Group tones down emissions goals of Green New Deal.
Program will focus on technologies to reduce emissions.
While non-hydro renewable-derived electricity’s share of the power grid has grown, natural gas’ share is growing by more—and as power demand itself has risen.
The sale is a rebuke of a landmark resolution between the Anglo-Dutch company and a large group of investors including Sarasin that outlined Shell's ambition to reduce carbon emissions.
The roughly €40 million (US$44 million) partnership covers a period of five years.
The key goal of the "Green New Deal" backed by many Democratic presidential candidates would cost $4.7 trillion and pose massive economic and social challenges, says Wood Mackenzie report.
New York-based Global Thermostat’s technology uses chemicals called amines to capture and concentrate CO2 from flue gas at industrial facilities or directly from the atmosphere.
The divestment of Exxon Mobil only applies to LGIM's Future World Funds which it says are set up for clients who want to express a conviction on ESG themes.