The ESG industry outlook on 2024: Climate disclosure rules, proxy voting and more

The upcoming year will determine how national and international regulation, shareholder rights and proposal approvals, and scope 3 reporting influence the ESG landscape.

By Zoya Mirza , Lamar Johnson • Jan. 30, 2024

Developers rebid offshore wind contracts in New York’s fourth solicitation as Equinor and BP split

Sunrise Wind developer Ørsted also plans to split from project partner Eversource and acquire its 50% stake in the project, if the state approves its proposal.

By Diana DiGangi • Jan. 30, 2024

Ocean carbon capture startup Captura raises $21M

The company plans to begin operating its technology at a commercial scale following a fall pilot plant deployment, currently in development with energy company Equinor.

By Lamar Johnson • Jan. 24, 2024

$104M for clean energy projects in 31 federal buildings announced by DOE

The selected projects are expected to save over $29 million in energy and water costs, generating an additional 27 megawatts of clean energy capacity, the U.S. Department of Energy says.

By Nish Amarnath • Jan. 24, 2024

BCG, 1PointFive ink carbon capture removal credits deal

BCG will also collaborate with 1PointFive through consulting services, which include developing business processes that back direct air capture carbon removal credits.

By Zoya Mirza • Jan. 19, 2024

Recycling tech company Resynergi secures $6.4M to accelerate plastic circularity

The funding will help scale the company’s Continuous Microwave Assisted Pyrolysis reactor, which generates clean products with a 68% reduction in carbon dioxide equivalent.

By Zoya Mirza • Jan. 16, 2024

Hertz reverses course on electric vehicles

The company, which once said EVs would account for a quarter of its rental fleet by 2025, is selling some 20,000 electric vehicles and replacing them with gas-powered cars.

By Dan Zukowski • Jan. 16, 2024

Sphera acquires SupplyShift to improve scope 3 tracking capabilities

The deal comes as companies across the globe are facing increased regulatory pressure to report on their scope 3 emissions and carbon footprint.

By Zoya Mirza • Jan. 12, 2024

How 3 states are attacking carbon emissions from transportation

While 21 states sued the federal government over its new rule requiring transportation emission reduction targets, others are forging ahead to clean up the sector.

By Dan Zukowski • Jan. 10, 2024

Spearmint Energy brings its first Texas battery energy storage plant online

The company’s 300 megawatt Revolution project marks the debut for one of the largest battery storage companies in one of the largest battery storage markets in the nation.

By Lamar Johnson • Jan. 9, 2024

Qcells, Microsoft expand solar panel supply partnership

The new agreement could provide enough solar energy to power up to 1.8 million homes a year.

By Sara Samora • Jan. 9, 2024

SEC rules Disney, Apple can’t dodge AI shareholder proposals

The entertainment and tech conglomerates must vote on the AFL-CIO’s request for the companies to disclose their AI standards, setting the stage for more AI votes this proxy season.

By Lamar Johnson • Jan. 8, 2024

LG Energy unveils 10 grid-scale battery storage projects for 2024

The company said the investments coincided with the passage of the Inflation Reduction Act, which included significant investments in renewable energy.

By Lamar Johnson • Updated Jan. 8, 2024

Amazon to generate hydrogen onsite with Plug Power’s electrolyzer system

The hydrogen generated at Amazon’s Colorado fulfillment center will power forklift trucks and help lower emissions.

By Zoya Mirza • Jan. 4, 2024

Amazon to trial Mercedes-Benz hydrogen fuel-cell trucks in 2024

Daimler Truck will deploy the GenH2 trucks for their first customer fleets, serving Amazon, Holcim, Air Products and others on long-haul tests in Germany.

By Iulia Gheorghiu • Dec. 22, 2023

How IBM’s Sustainability Accelerator’s latest cohort is tackling water management

IBM Sustainability and Social Innovation Leader Michael Jacobs talks about the social impact program’s goals and how it uses its technology to improve environmental issues in vulnerable communities.

By Lamar Johnson • Dec. 19, 2023

Clean energy developer energyRe raises $1.2B for expansion

The company said it will use the new capital to expand its renewable energy portfolio and advance its goals of decarbonizing cities in the U.S.

By Lamar Johnson • Dec. 14, 2023

Microsoft signs multiyear carbon removal agreement with Norwegian startup

The partnership with Inherit Carbon Solutions will help the software systems company work toward its goals of becoming carbon negative by 2030.

By Zoya Mirza • Dec. 14, 2023

Arizona’s chief utility regulator bashes ESG, says it’s not a factor when weighing utility plans

Solar and wind resources may be cheaper, but the head of the Arizona Corporation Commission said fossil fuels “will continue to play a critical role in the delivery of reliable, affordable power.”

By Robert Walton • Dec. 14, 2023

Bill Gates-backed sustainable energy firm commits $75M to e-fuels company Infinium

Project Roadrunner will also collaborate with American Airlines to produce sustainable aviation fuel and other low-carbon fuels.

By Zoya Mirza • Dec. 7, 2023

UN, Microsoft team up to create AI platform and global climate data hub

The tech company’s tools aim to help UNFCCC and its member states plot carbon reduction strategies with simulations, benchmarks and data visualizations.

By Zoya Mirza • Dec. 5, 2023

American Airlines inks deal with Bill Gates-backed carbon removal startup

The Fort Worth-based airline is the first commercial customer for Graphyte and is purchasing 10,000 tons of carbon removal credits.

By Zoya Mirza • Nov. 29, 2023

Bloomberg tool to map data based on UN Sustainable Development Goals

The company said the enterprise tool is the first to allow investors to assess how corporations are impacting the UN’s 2030 agenda.

By Lamar Johnson • Nov. 28, 2023

Deloitte, EY partner with tech to accelerate clients’ sustainability goals

Deloitte is linking up with IBM, while EY collaborates with AspenTech, as the two consulting firms look for software tools to help mitigate companies’ carbon footprint.

By Zoya Mirza • Nov. 28, 2023

ESG and sustainability conferences to keep on your radar for 2024

Upcoming events will cover sustainable finance, corporate strategy and governance, climate change, supply chain, social impact and more.

By Zoya Mirza , Lamar Johnson • Updated June 7, 2024