Australia’s Prime Minister, Scott Morrison, announced that a $740 million fund will be established to invest in companies developing low-emissions technologies as part of the country’s goal of achieving net-zero carbon emissions by 2050.
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Blackheath Resources Inc. and Wolverine Energy and Infrastructure Inc. have entered into an amalgamation and arrangement agreement for the proposed sale of Wolverine’s clean energy assets, renewable natural gas (RNG) development projects and solids recycling facilities to Blackheath for total proceeds of $150 million. The proceeds from the sale of the clean energy assets will be $50 million in cash, with the remainder of such proceeds comprising shares of Blackheath.
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HC2 Holdings, Inc. has announced the sale of its majority-owned clean energy subsidiary Beyond6, Inc. to Mercuria Investments US, Inc. for approximately $169 million. HC2, which owns approximately 61 per cent of Beyond6 on a fully diluted basis, expects to receive approximately $65 million in cash.
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Enel Green Power, through its subsidiary Enel Green Power North America, Inc. (EGPNA), and Maire Tecnimont S.p.A., through its company for the energy transition, NextChem, have signed a MoU to support the production of green hydrogen via electrolysis in the US.
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Investors representing more than $45 trillion in assets under management have already agreed to drive climate change action across their portfolios. Sustainable finance has, therefore, become an integral part of how many financial services firms operate.
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The US has made substantial progress towards a low-carbon economy over the past several years. According to research, the benefits of US climate action in today’s economic reality are evident. Strong climate action and investments in low-carbon infrastructure can be effective ways to recover from Covid-19 and secure the economy’s long-term success.
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