Focus on Finance
Plan to throttle foreign fossil fuel finance collapses at OECD, Bloomberg reports
Wealthy nations' plan to limit fossil fuel financing has collapsed, with ongoing negotiations expected to continue into January.
Wells Fargo departs climate banking group in another high-profile exit after Goldman
The bank ended its membership in the Net-Zero Banking Alliance, two weeks after another notable exit by Goldman Sachs.
Vermilion Energy raises dividend, plans $600M-$625M capital spending for 2025
The company will pay a quarterly dividend of 13 cents per share, up from 12 cents per share.
Canadian carbon removal company scores US$40M grant from fund backed by Bill Gates
The project is meant to be the world's first direct air capture carbon removal test hub and commercialization centre.
Sweden’s north frets over financial risks as green boom stumbles
Sweden's local authorities seek more financial support as Northvolt's bankruptcy threatens the green industry transition.
California’s Pacific Gas & Electric could receive $15B in federal loans to modernize its power grid
PG&E could secure up to $15 billion in federal loans for power grid modernization and clean energy projects across California.
Big banks in EU urged to step up on sustainable finance in 2025
Europe's largest banks, including Barclays and HSBC, are urged to enhance sustainable finance efforts amid rising investor scrutiny.
Adani deal under bribery scrutiny was approved against officials’ advice
Andhra Pradesh signed a $490M solar deal with SECI, primarily benefiting Adani Green, now under U.S. scrutiny for alleged bribery.
EU watchdog frees green bonds from fund naming rules
The EU allows green bond funds to invest in bonds from big polluters, easing previous restrictions and supporting decarbonization efforts.
Italy’s Erg secures 243-million-euro EIB loan for renewable energy projects
The loan will cover more than 50 per cent of the total cost of projects as it is linked to REPowerEU, the EU's...
