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BP sells its onshore wind business to LS Power. The agreement is part of BP’s strategy to refocus on oil and gas. The sale includes 10 wind assets in the U.S. with a net capacity of 1.3 GW….
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UK government invests £63 million to enhance EV infrastructure. The initiative aims to expand charging access, electrify NHS fleets, and improve signage, providing savings for public sectors and households while boosting public confidence in electric vehicles.
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Datamaran launches a platform for managing ESG strategies. The new Datamaran Suite supports companies in benchmarking sustainability disclosures, setting evidence-based targets, and includes features for assessing industry norms and disclosure gaps….
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1PointFive and Palo Alto Networks sign carbon removal agreement. The five-year deal involves purchasing 10,000 tonnes of carbon credits, advancing Palo Alto’s net-zero goals and supporting 1PointFive’s direct air capture technology….
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Microsoft and Vaulted Deep announce a major carbon removal deal. The partnership will see Vaulted Deep sequester up to 4.9 million tonnes of carbon dioxide over 12 years, marking one of the largest carbon removal agreements globally….
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General Motors partners with Redwood Materials for energy storage solutions. The agreement focuses on using second-life and new GM batteries for energy storage, addressing growing electricity demand from data centres and renewable energy sources. Redwood aims to enhance US energy independence and resilience….
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Stellantis halts hydrogen fuel cell program amid market challenges. The automotive group abandoned its hydrogen vehicle plans, citing infrastructure limitations and high costs. Stellantis will focus on electric and hybrid technology to meet consumer expectations and regulatory demands….
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US firms sustain or boost ESG investments amid scrutiny. Most large US companies continue investing in sustainability, viewing it as a growth driver, despite reduced public discussion due to political and regulatory scrutiny, according to an EcoVadis survey….
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EU Ombudsman queries European Commission on procedural lapses. Ombudsman Teresa Anjinho seeks explanations from the European Commission for not following procedural steps in launching the “Omnibus” initiative, which aims to simplify corporate sustainability reporting….
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EU banks have made notable progress in climate risk management. European banks have significantly improved their practices for identifying and managing climate and nature-related risks, though further expansion across all risk categories is necessary, according to the ECB’s Frank Elderson….