways and Means Committee’s draft budget scales back the technology-neutral clean energy investment and production tax credits while leaving carbon capture credits largely intact.
By Brian Martucci • May 13, 2025 -
Michael M. Santiago via Getty Images
Google announces deals for nuclear projects, cutting superpollutants
The deals with Elementl Power, Recoolit and Cool Effect will provide early stage financing for three nuclear energy projects and eliminate 25,000 tons of superpollutants from the atmosphere.
By Lamar Johnson • May 12, 2025
