Focus on Economy
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.
African countries eye world’s first joint ‘debt-for-nature’ swap
At least five African nations are planning a joint $2B debt-for-nature swap to protect a vital Indian Ocean ecosystem.
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...
Focus on coal miners, power grid as South Africa spends just sixth of climate aid
South Africa's $11.6B climate fund has spent $1.9B on grid expansion, coal transition, and green projects, sources said.
Scotland’s renewable electricity generation reached record high in first half of 2024
Scotland’s renewable energy generation in the first half of 2024 reached a record high of 18,084 GWh, the latest statistics show.
From waste to power: How floating solar panels on wastewater ponds could help solve NZ’s electricity security crisis
Floating solar panels on wastewater ponds could cut energy costs, reduce algae growth, and boost New Zealand’s power supply.
Ford, GM shares fall after Morgan Stanley analyst downgrade
Ford and GM shares fell five percent as Morgan Stanley downgraded both automakers, citing rising competition and weakening demand.
HSBC says governments’ climate plans need to provide sector details
HSBC group says governments must provide sector-level detail on carbon emission plans to make them workable.
US Steel says arbitration board rules in favor of Nippon Steel’s $14.9 billion buyout deal
An arbitrator ruled in favor of Nippon Steel's $14.9B U.S. Steel buyout, but the union remains opposed to the deal.
