Dana plans to achieve net zero by 2040
The American vehicle parts maker is accelerating its plan to reduce scope 1 and 2 emissions, targeting a 75% reduction by 2030, instead of its previous goal of 50%.
Washington raises $300m from new cap-and-invest system
The first cap-and-invest auction in the state of Washington saw every single one of the 6m allowances bought by large industrial emitters enrolled in the program.
Canadian watchdog OSFI issues guidelines on climate risk
The Office of the Superintendent of Financial Institutions (OSFI) published "Guideline B-15", setting out OSFI's expectations for the management of climate-related risks.
Senate overturns federal rule on ESG, Biden vows to veto
The Senate voted to overturn a Labor Department rule that permits fund managers to consider ESG factors in their investment decisions.
US announces $6Bn in grants to decarbonise heavy industry
The Biden administration is directing $6Bn in funding to speed decarbonisation projects in energy-hungry industries like steel, aluminium and cement making.
Canada sets out green taxonomy amid criticism
Canada has published a framework for sustainable investing. But some of the guidelines could prolong the life of polluting industries, experts said.
New Relic announces 2030 net zero goal
The US-based engineering software platform has announced its goal to achieve net zero by 2030 and a commitment to set near-term science based targets.
Startup releases ocean carbon removal protocol for review
The new protocol released by Planetary Technologies is designed to allow Ocean Alkalinity Enhancement (OAE) projects to deliver carbon removals.
CAR develops new protocol for Guatemalan Forests
The Climate Action Reserve (CAR) is opening comments for a Guatemala Forest Protocol; 34% of Guatemala’s territory is covered by forest.
Citi pledges to cut emissions for more sectors
US bank Citi announced targets for cutting emissions tied to loans it makes to coal mining, auto, steel and real estate clients by 2030.
Canada launches new refrigerant offset credit system protocol
The new "Refrigeration Systems" protocol is the second project type eligible to generate offset credits under Canada's Greenhouse Gas Offset Credit System.
Startup raises funds for fungi-based carbon capture tech
A US startup is using DNA sequencing and machine learning to plant fungi, grow trees and capture carbon from the atmosphere, aiming to issue credits.
US pledges donation to newly-revived ‘Amazon Fund’
The US will donate $50m toward the fund originally created by Germany and Norway in 2008, spurring hope for renewed global commitment to protect the Amazon.
New Jersey commits to 100% ‘clean energy’ by 2035
New Jersey Governor Phil Murphy has announced other elements for a 'sustainable New Jersey' including a ban on internal combustion engines for new cars by 2035.
Federal government releases ‘just transition’ plan
The 'Sustainable Jobs Plan' comes after the government promised a road map to protect jobs as Canada transitions away from a combustion-based economy.
Harvard endowment details steps towards going net zero
The university’s $50Bn endowment management company released its climate plan, 3 years after it became the first US endowment to make a net zero pledge.
Nova Scotia transitions to new carbon pricing system
Nova Scotia introduced an output-based pricing system to replace the current cap-and-trade system for its power and industry sectors that will end this year.
Texas’ largest pension fund divests from BlackRock
The Teacher Retirement System of Texas divested from BlackRock to comply with a state law prohibiting investing in firms 'discriminatory against the oil & gas industry'.
Costa Rica releases its national Blue Carbon strategy
The new strategy provides a mechanism to implement the commitments Costa Rica made in 2020 to protect and restore 100% of its coastal wetlands as part of its NDC.
SEC may ease disclosure rules amid industry push-back
The Securities and Exchange Commission (SEC) may soften a proposed rule on corporate disclosure of climate-related costs as a result of industry push-back.
Biden administration to approve $8Bn oil drilling in Alaska
Environmental advocates argue the plan would undermine the Biden administration’s agenda to curb fossil fuel production.
North Carolina releases paths towards net-zero
The North Carolina Deep Decarbonization Pathways Analysis sets out methods by which emissions can be reduced 50% by 2030 and reach net zero levels by 2050.
Washington explores cap-and-trade link to California, Québec
The Department of Ecology is inviting feedback about the possibility of connecting the state's new cap-and-invest program to the programs in California and Québec.
JP Morgan’s forest business buys $500m of timberland assets
The properties will be managed for both carbon capture and timber production to meet growing demand for sustainable building products and other uses.
Virginia to stay in regional carbon-trading program as bill dies
A committee of the Virginia Senate defeated a bill backed by Gov. Glenn Youngkin that would have withdrawn the state from the Regional Greenhouse Gas Initiative.
US climate envoy Kerry details initiative for developing world
The Energy Transition Accelerator, first announced at COP27, is a “high-integrity” carbon offset plan meant to help developing nations speed their energy transition.
NuScale’s SMR becomes first to be certified in the US
The U.S. Nuclear Regulatory Commission has certified the design for what will be the United States’ first small modular nuclear reactor (SMR).
New York puts new carbon ‘cap-and-invest’ program forward
Governor Kathy Hochul announced a 'Cap-and-Invest' program to cover 'large-scale greenhouse gas emitters and distributors of heating and transportation fuels'.
Goldman Sachs raises $1.6Bn private capital for climate fund
Goldman Sachs Asset Management has raised $1.6Bn for its first private equity fund focused on investing in companies providing climate and environmental solutions.
PNC increases its environmental finance commitment to $30Bn
US-based PNC Financial Services Group has increased its environmental finance commitment to $30Bn, up from $20Bn announced in August 2021
US releases blueprint for transportation sector decarbonisation
The landmark blueprint was developed by the Departments of Energy, Transportation, Housing and Urban Development, and the Environmental Protection Agency.