Sustainability: Page 20
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SunPower’s bankruptcy does not imply similar fates for competing solar companies, analyst says
Higher interest rates hit SunPower harder than competitors like Sunnova and Sunrun because it relied more on solar financing from loans versus third party options, said Raymond James analyst Graham Price.
By Diana DiGangi • Aug. 19, 2024 -
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Meta to procure 374 MW of clean energy from RWE solar farms
The tech conglomerate has signed two power purchase agreements with the German energy company to build on its sustainability goals.
By Zoya Mirza • Aug. 16, 2024 -
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Federal judge issues permanent injunction on Missouri anti-ESG rules
The court ruled that a pair of the state’s rules on socially responsible investing are preempted by national laws covering securities and pensions — and also unconstitutional.
By Lamar Johnson • Aug. 16, 2024 -
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United Airlines gets sustainable fuel greenwashing lawsuit tossed
A federal court dismissed a class-action suit brought against the airline that alleged it deceptively advertised its sustainable aviation fuel efforts.
By Lamar Johnson • Aug. 15, 2024 -
Courtesy of LG Energy Solution
Market headwinds force owners to hit the brakes on EV projects
Financing woes, soaring material prices and waning demand are causing auto and battery makers to delay jobs, even those that have already started.
By Sebastian Obando • Aug. 15, 2024 -
Spencer Platt via Getty Images
UN urged to include fossil fuel phase-out in climate pact
A group of 77 Nobel laureates and global leaders said it was “gravely concerned” that the latest iteration of the Pact for the Future did not mention fossil fuels at all.
By Zoya Mirza • Aug. 14, 2024 -
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Standard Chartered unveils account linking clients’ rates to their ESG performance
The corporate banking product will be first piloted in the bank’s Hong Kong and Singapore markets before a further rollout “in due course.”
By Lamar Johnson • Aug. 14, 2024 -
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Ebon Solar to build $942M New Mexico plant
The manufacturer is the second company to make a massive investment in Albuquerque’s solar sector.
By Sara Samora • Aug. 14, 2024 -
FangXiaNuo via Getty Images
Anti-ESG proposals drove the increase in ESG proxy submissions: Morningstar
“For the first time, the growth in new resolutions was dominated by proposals from ‘anti-ESG’ filers,” per Morningstar Sustainalytics’ director of stewardship research and policy.
By Lamar Johnson • Aug. 13, 2024 -
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Standard Chartered scores $235M green loan for Texas solar plant
The six-year loan will back the development of a 1.35 million square foot plant which will be operated by renewable energy company Trinasolar.
By Zoya Mirza • Aug. 13, 2024 -
Justin Sullivan/Getty Images via Getty Images
EPA unveils labels for green construction materials
The program will support the Biden administration’s Buy Clean Initiative to boost lower-carbon building products on federal projects.
By Julie Strupp • Aug. 13, 2024 -
Chris Hondros via Getty Images
Goldman Sachs latest to depart Climate Action 100+
The firm’s exit follows other high-profile financial institutions that quit CA100+ earlier this year, including JPMorgan Asset Management and State Street Global Advisors.
By Zoya Mirza • Aug. 12, 2024 -
Permission granted by Living Ink Technologies
Alternative inks and coatings aim to increase recyclability and aid sustainability goals
Recent state legislation seeking to limit carbon black hasn’t progressed yet, but companies are already seeing demand for different approaches using algae, magnetic coatings and more.
By Hollie Stephens • Aug. 12, 2024 -
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Blackstone acquires majority stake of renewables engineering firm
While the terms of the deal with Westwood Professional Services were not disclosed, a Blackstone exec said its transition business has committed $1.3 billion in investments since June.
By Lamar Johnson • Aug. 9, 2024 -
Drew Angerer via Getty Images
Microsoft builds on sustainability suite with new ESG reporting tool
The new tool allows companies to streamline, simplify and accelerate their reporting process and offers templates for a broad range of ESG standards and frameworks.
By Zoya Mirza • Aug. 9, 2024 -
Courtesy of Qcells
Qcells scores $1.4B DOE loan guarantee for Georgia solar factory
The facility is expected to create 1,950 jobs and slated to produce 3.3 gigawatts of solar panels per year.
By Kate Magill • Aug. 9, 2024 -
Sean Gallup via Getty Images
Carbon market governing body tightens standards for renewable energy credits
The Integrity Council for the Voluntary Carbon Market said carbon credits issued under existing renewable energy methodologies won’t qualify for its Core Carbon Principles label.
By Zoya Mirza • Aug. 8, 2024 -
Justin Sullivan via Getty Images
SunPower files for bankruptcy, plans to sell or wind down remaining operations
Facing a “severe liquidity crisis,” the leading residential solar installer must sell its assets to pay down more than $2 billion in debts, officials said.
By Emma Penrod • Aug. 8, 2024 -
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Biden administration appealing injunction against LNG pause
A district court judge dismissed 11 of 16 charges against the administration but restricted it from further halting or pausing approvals for new liquefied natural gas export terminals.
By Lamar Johnson • Aug. 7, 2024 -
Lukas Schulze via Getty Images
New initiative aims to solidify carbon removal standards
The Carbon Removal Standards Initiative seeks to provide policymakers and regulators with “financially unconflicted advice” to monitor and develop standards for the industry.
By Zoya Mirza • Aug. 7, 2024 -
Andrey Popov via Getty Images
AI could halt energy use growth in US buildings: LBNL study
Combined with policy measures and low-carbon generation, building carbon emissions can decline over 90% by 2050 compared with business-as-usual scenarios, according to national lab researchers.
By Joe Burns • Aug. 7, 2024 -
Bennett Raglin via Getty Images
Bill Gates-backed energy investment firm pulls in $839M for new climate fund
Breakthrough Energy Ventures’ third fund will have an investment focus similar to that of its predecessors and target five key areas in climate innovation, including energy and transportation.
By Zoya Mirza • Aug. 6, 2024 -
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JetBlue inks SAF deal for JFK flights
The airline signed a 12-month deal to procure sustainable aviation fuel from a Valero Energy Corporation subsidiary to reduce its emissions at the New York airport.
By Zoya Mirza • Aug. 5, 2024 -
Kevin Dietsch via Getty Images
House Republicans issue final ESG Working Group report
The Republican group housed within the House Financial Services Committee said the current proxy system is “an environment ripe for abuse.”
By Lamar Johnson • Aug. 5, 2024 -
Ingredients in peril due to climate change
As global temperatures shift and weather events devastate agricultural land, some ingredients and crops are in jeopardy. One expert shares advice.
By Elizabeth Flood • Aug. 5, 2024
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