Samsung SDI is taking full control of a $3.5 billion battery plant in Indiana after General Motors decided to exit its joint venture. The South Korean battery maker will acquire GM’s 49.99% stake in SynergyCells, the joint venture developing the facility in New Carlisle, Indiana. The move gives Samsung SDI full ownership of the project […]
Lloyds Banking Group is setting a new £100 billion sustainable and transition finance target for 2027 through 2030, giving the UK banking group a larger role in financing companies as they cut emissions and invest in cleaner technologies. The new goal is part of Lloyds’ Accelerate 2030 strategy. It broadens the bank’s focus on sustainable […]
Microsoft is sharply reducing its carbon removal purchases this year as the company spends heavily to expand its artificial intelligence (AI) business. The tech giant purchased 8.55 million metric tons of carbon removal credits through mid-July 2026, about 80% less than it bought during the same period in 2025, according to BloombergNEF calculations. The drop […]
Costa Rica reported more than 10.2 million tonnes of net carbon dioxide equivalent (CO2e) removals from REDD+ activities between 2020 and 2023, according to a new United Nations technical review. The latest UNFCCC report found that Costa Rica’s reported results totaled 10,277,856 tonnes of CO2e across the four-year period. The results came from efforts to […]
Tesla is planning a massive solar manufacturing project in Texas that could reshape its energy business and strengthen U.S. solar supply chains. The company has filed for tax incentives for Project Crystal Sun, a proposed $10.1 billion solar manufacturing campus in Fort Bend County, southwest of Houston. The project could create 9,712 permanent jobs and begin […]
NVIDIA (NASDAQ: NVDA) is bringing some of the world’s largest financial institutions into the artificial intelligence infrastructure boom as it seeks to mobilize more than $500 billion in third-party capital over time. The chipmaker has signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish independent compute financing platforms. The […]
EFM Investments & Advisory has acquired 11,735 hectares, or about 29,000 acres, of coastal rainforest in northern Oregon in a deal worth more than $100 million. The acquisition adds a major block of forestland to EFM’s portfolio. It also highlights a growing trend in the carbon market wherein investors are placing greater value on forests […]
Malaysia has renewed its 10-year energy efficiency strategy. Rising electricity demand, industrial growth, and more data centers are straining the country’s power system. The National Energy Efficiency Action Plan 2026–2035 (NEEAP 2.0) aims for about US$21.5 billion (RM85.24 billion) in savings over the next decade. It also seeks to cut energy demand by 11.6% by […]
Copper prices reached a new high on the Comex as softer US inflation eased fears of interest rate hikes. Shrinking inventories in London also indicate that supply is tightening. On August 12, Comex copper prices hit $6.7140 a pound, or about $14,802 a tonne, surpassing the previous record of $6.7045 set on August 5. It […]