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Mubadala Investment Co. and Kimmeridge Energy Management Co. LLC have signed a memorandum of understanding (MOU) to expand their collaboration on natural gas and LNG opportunities. That builds on an agreement signed April in which Emirati sovereign investor Mubadala will acquire a 24.1 percent stake in the United States asset manager’s SoTex HoldCo LLC. The purchase, via the issuance of new equity, will give Mubadala its first energy assets in the United States. SoTex’s business consists of an upstream unconventional gas position in the Eagle Ford in South Texas, held via Kimmeridge Texas Gas, and the planned Commonwealth LNG in…

First U.S. Tool Built on EU’s PEF Standards: Global Impact Score is the first free online platform in North America aligned with the EU’s Product Environmental Footprint (PEF) framework, preparing brands for upcoming eco-design regulations. Holistic Measurement Beyond Carbon: The tool analyzes 16 environmental indicators—from water use to eco-toxicity—enabling apparel companies to pinpoint and reduce environmental impact across the product life cycle. Strategic Shift from Greenwashing to True Impact: Brands gain access to real-time eco-design simulations, empowering them to move from cosmetic ESG gestures to data-backed sustainability strategies. Glimpact has launched Global Impact Score, the first freely accessible online platform…

In case you missed it, the Department of Energy issued a notice to Harvard University this week terminating approximately $89 million in grant funding from DOE’s Office of Science and Advanced Research Projects Agency – Energy due to the University’s policy of racial discrimination. This cancellation from DOE resulted in an immediate savings of $7 million to the American taxpayer and was issued in coordination with the Joint Task Force to Combat Anti-Semitism’s letter to Harvard University announcing the termination of $450 million in grants from eight government agencies in addition to $2.2 billion that was previously frozen by the Trump Administration.Excerpts…

Impact investment management firm Triodos Investment Management and market index provider STOXX announce the launch of the iSTOXX Triodos Developed Markets Impact Index, enabling institutional investors to construct impact-aligned portfolios. According to the companies, the new index was designed to serve as a benchmark for institutional investors looking to integrate positive and measurable sustainability and social impact into their investment approach, while minimizing the negative impact of their investments. Triodos and STOXX said that the new index comes as impact investing has gained traction in the institutional investor space in recent years, yet a lack of benchmarks has created challenges…

European Union Commissioner for Energy and Housing Dan Jørgensen and the energy ministers of the Baltic Energy Market Interconnection Plan (BEMIP) High-Level Group have signed a new memorandum of understanding (MOU) to intensify efforts to create a more unified energy market. “The parties pledged to work closely together in investing in and completing infrastructure projects and interconnections in the region”, the European Union said in an online statement. “They also committed to strengthening the internal energy market, promote energy efficiency while exploiting the growing potential of renewable energy”. Formed October 2008, BEMIP seeks to integrate the power and natural gas markets of countries…

Strategic Hire: Jean Rogers, founder of SASB and ex-Blackstone exec, joins Pegasus to drive sustainable investment growth in climate and infrastructure. Blended Finance Focus: She will help scale Article 9-aligned funds and lead investment strategy for major UN-backed climate and ocean funds. Emerging Markets Growth: Pegasus aims to create 20,000 jobs, deliver 1.8B kWh of clean energy, and cut 80M tons of emissions in the Global South. Jean Rogers, a leading voice in sustainable finance and former Blackstone executive, has joined Pegasus Capital Advisors as Senior Operating Advisor. Her appointment marks a strategic move by Pegasus to scale its impact…

In its latest short term energy outlook (STEO), which was released on May 6, the EIA raised its U.S. on-highway diesel fuel price forecast for 2025 and 2026. According to that STEO, the EIA expects the U.S. on-highway diesel fuel price to average $3.49 per gallon in 2025 and $3.54 per gallon in 2026. In its previous STEO, which was released in April, the EIA projected that the U.S. on-highway diesel fuel price would come in at $3.44 per gallon in 2025 and $3.53 per gallon in 2026. Both STEOs highlighted that the 2024 U.S. on-highway diesel fuel price averaged…

Brussels is drawing up plans to use trade tariffs and capital controls to maintain financial pressure on Russia, even if Hungary decides to use its veto to block an extension of the European Union’s sanctions regime, which lapses in July of this year. The European Commission has told ministers that a large part of the EU’s sanctions, which included freezing 200 billion euros ($224bn) of Russian assets, could be adapted to a new legal framework to bypass Budapest’s veto, according to the United Kingdom’s Financial Times newspaper. Viktor Orban, Hungary’s prime minister, has repeatedly held up EU boycotts on Moscow…

$18M tonne offtake deal sets global benchmark: One of the largest single-buyer carbon removal commitments ever, structured over 15–20 years. Corporate capital mobilization: Microsoft’s long-term offtakes are expected to unlock private investment for high-integrity, scalable climate projects. New evaluation framework launched: Jointly developed standards align with Microsoft’s science-based criteria and Rubicon’s rigorous due diligence protocols. Microsoft has signed a landmark framework agreement with Rubicon Carbon to purchase 18 million tonnes of high-quality nature-based carbon removal credits, in what is among the largest single-buyer carbon credit deals globally. Each transaction under this agreement will be structured as a 15- to 20-year…

Japan’s biggest oil refiners are following the latest trend among Big Oil to return to focus on fossil fuel supply.The top oil refiners in Japan have recently announced lower investments in low-carbon fuels, including ammonia and hydrogen, amid slower uptake and higher costs of green energy solutions, Reuters reports, citing company executives.For example, Eneos Holdings, the biggest refiner in crude import-dependent Japan, has seen costs for ammonia and green hydrogen soar and make capital expenditure (capex) planning more challenging, chief executive Tomohide Miyata said at a news conference this week.In its new medium-term strategy to 2028 unveiled this week, Eneos…