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World Bank Group member the International Finance Corporation (IFC) announced that it will invest $100 million in Brookfield Asset Management’s Catalytic Transition Fund (CTF), aimed at driving clean energy investments in underserved emerging economies. Initially unveiled in December 2023 at the COP28 climate conference in Dubai, with a $1 billion anchor commitment from UAE-backed climate investment platform ALTÉRRA, CTF aims to deploy capital into clean energy and transition assets in emerging markets in South and Central America, South and Southeast Asia, the Middle East, and Eastern Europe. The fund invests in three key themes, including business transformation, helping businesses to decarbonize their operations and transition…

Aberdeen’s offshore engineering capabilities are playing a growing role in supporting fast-track deepwater development in West Africa, as Altera Infrastructure highlighted this week at the Wider African Energy Summit in Aberdeen. Speaking at the event, held in partnership with the African Energy Chamber, Stig Bøtker, Altera’s Director of Business Development, said the company increasingly relies on its UK base to deliver projects in emerging African offshore hubs—most notably Ivory Coast’s rapidly expanding Baleine development. Bøtker pointed to the Petrojarl Kong FPSO, now operating at the Eni-operated Baleine field, as a leading example. The vessel was redeveloped on an accelerated 24-month…

(WO) – Baker Hughes has received a significant order for 25 aeroderivative gas turbines from U.S.-based Dynamis Power Solutions, expanding the energy technology company’s footprint in mobile power systems used across upstream, refining and petrochemical operations.  The order—booked in the third quarter of 2025—includes LM2500, LM6000 and LM9000 gas turbines, totaling 1.3 GW of generation capacity. The equipment will be integrated into Dynamis’ fleet of mobile power units, which are deployed in regions where reliable on-site power is essential for drilling, production, and processing activities. A key component of the deal is Dynamis’ adoption of 10 LM9000 gas…

A tech company has ambitious goals and tells its employees they should be ready for some hardcore work.No, I’m not talking about Amazon. Or Nvidia. Or Tesla.This time around, it’s Tools for Humanity, Sam Altman’s $2.5 billion eye-scanning startup that wants to help prove people’s humanity in the age of AI.”We will neither fail, nor will we be an average outcome, and that’s what we want and that’s all I care about every day and all you should care about every day, and nothing else should matter,” CEO Alex Blania told employees at the start of the year, according to…

Brazilian president Lula addresses the conferenceDamien GayleOn Wednesday evening I joined a crowd of journalists, including my colleague Fiona Harvey, veteran of many Cops, to wait outside a plenary room in the artificially Baltic surroundings of the Cop30 conference centre.Rumour had it that the Brazilian president, Luiz Inácio Lula da Silva, who had earlier arrived at the UN climate summit, would soon emerge to speak to journalists. What exactly we would do if he did emerge was unclear.There was no guarantee that we, out of the several hundred journalists who had gathered to catch a glimpse of Lula, would even…

JPMorgan announced the appointment of Robert Keepers as Head of Climate Tech within the firm’s Green Economy Banking team. Keepers has been with JPMorgan for nearly 20 years, most recently serving as a Managing Director within the Renewable Energy Group of the firm’s Corporate Client Banking & Specialized Industries team. Prior to focusing on renewables, Keepers held a series of roles focused on energy banking, including advising oil & gas companies on strategic capital solutions and risk management strategies. JPMorgan launched its Green Economy team in 2021, to provide financial expertise and services to companies advancing decarbonization. The team provides…

Coalition MPs are being told to argue that the decision to dump a net zero emissions target is “entirely consistent” with the Paris agreement, despite leaked documents suggesting the opposition is aware such a position could conflict with Australia’s obligations under the climate pact.Guardian Australia has obtained talking points issued to MPs to help them stay on message about Sussan Ley’s new energy and emissions plan, which was finalised on Sunday after months of bitter infighting.Coalition MPs have adopted vastly different approaches to communicating the plan, with moderates who lost the fight to retain a net zero emissions target –…

The $5-billion East African Crude Oil Pipeline (EACOP), which is planned to export crude oil from Uganda via a port in Tanzania, is now 75% complete, moving landlocked Uganda a step closer to becoming an oil exporter. EACOP, a controversial pipeline project that has seen a lot of environmental opposition and planning and construction delays, is now about three-quarters completed, according to the Petroleum Authority of Uganda (PAU) as quoted by Reuters.With pipeline construction progressing, Uganda now aims to begin oil production from its oilfields in its Albertine rift basin in the west in the second half of 2026. The EACOP project is for…

• European Commission proposes major overhaul of the SFDR to reduce complexity and cut reporting costs across the financial sector.• New three-tier ESG product categorisation aims to improve clarity for retail investors and curb greenwashing.• Streamlined disclosures align with CSRD thresholds, shifting impacts reporting to only the largest financial market participants. Brussels moves to reset Europe’s sustainable finance rulebook The European Commission has introduced sweeping amendments to the Sustainable Finance Disclosure Regulation, seeking to repair what policymakers describe as a framework that has become cumbersome for firms and confusing for investors. The proposal aims to reduce complexity, lower compliance costs,…

• EUR 250 million ($288 million)in InvestEU-backed guarantees will unlock working capital for early-stage European cleantech manufacturers.• Partnership targets companies advancing decarbonisation, circular economy solutions, bioeconomy development and pollution control.• Collaboration strengthens capital access for firms facing long production cycles and supply-chain demands that limit growth. Paris moves to accelerate Europe’s cleantech scaling challenge The European Investment Bank and Societe Generale have agreed to a new cooperation framework aimed at expanding financing for Europe’s fast-growing cleantech manufacturers. The Memorandum of Cooperation, signed in Paris by senior executives from both institutions, creates a joint structure to support early-stage small and mid-cap…