Author: omc_admin

Capital Catalyst: India’s taxonomy aims to unlock $2.5 trillion in investments by 2030 for climate-aligned sectors. Global Alignment: The framework mirrors international taxonomies from the EU, UK, and others to ensure consistency and investor confidence. Strategic Sector Focus: Targets hard-to-abate industries like steel and cement, while supporting critical sectors such as power, mobility, agriculture, and water security. India’s Ministry of Finance has released a draft framework for its Climate Finance Taxonomy, inviting expert and public comments by June 25, 2025, as it seeks to mobilize significant capital toward its net zero goals. “We will develop a taxonomy for climate finance…

Net Zero by 2040: Capgemini commits to a 90% emissions cut across Scopes 1, 2, and 3, validated by the SBTi Net-Zero Standard. Gender Parity Goals Elevated: Target for women in executive roles increased to 35% by 2030, with 40% representation in the global workforce maintained. Digital Inclusion Expansion: Aim to impact 10 million beneficiaries by 2030, with new focus on measuring depth over reach via B4SI framework. Capgemini has updated its Environmental, Social, and Governance (ESG) policy to strengthen its long-term commitment to responsible growth, ethical leadership, and sustainable value creation. The policy now includes nine priorities, with ethics…

Stephen Curry #30 of the Golden State Warriors drives to the basket in the second quarter against Dyson Daniels #11 of the New Orleans Pelicans at Chase Center on April 12, 2024 in San Francisco, California. Kavin Mistry | Getty ImagesA Florida federal judge has dismissed most of the claims against high-profile celebrities and YouTubers who promoted the now-defunct cryptocurrency exchange FTX, including stars like Tom Brady, Gisele Bündchen, Kevin O’Leary, and Stephen Curry.The ruling narrows the scope of a sprawling multidistrict litigation accusing them of using their fame to market a fraudulent platform.In an order filed Wednesday, U.S. District Judge…

Financial technology and data services provider and exchange operator Intercontinental Exchange (ICE) announced the launch of its new ICE Global Climate Risk Solution, aimed at providing investors with a view of physical climate risks of their portfolios, based on geospatial data. According to ICE, the new solution marks an expansion of its geospatial platform to introduce global physical risk for corporate and sovereign asset classes, leveraging building footprint data for over 1.6 billion buildings worldwide to deliver scenario-aligned, forward-looking risk scores and physical and transition climate risk metrics. ICE said that the new solution enables clients to assess climate-related risks…

By Tsvetana Paraskova – May 08, 2025, 7:46 AM CDT Oil prices surged as the U.S. announced its first post-tariff trade deal with the UK, signaling potential market stability. U.S.-China trade talks are set to begin in Geneva, marking the first step toward easing trade tensions. Despite optimism, OPEC+ production increases are expected to limit oil price growth. Oil prices rose by more than 1% early on Thursday as the market expects a U.S.-UK trade deal announcement later today and the start of U.S.-China ice-breaker talks later this week.As of 8:35 a.m. EDT…

In a surprising twist, it wasn’t flashy AI features that finally nudged longtime iPhone users to upgrade — it appears to have been tariffs.Wall Street analysts have been predicting a major iPhone upgrade cycle since Apple started integrating generative AI into the devices about a year ago. It hasn’t really happened yet.But one firm that surveys buyers says worries of higher prices might have triggered people to upgrade their phones. Consumer Intelligence Research Partners says concern over impending price hikes because of tariffs drove a notable surge in iPhone purchases in the first quarter of 2025. This wasn’t a marginal…

Google announced today the launch of a new collaboration with South Carolina-based nuclear project developer Elementl Power, including an agreement to invest in three advanced nuclear energy projects. The agreement comes as Google and its tech giant peers increasingly turn to nuclear energy to help address the growing emissions impact of their rapidly expanding data center footprints. While Google has set 2030 goals to reach net zero emissions across its operations and value chain, and to reduce 50% of its combined Scope 1, 2, and 3 absolute emissions, on a 2019 basis, the company recently reported that its emissions increased by 13%…

Essar group’s green logistics solutions provider GreenLine Mobility Solutions has partnered with Shriram Finance for the deployment of a new fleet of LNG-powered trucks, a statement said on Wednesday. GreenLine Mobility Solutions on Wednesday flagged off a new fleet of LNG-powered trucks at Chakan, Pune, the statement said. The deployment is supported by Shriram Finance Ltd, one of India’s largest NBFCs. GreenLine is an Essar venture and India’s only green logistics operator of LNG and electric-powered heavy commercial trucks. Its current fleet of over 650 LNG trucks serves marquee companies across sectors such as FMCG and e-commerce, metals and mining,…

Google LLC and Shell PLC have partnered to extend the life of the NordzeeWind project, the first wind farm on the Dutch side of the North Sea according to Shell, by at least four years. “We purchased 100 percent of the wind farm’s 108-megawatt capacity, which enabled Shell to pursue permit extensions and invest in crucial upgrades, preventing the premature loss of valuable clean energy”, the Internet giant said in an online statement. “This initiative helps to keep existing carbon-free energy resources on the grid that would otherwise have retired”. Put online 2007, the project, off the coast of the…

Woodfibre LNG said it plans to submit an application to regulatory agencies to add a second workplace accommodation floatel at the Woodfibre LNG project site in British Columbia. The application seeks regulatory approval to moor a second floatel adjacent to the current floatel, the MV Isabelle X, to add approximately 900 employees to the construction project, the company said in a news release. The MV Isabelle X is moored at the Woodfibre LNG project site, located 4.3 miles (7 kilometers) near Squamish. Once complete, the Woodfibre LNG facility will produce approximately 2.1 million metric tons of liquefied natural gas (LNG)…