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Achmea Launches New €250 Million Private Equity Impact Fund
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Netherlands-based insurance and financial services company Achmea’s investment unit, Achmea Investment Management announced the launch of “Achmea IM PE Partnership Fund – Healthy People & Planet 2025,” a new private equity fund aimed at investing in key impact themes including climate, biodiversity, healthy nutrition and good health. Targeted at Dutch pension funds and other institutional…
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U.S. to Invest $500 Million in Battery Materials, Manufacturing and Recycling
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The U.S. Department of Energy (DOE) announced plans to provide nearly $1 billion in funding to bolster the production and supply of U.S.-based critical minerals and materials, with more than half to be channeled towards battery materials processing, manufacturing and recycling. According to the DOE, the new planned funding programs align with President Trump’s Executive…
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Apollo Acquires Kelvion to Tackle Data Center Cooling, Energy Transition Opportunities
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Global alternative investment manager Apollo announced an agreement to acquire energy efficient thermal management solutions provider Kelvion from investment firm Triton, noting the company’s positioning to address “secular megatrends” including data center cooling and green tech. Founded in 1920, Germany-based Kelvion develops and manufactures heat exchange and cooling solutions for a broad range of applications…
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23 State Coalition Warns SBTi, Financial Firms Over Antitrust Risk from Net Zero Commitments
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A group of 23 U.S. State Attorneys General*, led by Iowa AG Brenna Bird, published a letter sent to the Science Based Targets initiative (SBTi), demanding information about the organization and its members, citing concerns about potential violations of antitrust, consumer protection and other laws from participation in the net zero group. The AGs’ letter…
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Danske Bank Divests More than 85% of Fossil Fuel Companies Over Transition Plans
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Copenhagen-based Danske Bank Group announced that it has divested from the vast majority of its investments in fossil fuel companies through its Danske Invest fund management unit and Danica pension and insurance business, following the implementation of a new policy that assesses companies’ low-carbon transition plans. Danske Bank introduced its new methodology for investment in…