Citi, JPMorgan First Adopters of Energy Finance Ratio

Citi, JPMorgan First Adopters of Energy Finance Ratio:

pexels-yahima-hernandez-cruz-364388-1024

Citigroup Inc. has joined JPMorgan Chase & Co. in agreeing to disclose to investors their clean energy financing ratios, or the proportions of their low-carbon to fossil-fuel financing activity.

The post Citi, JPMorgan First Adopters of Energy Finance Ratio appeared first on BloombergNEF.

Comments

Post a Comment

Popular posts from this blog

bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects

bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects: 6/20/2024 12:00:00 PM bp agrees to take full ownership of its Brazilian biofuels joint venture, acquiring Bunge’s 50% interest. High-returning transaction will allow bp to realize synergies and continue to grow the business. In parallel, scaling back plans for development of new biofuels projects, pausing two while continuing to assess three.  Changes contribute to delivery of bioenergy transition growth engine target of ~$2 B EBITDA by 2025. bp has agreed to acquire Bunge’s 50% holding interest in its bp Bunge Bioenergia S.A. joint venture, one of Brazil’s leading biofuels-producing companies. Upon completion, bp will become sole owner of the industrial scale sugarcane and ethanol business, enabling bp to accelerate value creation through integration with bp’s trading and technology capabilities. The enterprise value of the stake to be acquired is approximately $1.4 B
Read more

Carbon Streaming Announces Landmark Azuero Reforestation Carbon Removal Project in Collaboration With Rubicon Carbon, Ponterra, and Microsoft

Carbon Streaming Announces Landmark Azuero Reforestation Carbon Removal Project in Collaboration With Rubicon Carbon, Ponterra, and Microsoft : The Azuero Reforestation Project Will Restore 10,000 Hectares of Degraded Land in Panama with Over 75 Native Tree Species May 21, 2024 20:00 ET| Source: Carbon Streaming Corporation TORONTO, May 21, 2024 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”), in collaboration with Microsoft Corporation (“Microsoft”) and Rubicon Carbon Capital LLC (“Rubicon”), is pleased to announce that it has entered into a carbon credit streaming agreement (the "Azuero Reforestation Stream”) with Azuero Reforestación Colectiva, S.A. (“ARC”), a wholly owned subsidiary of leading project developer Ponterra Ltd. (“Ponterra”), for the ARC Restauro Azura project (the “Azuero Reforestation Project” or the “Project”) located in Panama. Deal Highlights The Project is expected to generate 3
Read more

Hydrexia and Lestari Form Strategic Partnership for Hydrogen Development

Image
Hydrexia and Lestari Form Strategic Partnership for Hydrogen Development : KUALA LUMPUR, Malaysia and SHANGHAI , May 13, 2024 /PRNewswire/ -- Hydrexia Holding Limited (Hydrexia), a leading integrated hydrogen solution provider in China and Lestari H2GaaS Sdn Bhd (LHSB), a renewable energy and hydrogen technology commercialization arm of Petroliam Nasional Berhad (PETRONAS) in Malaysia today announced that the two companies have entered into a Technology Collaboration and Commercialization Agreement (TCCA) to leverage the technological and market strengths of each other to better serve the hydrogen development needs in Sarawak, Malaysia . Under the framework of TCCA, both companies set forth key cooperation initiatives which include joint technical collaboration and commercialization of hydrogen application technology in a phased approach. The planned technical collaboration will focus on hydrogen applications in the areas of purification, storage and transportation, and r
Read more