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X @Bloomberg
Bloomberg· 2025-07-15 06:54
Government Policy & Industry Support - The UK government is reintroducing grants up to £3,750 to encourage electric vehicle purchases [1] - This initiative aims to support the UK's struggling auto industry [1] - The policy also seeks to achieve net zero emission goals [1]
X @Bloomberg
Bloomberg· 2025-07-09 20:03
Climate Leadership - Bloomberg Green 关注气候领域的未来领导者 [1] - 行业聚焦科学家、活动家和政策制定者等多元化新兴人物,他们在推动世界实现净零排放方面发挥重要作用 [1]
X @Bloomberg
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
Climate Policy - Turkey approves plans to launch a carbon market [1] - The carbon market aims to help Turkey reduce greenhouse gas emissions to net zero by 2053 [1]
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
Core Insights - EQT Corporation has achieved a significant milestone by becoming the world's first large-scale traditional energy company to reach net zero Scope 1 and Scope 2 greenhouse gas emissions, as highlighted in its 2024 ESG Report [1][2][6] Environmental - EQT has reduced Scope 1 GHG emissions by 67% for historical production assets since 2018, surpassing its 2025 goal [6] - The company increased the percentage of produced water recycled from 81% in 2019 to 96% in 2024 [6] - EQT achieved a Scope 1 methane emissions intensity of 0.0070%, significantly below its 2025 target of 0.02% [6] - The company received a first-place award from the West Virginia Department of Environmental Protection for site reclamation efforts in 2023 [6] - EQT partnered with the West Virginia Division of Natural Resources for a nature-based carbon sequestration project across over 400,000 acres [6] - The company was awarded a "Gold Standard" rating by the United Nations' Oil & Gas Methane Partnership for its methane reduction efforts [6] - EQT expanded the Appalachian Methane Initiative, utilizing over 15,000 aerial surveys to measure emissions [6] Economic Impact - In 2024, EQT generated approximately $4 billion in gross domestic product (GDP) and $776 million in indirect GDP through ancillary business activities [6] - The company paid over $665 million in royalties to local landowners in 2024 [6] - EQT supported around 20,764 ancillary jobs and invested nearly $70 million in local communities through philanthropic efforts [6] - Employees volunteered over 19,000 hours in local communities during 2024 [6] Governance - EQT's executive compensation is linked to ESG performance, with 20% of Short-Term Incentive Plan funding tied to environmental, health, and safety performance for 2024 [11] - The company maintains a "AA" ESG Rating from MSCI in 2024 [11] - Half of EQT's directors are racially, ethnically, or gender diverse [11] - EQT is a member of the Oil and Gas Decarbonization Charter and engages in international climate conversations through the World Economic Forum [11]
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]