Day: 4 September 2022

Ceres calls on federal banking regulators to strengthen racial and climate equity in the Community Reinvestment Act

Stuart Mitchell

Ceres submitted comments recently to the Federal Reserve Board of Governors (Fed), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) urging the three agencies to modernize the Community Reinvestment Act (CRA) by explicitly incorporating racial equity and strengthening crucial environmental and climate provisions.  Enacted in 1977 as part of a series of civil rights laws designed to expand access to credit and address discriminatory lending practices, the CRA requires federal banking regulators to encourage banks and other financial institutions to help meet…

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“Children are better protected online in 2022 than they were in 2021” – ICO marks anniversary of Children’s code

Stuart Mitchell

The ICO is marking the anniversary of the groundbreaking Children’s code, that has changed how children are treated online. The Children’s code was fully rolled out in September 2021, requiring online services including websites, apps and games to provide better privacy protections for children, ensuring their personal data is protected within the digital world. In the past year, the ICO’s action has prompted changes by social media platforms, gaming websites and video streaming services. Changes include targeted and personalised ads being blocked for children, children’s accounts set to private by…

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Ad Council Research Institute and MTV Entertainment Studios Partner to Release Young Voter Study in Time for Midterms

Stuart Mitchell

The Ad Council Research Institute (ACRI) and MTV Entertainment Studios have announced the initial findings from a collaborative research project that seeks to demystify voting attitudes and perceptions among younger Millennials and voting-age Gen Z Americans. With midterm elections quickly approaching, the study sheds light on what young people know about voting, what motivates them to go to the polls and what turnout might be expected in November from the voters that now make up nearly a third of the electorate. Today’s findings are the first phase of the Messaging…

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Cummins Invests in Energy Storage Company as Part of Decarbonization Efforts

Stuart Mitchell

Cummins Inc., a global power technology leader, is investing $24 million into VoltStorage, a leading technology company producing energy storage systems based on environmentally friendly redox flow technology. “Cummins is committed to developing a range of solutions that will enable our customers’ success as we advance our Destination Zero strategy and decarbonize our diverse markets,” said Jennifer Rumsey, Cummins’ President and Chief Operating Officer.  “By investing in VoltStorage, we are taking steps to advance solutions focused on the grid and energy storage. Addressing climate change will take a comprehensive approach…

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Octopus Energy and Nest form joint venture with GLIL to invest £400m in world’s largest offshore wind farm

Stuart Mitchell

Octopus Energy Group’s generation business, one of Europe’s largest investors in renewable energy, has worked with Nest to take a stake in the Hornsea One Wind Farm, the world’s largest operational offshore wind farm, making a positive impact with UK pension savers’ money. Octopus Energy Generation’s fund management team invested £200m in Hornsea One on behalf of Nest, one of the UK’s largest pension schemes representing a third of the UK workforce. Through a joint venture with GLIL Infrastructure, who are also investing £200m, together they’ve acquired a 12.5% stake…

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