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Alternative asset management firm TPG has announced that its climate investment platform, TPG Rise Climate, will acquire a majority stake in Aurora Energy Research, a UK-based power market analytics provider. Aurora Energy Research, established in 2013 by University of Oxford professors and economists, offers power market forecasting and analytics to aid significant investment and financial…
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Oxford University’s Saïd Business School and the accounting organisations AICPA & CIMA have announced the launch of the Sustainability Reporting and ESG Data Management Programme. This new executive management course focuses on strategies for sustainability reporting. Amir Amel-Zadeh, Associate Professor of Accounting at Saïd Business School, stated that this initiative arises as companies encounter new…
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Multinational chemicals company DuPont has announced a significant milestone in its global sustainability mission, with all its electricity needs across European Union operations now being met by renewable sources. This achievement, facilitated through the use of Renewable Energy Certificates (RECs) and on-site solar energy, represents a crucial step toward DuPont’s pledge to achieve net-zero carbon…
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ScottishPower Energy Networks (SPEN), part of Iberdrola’s UK operations, plans to invest over €262 million to enhance and future-proof the UK’s electricity distribution infrastructure. This investment supports the nation’s climate targets and aligns with SPEN’s ED2 business plan (2023–2028), setting the groundwork for the forthcoming regulatory phase (ED3). SPEN CEO Nicola Connelly stated, “We are…
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Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced a new agreement with Constellation Energy to extend the operational life of a nuclear energy facility in Illinois by 20 years. The facility’s 1.1 GW output will support Meta’s operations in the region and contribute to the company’s clean energy targets. Starting in June…
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A coalition of major financial institutions and governments has unveiled plans to establish a company dedicated to boosting private investment in sustainable development projects across emerging markets and developing economies (EMDEs). Blended finance integrates public or philanthropic capital with private funding through a unified investment structure, facilitating investment in ventures with high perceived risk profiles,…
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BlackRock has been removed from a list of companies subject to divestment for “boycotting energy companies”, after the asset management firm exited climate-focused investment initiatives and revised its energy investment policies, according to Texas Comptroller Glenn Hegar. In 2022, the list emerged amidst an anti-ESG drive in Republican-led states, gaining traction since President Trump’s election,…
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UK-based renewable energy firm Low Carbon has announced the completion of a sale involving a portfolio of eight solar projects with a total capacity of 350 MW, as well as two co-located battery storage assets with a capacity of 85 MW, to the French energy conglomerate TotalEnergies. These projects are in advanced development stages and…
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The US Department of Energy has announced the termination of $3.7 billion in grants allocated to clean energy projects during the Biden administration. These grants, awarded through the Office of Clean Energy Demonstrations (OCED), were reviewed and deemed economically unviable by the current administration. In total, the DOE has cancelled 24 grants. The department noted…
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A groundbreaking 40-hectare low-carbon greenhouse complex is set to open in Essex by 2027, representing a significant advancement in sustainable food production for the UK. Supported by waste management firm [Indaver](https://esgnews.com/europes-largest-low-carbon-greenhouse-breaks-ground-in-essex/), the Rivenhall site will become Europe’s largest facility of its kind. The innovative project will utilise heat generated from incinerated household waste to cultivate…