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Clean Fuel Startup Amogy Raises $80 Million to Decarbonize Shipping, Power Generation
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Clean fuel tech startup Amogy announced that it has raised an additional $23 million in venture financing, expanding its funding round announced earlier this year to $80 million. Founded in 2020, Brooklyn, New York-based Amogy offers ammonia-based, emission-free, high energy-density power solutions aimed at decarbonizing hard-to-abate sectors such as heavy-duty transportation, maritime, power generation, and…
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EU Ombudsman Presses Commission Over Lack of Procedures in Launching Omnibus Proposal to Scale Back Sustainability Requirements
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EU Ombudsman Teresa Anjinho announced that she has asked the European Commission to provide explanations regarding its failure to follow a series of procedural steps to launch its “Omnibus” initiative to simplify and reduce corporate sustainability reporting and due diligence requirements. The information request, sent in a letter to EU Commission President Ursula von der…
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Iberdrola Signs Deals for More than $7.5 Billion in Green, Sustainability-Linked Financing
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Global energy and electricity provider Iberdrola announced a series of new sustainable finance transactions, raising €6.6 billion (USD$7.7 billion), including €4.1 billion of green financing for the construction of the UK’s East Anglia THREE, one of the largest offshore windfarms in the world, and a new €2.5 billion sustainability-linked credit line with an international consortium…
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ECB Says Banks are Getting Better at Managing Climate, Nature Risks
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Banks in the EU have made “significant strides” in addressing and managing climate and nature-related risks, according to European Central Bank (ECB) Executive Board Member and Supervisory Board Vice-Chair Frank Elderson, with major increases in advanced practices in place to identify, monitor these risks made by banks in just the past few years. While noting…
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Microsoft Signs One of Largest-Ever Carbon Removal Deals with Biomass Waste Management Startup Vaulted Deep
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Microsoft and waste management solutions startup Vaulted Deep announced today a new long-term offtake agreement, with Vaulted Deep delivering up to 4.9 million tonnes of durable carbon dioxide removal over 12 years through its process of storing organic waste deep underground, marking one of the largest-ever carbon removal deals globally to date. Spun out of…