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Bloomberg· 2025-07-09 16:59
Event Focus - Bloomberg Green Seattle programming starts on July 14th at 5:00 PM PDT [1] - The event addresses the recalibration of the global path to net zero [1] Key Participants - Climate leaders, bold innovators, and key policymakers will participate [1]
TotalEnergies Grows Caribbean Presence With AES Renewable Partnership
ZACKS· 2025-07-03 16:46
Core Insights - TotalEnergies SE (TTE) has completed the acquisition of a 50% stake in AES Corporation's subsidiary AES Dominicana Renewables Energy, which includes a portfolio of solar, wind, and Battery Energy Storage Systems (BESS) [1][9]. Group 1: Acquisition Details - The acquired portfolio consists of over 1 gigawatt (GW) of contracted projects, with 410 megawatts (MW) currently active or under construction, and includes long-term power purchase agreements [2][9]. - The portfolio also features more than 500 MW of solar and wind power under development, along with BESS projects aimed at enhancing grid stability and reducing intermittency [2]. Group 2: Strategic Expansion - This acquisition allows TotalEnergies to expand its renewable energy business in the Dominican Republic, where it is already developing a 103 MW solar project and operates a network of 184 service stations powered largely by solar energy [3]. - The partnership with AES follows TotalEnergies' previous acquisition of a 30% stake in AES solar and battery assets in Puerto Rico, contributing to a total renewable energy and BESS capacity in the Caribbean exceeding 1.5 GW [4]. Group 3: Broader Energy Strategy - TotalEnergies aims to enhance its multi-energy approach by focusing on battery storage and renewable energy, complementing its existing liquefied natural gas (LNG) operations in the region [5]. - The company is targeting a gross renewable capacity of 35 GW by 2025 and over 100 terawatt-hours of electricity production by 2030, with its current gross renewable electricity generation capacity at 28 GW as of March 2025 [6][7]. Group 4: Industry Context - Other energy companies, such as BP and Equinor, are also prioritizing clean energy initiatives, with BP aiming for 50 GW of renewable generating capacity by 2030 [8][10]. - The competitive landscape indicates a growing focus on renewable energy across the industry, with various companies setting ambitious targets for capacity and emissions reduction [8][10]. Group 5: Stock Performance - In the past month, TotalEnergies' shares have increased by 7.5%, slightly outperforming the industry average growth of 7% [11].
X @Bloomberg
Bloomberg· 2025-07-03 11:24
Turkey approves plans to launch a carbon market to help reduce greenhouse gas emissions to net zero by 2053 https://t.co/D28VkSzIC2 ...
Carbon Done Right Announces Shares for Debt Settlement
Globenewswire· 2025-07-02 21:01
Core Viewpoint - Carbon Done Right Developments Inc. has successfully completed a shares for debt settlement, converting $172,487.50 (US$125,000) of debt into equity to preserve cash for working capital [1][2]. Company Overview - Carbon Done Right is a provider of high-quality carbon credits sourced from afforestation and reforestation projects, focusing on meeting the growing demand for carbon credits from companies aiming for Net Zero goals [1][3]. - The company operates nature-based carbon assets and invests in the exploration, restoration, and management of terrestrial and marine ecosystems to enhance greenhouse gas sequestration [3]. Financial Settlement - The company issued 11,499,166 common shares at a deemed price of $0.015 per share to settle the debt, which was related to a promissory note from 2024 [2]. - The shares issued will be subject to a four-month hold period from the issuance date [2].
