Energy Transition

The Latest

Investment

British Funds Tell Texas: Emission-cut Vows Matter for Our Reputation

At stake with the new Texas law are assets including $1.4 billion that Man Group of London runs for the Teacher Retirement System of Texas, and $59.7 million the system has with abrdn of Edinburgh.

May 13, 2022

Investment

Ontario Teachers to Invest Up to $1 Billion in Macquarie Offshore Wind Unit

Under a deal with Macquarie’s newly launched offshore wind developer, Ontario Teachers’ Pension Plan will invest up to $1 billion into the development of offshore wind farms in South Korea, Taiwan, Japan, Ireland and Britain.

May 13, 2022

Energy Transition

Reframing the Narrative: Energy Transition to Societal Transformation

Baker Hughes’ vice president of energy transition, Allyson Anderson Book, discusses the company’s corporate pivot.

May 13, 2022

Energy Transition

TotalEnergies, Duke Win Leases in Latest US Offshore Wind Auction

A trade group noted that the winning bids for the wind lease sales offshore North and South Carolina were 17 times higher than a winning bid in the same region five years ago.

May 13, 2022

Energy Transition

Japan’s JERA to Buy Two US Thermal Power Stations from Stonepeak

The plants are the Canal thermal power station in Massachusetts and the Bucksport thermal power station in Maine, JERA said.

May 13, 2022

Investment

Chevron Signs Deal to Explore Lower Carbon Opportunities in Indonesia

Chevron is looking at potential businesses in new geothermal technology, carbon offsets through nature-based solutions, carbon capture, utilization and storage (CCUS), Pertamina said.

May 13, 2022

Public Capital

BP Wins Shareholder Support for Climate Strategy

The vote at BP’s annual general meeting came as the British government faced growing pressure to hit BP and its rivals with a windfall tax after energy companies posted a surge in profits.

May 12, 2022

Private Equity

Carlyle Merges Energy, Infrastructure Units Ahead of Investment Push

Carlyle CEO Kewsong Lee sticks with fossil fuel projects alongside bets on renewables.

May 12, 2022

Energy Transition

Technip, Saulsbury Win Contract for Exxon Mobil Carbon Capture Project

Technip Energies and Saulsbury Industries will provide engineering, procurement and construction services for Exxon Mobil's Wyoming facility to increase carbon capture capacity and CO2 transportation pipeline.

May 12, 2022

Emissions

Lapis Energy CEO Discusses New Arkansas CCS Project

A new carbon capture project announced by Lapis Energy and LSB Industries will be the first CCS project in the state of Arkansas and only the third project from ammonia production in the U.S.

May 12, 2022