Announcement of deal to acquire 20 per cent stake in world's largest solar developer comes just days after oil giant quits American Petroleum Institute over climate policy differences
As the sustainable finance sector booms, asset managers and owners are under increasing pressure to use their financial clout to steer a greener future
The new funding was led by ADM Ventures, Barclays and GV (formerly Google Ventures)
Oil and gas giant ramps up investment in USA's largest carbon offset developer, as it increases focus on natural climate solutions in support of its net zero targets
Major acquisition aims to create 'leading global environmental consultancy' to capitalise on 'rapidly growing ESG trends'
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But bank's commitment to decarbonising its financing by mid-century, on top of its supply chain and operations by 2030, is slammed by campaigners as "empty" and an "attempt to buy time" due to its failure to commit to divest from coal and oil and gas...
But new PwC report warns 'rapid injection of capital, talent and public-private support' still required for climate tech to deliver on its massive promise
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