Texas AG drops probe of major US banks following NZBA exodus

State Attorney General Ken Paxton said Texas will end its ongoing review of Bank of America, Morgan Stanley and JPMorgan Chase following the banks’ exits from the Net-Zero Banking Alliance.

By Zoya Mirza • Jan. 10, 2025

Treasury finalizes guidance for IRA’s tech neutral, clean electricity tax credits

They’re “the most important clean energy tax credits ever enacted,” said Brad Townsend, vice president of policy and outreach at the Center for Climate and Energy Solutions. 

By Diana DiGangi • Jan. 10, 2025

5 ESG trends sustainability professionals should monitor in 2025

Upcoming leadership changes in the White House and Congress are expected to create a more adversarial stance on ESG and climate issues in 2025.

By Lamar Johnson , Zoya Mirza • Jan. 9, 2025

Toyota Motor North America lands $4.5M DOE grant for EV battery recycling

The funding will go toward the development of an industry template for EV battery recycling.

By Larry Avila • Jan. 9, 2025

Shell shareholders file resolution asking oil giant for transparency on LNG strategy, climate goals

The proposal calls out Shell’s plans to increase its sales of liquified natural gas and asks how the company justifies its growth strategy with its climate commitments.

By Zoya Mirza • Jan. 9, 2025

SBTi appoints EY corporate sustainability partner as next CEO

David Kennedy will take on the chief executive role at the climate target validation organization in Q2 from interim CEO Sue Jenny Ehr, pending an agreement with his current firm.

By Lamar Johnson • Jan. 8, 2025

Biden bans most new offshore oil and drilling in clean energy push

President-elect Donald Trump vowed on Monday to undo the executive order that applies to more than 625 million acres of federal coastline.

By Jennifer Goodman , Julie Strupp • Jan. 8, 2025

JPMorgan becomes latest major US bank to exit NZBA

The bank’s departure from the Net Zero Banking Alliance follows the exits of five other major U.S. banks from the climate coalition in the past month.

By Lamar Johnson • Jan. 7, 2025

Fervo Energy nabs $255M to deploy carbon-free geothermal power

The Houston, Texas-headquartered energy company said the new funding would help it deploy geothermal energy to meet the “skyrocketing demand for clean, firm power.”

By Zoya Mirza • Jan. 7, 2025

Final 45V hydrogen tax credit guidance draws mixed response

While hydrogen industry leaders generally welcomed the final rule’s increased flexibility, some said the complicated tax credit guidelines will stymie industry growth.

By Emma Penrod • Jan. 7, 2025

Big Oil urges Supreme Court to weigh in on Honolulu climate case

The judges will determine whether to take up the oil giant's appeal during a Jan. 10 conference.

By Lamar Johnson • Jan. 6, 2025

EPA issues permits for California carbon capture and storage facility

Amid local concerns about the health risks the facility could pose, an EPA official said she believes the permits are “protective of the public and the environment.”

By Ysabelle Kempe • Jan. 6, 2025

Constellation NewEnergy, GSA ink $840M deal for emissions-free power to federal facilities

The procurement agreement will involve supplying over 1 million megawatt hours of electricity annually over the course of a 10-year contract, the U.S. General Services Administration said.

By Nish Amarnath • Jan. 6, 2025

Bank of America, Citigroup, Morgan Stanley latest to exit Net-Zero Banking Alliance

The financial institutions’ decision to leave NZBA comes shortly after Goldman Sachs and Wells Fargo announced they were departing the United Nations-backed climate coalition last month.

By Zoya Mirza • Jan. 3, 2025

Equinor secures $3B for Empire Wind 1 offshore wind farm

Equinor expects capital investments in Empire Wind 1 to total around $5 billion, including fees for the use of the South Brooklyn Marine Terminal, the company said.

By Diana DiGangi • Jan. 3, 2025

Sustainability profession at ‘crossroads’ amid regulation, compliance headwinds: Trellis

Compliance is becoming a bigger part of a sustainability executive’s role, coupled with greater oversight from legal and CFO teams, according to the research firm.

By Suman Bhattacharyya • Jan. 2, 2025

Qcells finalizes $1.5B DOE loan guarantee for Georgia solar plant

The plant began some production this spring, with plans to start full operations next year.

By Joelle Anselmo • Jan. 2, 2025

How AI is shaping the future of sustainability

The rapid evolution of artificial intelligence is redefining how industries operate, and its influence on sustainability is no exception, according to PwC’s ESG principal. 

By Sammy Lakshmanan • Jan. 2, 2025

Walmart to miss 2025, 2030 emissions reduction targets

The retail giant said it will miss its goals to reduce operational emissions because of challenges with energy policy and infrastructure, as well as technology availability.

By Lamar Johnson • Dec. 20, 2024

Nostromo Energy receives $305M conditional commitment from DOE for thermal energy storage system

If finalized, the loan will support up to 193 IceBrick installations in commercial buildings across California, scaling the ice-based system’s integration with virtual power plants, the company says.

By Nish Amarnath • Dec. 20, 2024

EPA grants California waivers for truck, car emissions rules

Opponents to the rules expect the waivers will be short lived with a change in administration coming in January.

By Colin Campbell • Dec. 20, 2024

White House targets 61-66% GHG reductions by 2035

“Broad participation in the development, implementation, and evaluation of emissions reduction measures will play an important role in reaching the target,” the White House said.

By Lamar Johnson • Dec. 19, 2024

Stellantis, Zeta Energy ink deal to develop lithium-sulfur EV batteries

Zeta Energy's lithium-sulfur batteries do not require critical raw materials, such as cobalt, nickel manganese or graphite.

By Eric Walz • Dec. 19, 2024

People are as important as technology for reliable ESG data collection

Driven by various regulatory frameworks, companies of all sizes may need to retool their approaches to data collection to meet compliance timelines in the most effective ways possible.

By Matthew Gardner • Dec. 19, 2024

PG&E gets $15B from DOE’s loan office for hydropower, battery buildout

The gas and electric utility company expects the deal to close before President-elect Donald Trump takes office in January.

By Lamar Johnson • Dec. 18, 2024