A new report shows that Wall Street is the fifth-largest carbon emitter, coming in just after Russia and before Indonesia. In 2020, 8 of the largest US Banks and 10 of the largest US asset managers financed $2 billion tons of carbon emissions. Though major corporations have shared their support for net-zero initiatives, the “Wall […]
Six of the world’s major marine insurers have undertaken a ground-breaking project to give carbon emissions transparency and promote the shipping industry’s green transition. The Poseidon Principles for Maritime Insurance (PPMI) establishes a methodology for quantifying and disclosing the climate alignment of marine insurers’ underwriting portfolios. This aims at developing a sector-specific methodology to support […]
Finite Carbon, North America’s leading developer and supplier of forest carbon credits recently launched a forest carbon credit program in Canada. Last year BP purchases a majority stake in Finite Carbon for an undisclosed amount. Finite has generated over 1/3rd of all compliance offset supply and delivered more than $800 Million to landowners. Their project […]
Earlier this month, Elysian Carbon Management secured a $350 million investment from EnCap Flatrock Midstream (EFM). Elysian provides integrated, full-service carbon capture and storage solutions across industries and power facilities. The funds will allow Elysian to focus on developing integrated carbon capture and storage solutions. The overall goal is to reduce carbon emissions by at […]
Francesco Starace, CEO of Enel, a multinational Italian energy firm, isn’t so sure about carbon capture and storage. He suggests that it is not a solution to the climate change crisis. Carbon capture aims to stop CO2 from reaching the atmosphere by keeping it underground in geological formations, but Starace sees it differently. “We have […]