Day: 29 September 2022

UBS collaborates with neustark and Climeworks for removing CO₂ from the atmosphere

Stuart Mitchell

UBS has concluded long-term collaborations with two companies pioneering new carbon removal. Over the next 13 years, 39,500 tonnes of CO₂ will be removed from the atmosphere. Thanks to these collaborations, UBS fosters and supports the scale up of innovative carbon removal technologies. As part of UBS’s commitment to achieving net-zero energy-emissions from its own operations by 2025, the firm is collaborating with the two Swiss companies Climeworks and neustark, which are both pioneering new carbon removal technologies. These long-term commitments provide planning security for this important industry, help to…

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NextEnergy Capital announces First Close of its UK Subsidy-Free Solar Fund, NextPower UK ESG, at over 65% of Target

Stuart Mitchell

NextEnergy Capital , a global leader in the renewables sector, is pleased to announce the first close for NextPower UK ESG  at £327 million, which is over 65% of NPUK ESG’s target of £500m. The fund has a hard cap of £1 billion. Since it officially launched in December 2021, NPUK ESG has enjoyed significant fundraising momentum against a challenging backdrop.  The commitments in this first close have been made from investors in the UK and the Middle East including the UK Infrastructure Bank (“UKIB”), LGPS Central Limited, Merseyside Pension…

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Community First Fund Receives $2.25 Million Grant From Truist Foundation To Launch Fund Supporting Minority Small Business Owners

Stuart Mitchell

Truist Foundation recently announced a $2.25 million commitment to Community First Fund, a nonprofit Community Development Financial Institution (CDFI) dedicated to aligning capital with social justice. The grant will help launch Community First Fund’s Economic Justice Fund (EJFund) that will support lending activities to minority entrepreneurs, with an emphasis on Black and Latine small business owners, across Community First Fund’s service footprint in eastern and central Pennsylvania, including in the Greater Philadelphia region. Truist Chairman and CEO Bill Rogers and President of Truist Foundation Lynette Bell joined Community First Fund’s…

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United Rentals Launches Total Control® Emissions Tracking to Help Customers Advance Sustainability Strategies

Stuart Mitchell

United Rentals, Inc. has announced a new data-driven solution in its cloud-based Total Control® fleet management platform that helps to provide information customers can use as part of their programs to monitor and manage their environmental impact. With Total Control Emissions Tracking, companies can create estimated GHG and engine emissions reports based on the rental equipment they use, which could help advance their sustainability strategies. Total Control Emissions Tracking is designed to help customers measure and evaluate the environmental footprint of their rental equipment. It provides customers insights that can…

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Mission To Save Mount Diablo Inspires 10,000 Trees Project

Stuart Mitchell

The Save Mount Diablo land trust and conservation organization is turning donations into trees to protect Mount Diablo’s peaks and surrounding foothills. The San Francisco Bay area nonprofit is in the beginning stages of its 10,000 Trees project, aimed at combating climate change through habitat improvement and restoration. “Through Save Mount Diablo’s land conservation mission, we are doing various things to address the climate crisis,” said Ted Clement, Save Mount Diablo’s Executive Director. “We are protecting more at-risk open space lands, so that these natural carbon sinks are conserved as…

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