Author: omc_admin

Electrovaya Inc., a leading lithium-ion battery technology and manufacturing company, announces that it has commenced battery system assembly operations at its Jamestown, New York facility. These operations will continue to expand with growth in demand for Electrovaya’s battery systems and as the Company gets closer to starting its lithium ion cell and module production which is estimated to begin in mid 2026. In preparation for the cell and module manufacturing plans, Electrovaya has thus far placed over $40 million worth of capital equipment orders. The capital for this investment will be drawn from a recently closed…

The British postal service is testing out two 19-tonne electric heavy goods vehicles (HGVs) to assess their performance compared to Royal Mail’s existing fleet of traditional trucks and lorries. The service is already set to deploy over 7000 small and medium-sized electric vans by 2027, but this will be the first time that it tests out larger electric vehicles. The vehicles in question will be Magtec MEV190 electric trucks. These 19-tonne trucks are geared towards urban and regional deliveries, and will be used to ship post and parcels between Royal Mail delivery depots. In that regard, they are testing their…

Dräger Marine & Offshore (DMO), a global leader in the field of safety technology, has secured a long-term deal with a major North Sea oil and gas operator. Due to run for five-years, with a further two one-year extension options, the extension of the existing supply contract means more than 10 UK North Sea assets will continue to benefit from Dräger’s industry leading portable gas detection and breathing apparatus systems. Building on an existing decade-long relationship – which has previously covered the provision of products and training services – this partnership cements DMO’s reputation as a leading provider…

Microsoft locks in up to 3 million nature-based carbon credits through a long-term offtake and fund investment with EFM. First U.S. forestry investment by Microsoft’s Climate Innovation Fund, backing EFM Fund IV to scale climate-smart forest management. Deal raises the bar for Improved Forest Management (IFM) projects, enhancing forest carbon storage, biodiversity, and local economic benefits. Microsoft has entered a landmark agreement with forest investment and management firm EFM to secure up to 3 million nature-based carbon removal credits as part of its broader effort to become carbon negative by 2030. The multi-faceted deal includes a long-term offtake agreement for…

Microsoft announced a new multi-year offtake agreement with forest investment and management firm EFM, providing access to up to 3 million nature-based carbon removal credits from EFM’s investment platform. Launched in 2004, Portland, Oregon-based EFM is a real estate asset manager focused on investing in natural climate solutions across the Americas. EFM’s approach includes using climate-smart management approaches to its investments in forests, farms, and ecosystems to create carbon sinks, protect water and biodiversity, improve recreational access, and support rural livelihoods. Its revenue stream includes carbon credits and conservation easements alongside income from traditional forest products. Under the new agreement,…

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…