CVW CleanTech Announces Results of Key AGM Voting Items
Newsfile· 2025-07-02 12:18
Core Points - CVW CleanTech Inc. announced that shareholders approved key resolutions at the annual general and special meeting, including an Industry Classification Change, Name Change, and an Equity Incentive Plan [1][2][4] Industry Classification Change - The Company received shareholder approval to change its listing status from a "technology issuer" to an "investment issuer," which has been finalized by the TSX Venture Exchange [2][3] - This change will provide the Company with greater flexibility in structuring investments and streamline regulatory approvals for future transactions, supporting its royalty diversification strategy [3] Name Change - Shareholders approved a resolution to change the Company's legal name to "CVW Sustainable Royalties Inc." The change is expected to take effect shortly, with the ticker symbol remaining unchanged [4][6] Equity Incentive Plan - The Company adopted a 10% rolling equity incentive plan, which was approved by shareholders. Details of the plan can be found in the Management Information Circular [5]
Carbon Done Right Announces Closing of $120,000 Non-Brokered Private Placement
Globenewswire· 2025-06-30 15:45
Core Viewpoint - Carbon Done Right Developments Inc. has successfully closed a non-brokered private placement, issuing 8,000,000 shares at $0.015 per share, resulting in gross proceeds of $120,000 [1] Group 1: Private Placement Details - The private placement includes a related party transaction, with 4,000,000 units subscribed by related parties [2] - The proceeds from the offering will be used for continued investment in operations and corporate support for the Company's projects globally [3] - The private placement is subject to closing conditions, including necessary approvals from the TSX Venture Exchange, and no finders' fees were paid [4] Group 2: Company Overview - Carbon Done Right is focused on providing high-quality carbon credits from afforestation and reforestation projects, addressing the growing demand for carbon credits from companies aiming for Net Zero goals [6] - The Company engages in the exploration, restoration, and management of terrestrial and marine systems to enhance greenhouse gas sequestration [6] - Carbon Done Right operates in various jurisdictions, including Sierra Leone, Yucatan, Guyana, and Suriname, under different arrangements with government engagement [6]
EQT Releases 2024 ESG Report, "Promises Made, Promises Delivered"
Prnewswire· 2025-06-24 15:27
Company Marks Milestone as World's First Large-Scale Traditional Energy Producer to Achieve Net Zero Scope 1 & 2 Greenhouse Gas EmissionsPITTSBURGH, June 24, 2025 /PRNewswire/ -- EQT Corporation (NYSE: EQT), a premier vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin, today announced the publication of its 2024 Environmental, Social and Governance (ESG) Report, titled "Promises Made, Promises Delivered." The report reflects EQT's tra ...
Equinor Secures UK Floating Wind Leases in Celtic Sea Push
ZACKS· 2025-06-20 14:51
Core Insights - Equinor ASA (EQNR) and joint venture Gwynt Glas have secured rights to develop floating wind farms in the Celtic Sea, marking a significant advancement in the UK's clean energy initiatives [1][2][4] Group 1: Project Details - EQNR and Gwynt Glas will develop 1.5 GW of floating wind capacity each, with a total of 3 GW, under leases from The Crown Estate [2][9] - The annual lease fee is set at $470 per megawatt, approximately £350 per MW, contributing to a broader initiative for up to 4.5 GW of floating wind generation in the Celtic Sea [2][9] - The projects are expected to power over four million homes, showcasing their potential impact on energy supply [2][9] Group 2: Economic Impact - The floating wind farms are anticipated to attract over £1 billion in investment and create thousands of jobs, particularly benefiting local supply chains and port infrastructure [5][9] - The Crown Estate plans to announce a third project to utilize the remaining 1.5 GW of capacity by September 2025, indicating ongoing development in the sector [3][6] Group 3: Strategic Importance - Equinor views this project as a long-term strategic investment, emphasizing the scalability and flexibility of the seabed lease in deeper waters, which is crucial for meeting the UK's net-zero targets [4][6] - The announcement signifies the start of a long-term industrial buildout, with potential for an additional 4-10 GW of floating wind capacity in the Celtic Sea by the end of the decade [6]
Southern Company(SO) - 2025 FY - Earnings Call Transcript
2025-05-21 15:00
