Author: Stuart Mitchell

Net-Zero Banking Alliance renews mandate with increased focus on unlocking opportunities for financing real economy decarbonization

Stuart Mitchell

The Net-Zero Banking Alliance (NZBA), the global initiative supporting banks to lead on climate mitigation in line with the goals of the Paris Agreement, today confirms members have voted overwhelmingly in favour of backing plans to strengthen the support it provides to its members, marking a new phase for the Alliance’s work. The vote follows a year-long strategic review during which all member banks were able to provide input on NZBA’s future direction. The decision builds on the significant achievements of the Alliance since its founding in 2021, including the…

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Royal Mail halves domestic flights in major step towards improving reliability and delivering Net-Zero

Stuart Mitchell

Royal Mail has completed the removal of 18 domestic flights as part of its effort to improve reliability and minimise carbon emissions. One of the last flights departed from East Midlands Airport on Saturday 5 April – the planes will be replaced by road vehicles which are both better for the environment and more reliable. In recent years, Royal Mail has invested significantly in its road fleet. The company also operates the UK’s largest electric delivery fleet, with over 6,000 electric vehicles. In total, Royal Mail has discontinued 18 domestic…

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Fidelis’ AtmosClear signs agreement with Microsoft for high-quality carbon removal from project in Louisiana

Stuart Mitchell

AtmosClear BR, a portfolio company of Fidelis, announced that it has signed a contract with Microsoft for 6.75 million metric tons of engineered carbon removal over 15 years from bioenergy carbon capture & storage (“BECCS”). The deal is the world’s largest for permanent carbon removal to date. AtmosClear is developing a carbon capture facility at the Port of Greater Baton Rouge in Louisiana. The plant will use sustainable materials like sugarcane bagasse and trimmings from prudent forest management to produce clean energy while capturing 680,000 metric tons of biogenic carbon…

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Science Secretary hails Wrightbus as company pledges £25 million to bolster UK’s green transport revolution and drive growth

Stuart Mitchell

Millions of pounds in investment by Wrightbus to develop the next generation of green buses has been welcomed recently by Science Secretary Peter Kyle, highlighting it as a key driver of economic growth under the Plan for Change. As the UK’s fastest-growing zero-emission bus manufacturer and a major employer in Northern Ireland and the wider UK, Wrightbus’ new funding will accelerate the next generation of electric and hydrogen-powered buses, potentially creating dozens of new jobs, slashing emissions, and supporting the government’s mission to make Britain a clean energy superpower. During…

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The LPFA allocates 3% to Environmental Opportunities

Stuart Mitchell

The London Pensions Fund Authority (LPFA), an Administering Authority and £8 billion Local Government Pension Scheme (LGPS) fund with over 100,000 members, has committed to investing around £250 million, or 3%, of its £8 bn Fund value in environmental solutions assets that will support their net zero ambitions. LPPI (Local Pensions Partnership Investments), which makes day-to-day investment decisions on the LPFA’s behalf, under their Whole Scheme Management approach, will invest the assets into LPPI’s newly launched Environmental Opportunities Fund (EOF). The LPFA’s Climate Change Policy identifies climate risk as systemic,…

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