Focus on Business
BBVA, KKR form climate-focused strategic partnership
Spanish lender BBVA and U.S. investor KKR announce a strategic partnership focused on low-carbon economy investments.
CEOs warn US energy transition subsidies are driving brain drain and investment out of Canada
Canadian CEOs warn that U.S. subsidies from the Inflation Reduction Act are driving a brain drain and investment south.
Texas approves plan to boost oil and gas drillers’ power grid access
Texas has approved a $15B plan to expand power grid infrastructure in the Permian Basin, vital for rising oilfield energy demands.
New York State fund swapped coal assets for responsible index ETF
New York's State Insurance Fund reduced its carbon exposure by 40% by shifting coal assets into a responsible-investment ETF.
Companies back away from Oregon floating offshore wind project as opposition grows
Opposition from tribes and fishermen has led to fewer companies bidding on Oregon's floating offshore wind project auction.
Funds approach Eni for second biofuel stake sale as it readies deal with KKR, sources say
Eni is in talks to sell a 20-25% stake in its biofuel unit Enilive to KKR, while other suitors show interest.
Evergrande EV unit’s liquidators still in talks with potential stake buyers
China Evergrande's EV arm is still negotiating with a potential buyer for a stake and credit line to support production.
Natural gas producer BKV valued at $1.56 billion in NYSE debut
Shares of BKV rose 3.1% in their NYSE debut on Thursday, giving the U.S. natural gas producer a market capitalization of $1.56 billion.
Chile selects six sites for private lithium projects
SANTIAGO — Chile’s government has selected six priority areas for new lithium extraction projects to be led by private companies, the South American...
Shale producer Validus to buy Citizen Energy in deal worth over $2 billion: sources
Validus Energy is acquiring Citizen Energy for over $2 billion, marking its second major Mid-Continent region purchase in 2024.