Financial Data and Key Metrics Changes - Southern Company reported strong financial results for FY 2024, with significant investments in infrastructure and a commitment to delivering clean, safe, reliable, and affordable energy [44][45] - The company approved an 8¢ per share increase in its annual common stock dividend, marking the 78th consecutive year of dividend payments equal to or greater than the previous year [53] Business Line Data and Key Metrics Changes - The regulated electric utilities invested nearly $4 billion in transmission and distribution infrastructure across Alabama, Georgia, and Mississippi [46] - Southern Power expanded its operational footprint to 15 states with the commercial operation of its 30th solar site [46] Market Data and Key Metrics Changes - The economic development pipeline from large electricity load customers represents over 50 gigawatts of potential incremental load by the mid-2030s, driven by robust economic development in the Southeastern service territory [47] - Average annual sales growth is projected at approximately 8% from 2025 through 2029, an increase of 2% from prior long-term sales growth expectations [48] Company Strategy and Development Direction - Southern Company is focused on sustainability and innovation, exploring solutions such as carbon capture, advanced nuclear technologies, renewable natural gas, and energy storage [49] - The company aims to enhance its grid resilience and efficiency through investments in advanced technologies and distributed energy resources [75][76] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet future energy demands while maintaining affordability for customers [49][81] - The company is prepared for challenges posed by climate-related events and is committed to improving customer experience through energy efficiency programs [70][72] Other Important Information - Southern Company faced significant challenges during FY 2024, including responding to Hurricane Helene, which required rebuilding sections of the power grid [51] - The company emphasized its commitment to transparency and sound governance in response to shareholder proposals regarding fossil fuel investments and civil liberties [22][34] Q&A Session Summary Question: How are members of the board of directors selected for nomination? - Stockholders may nominate a person for election as a director if they own at least 3% of outstanding shares for three years [56] Question: Why do we give shares to executives and directors? - The compensation structure aligns executive interests with stockholders, and equity compensation has a minimal dilutive effect [58][59] Question: Will Southern Company include scope three emissions in its decarbonization goals? - Southern Company does not have direct control over scope three emissions but is working on reducing them through various initiatives [60][62] Question: How is Southern Company addressing data center demand for additional power generation? - The company projects 8% annual load growth and has commitments for over 10 gigawatts from data centers and industrial projects [64][66] Question: What is the company's approach to energy efficiency for older houses? - Southern Company emphasizes energy efficiency programs to help customers reduce their energy bills and improve system efficiency [70][72] Question: What is the outlook for distributed energy resources and grid enhancements? - The company is investing in advanced grid technologies and has a robust portfolio of customer programs to improve system efficiency [75][76] Question: What potential impacts might be from tariffs? - Southern Company does not expect a material impact from tariffs due to its strong vendor relationships and existing project contingencies [78]
Barrick Sets the Standard in Advancing United Nations' Sustainable Development Goals
GlobeNewswire News Room· 2025-05-19 13:15
Core Viewpoint - Barrick Mining Corporation is committed to sustainable development and economic growth, aligning its operations with the United Nations' Sustainable Development Goals (SDGs) for 2030 [1][2][4]. Group 1: Sustainability Commitment - The 2024 Sustainability Report, titled "Beyond the Horizon," highlights Barrick's evolution into a leader in responsible mining since its merger in 2019, focusing on sustainability-driven growth and community empowerment [2][4]. - Barrick has distributed over $100 billion in economic value to host countries through wages, local business support, and tax contributions over the past six years [4]. - The company has invested more than $200 million in community-led projects, including schools, clinics, and sustainable farming programs, managed by local communities to ensure they meet real needs [4]. Group 2: Environmental Initiatives - Barrick is recalibrating its greenhouse gas (GHG) emissions profile and reduction roadmap to align with its expanding production base, aiming for a Net Zero target by 2050 [5][6]. - The company has introduced a new site-level SDG performance framework to track community-focused progress across various indicators such as clean water, education, and healthcare [6][7]. - Barrick's commitment to sustainability is reflected in its operational practices, with 85% of its water intake being reused or recycled, and significant investments in renewable energy projects in multiple countries [7]. Group 3: Economic Impact - In 2024, Barrick spent $7.1 billion with local and in-country suppliers, contributing to local business growth and economic resilience [7]. - The company emphasizes that 97% of its employees and 76% of senior site management are host country nationals, reinforcing its commitment to local community development [7].