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EDF secures €1.25 billion through a green hybrid bond, structured to align with EU taxonomy. Proceeds earmarked for extending the lifetime of France’s existing nuclear fleet, with emissions at 4 gCO₂/kWh. Issue priced at 4.375% coupon until 2031, with settlement scheduled for October 6 on Euronext Paris Paris Secures Funding for Nuclear-Linked Transition EDF has raised €1.25 billion (USD 1.35 billion) through a green hybrid bond issue, a financing move the French utility said will help extend the operating life of its domestic nuclear reactors while keeping its energy transition on track. The perpetual subordinated notes, priced at an initial…
Gazprom delivered a record-high volume of natural gas to domestic customers on September 30 as a cold snap gripped Russia, the Russian gas giant said on Thursday. “The increase in gas consumption is associated with a sharp cold snap and the start of the heating season in many regions of the country,” Gazprom said, as carried by Russian news agency Interfax.On September 30, Gazprom delivered as many as 1 billion cubic meters of gas through the Unified Gas Supply System, GCSS, beating the record from the previous day, September 29, when it supplied 982.1 million cubic meters of gas to Russian customers. Gazprom’s domestic…
Apollo strengthens its leadership bench with the appointment of Jaycee Pribulsky, former Nike CSO, to lead sustainability strategy. Transition follows the planned retirement of inaugural CSO Dave Stangis, who built Apollo’s sustainability platform since 2021. Move reinforces Apollo’s integration of ESG risk and opportunity analysis across its $600bn+ investment platform. A Leadership Transition at Apollo Apollo Global Management has named Jaycee Pribulsky as Partner and Chief Sustainability Officer, effective October 1, marking a significant leadership transition at one of the world’s largest alternative asset managers. Pribulsky, who most recently served as Chief Sustainability Officer at Nike, will take the reins…
Paris-based VC firm Serena secures €200 million ($215 million) in first close of its fourth flagship fund, targeting €250 million by 2026. Focus on early-stage investments in applied AI and climate technology, with up to €15 million per startup. Portfolio already spans climate risk insurance, sustainable energy, and carbon tech, positioning Serena as a key financier in Europe’s climate transition. Paris Fundraise Backs Europe’s Climate and AI Ambitions European venture capital firm Serena has closed €200 million in commitments for its fourth flagship fund, drawing in a mix of long-term backers and new institutional and private investors. The Paris-based firm…
$1 billion facility in Georgia to produce Rivian’s next-generation R2 and R3 electric vehicles from 2028. Project expected to create 7,500 direct jobs and nearly 8,000 indirect jobs, generating more than $1 billion in annual labor income by 2030. State partnership integrates workforce training, local business development, and community engagement to strengthen the clean energy economy. Rivian Breaks Ground on Georgia Expansion Rivian has launched a $1 billion electric vehicle (EV) manufacturing project in Georgia, deepening the United States’ commitment to clean transport and green industry growth. The 809-hectare facility, slated to begin construction in 2026, will be the company’s…
Six engineered CDR methodologies gain ICVCM approval, expanding supply of high-integrity credits as EU and UK weigh integration into compliance markets. Projects under the new standards could issue more than 3.2 million credits annually, with growing pipelines in the Global South. Two updated forestry protocols also receive full approval, adding potential for up to 9.5 million credits a year. Expanding the Carbon Removal Rulebook The Integrity Council for the Voluntary Carbon Market (ICVCM) has approved a new suite of methodologies for engineered carbon dioxide removal (CDR), strengthening governance of one of the market’s fastest-emerging segments. The approvals extend the ICVCM’s…
EnerMech has won a significant contract to provide subsea pre-commissioning and specialist services for a major offshore gas development in Australia’s East Browse basin. The work will support the second phase of the project’s installation campaign, scheduled between October 2025 and April 2026. The contract scope includes riser and umbilical services such as flooding, top-up, and leak testing of flexible risers, along with post-loadout and post-installation testing of dynamic umbilicals. Offshore activity will center on a floating liquefied natural gas (FLNG) facility, with supporting work carried out across sites in Malaysia and Australia. “This is a significant gas development and…
2025-10-02T14:35:55Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Elon Musk has become the first person worth $500 billion. Musk’s net worth is closely tied to Tesla stock, which is up around 13% year-to-date. Last month, Oracle chairman Larry Ellison briefly dethroned Musk as the world’s richest person. Elon Musk is halfway to being the very first member…
Berkshire Hathaway has reached a definitive agreement to acquire Occidental Petroleum’s chemical business, OxyChem, in an all-cash transaction valued at $9.7 billion. The sale, expected to close in the fourth quarter of 2025 pending regulatory approvals, represents one of the largest U.S. petrochemical transactions in recent years. Vicki Hollub, CEO of Occidental Occidental said it intends to use $6.5 billion of proceeds to reduce debt, aiming to lower principal obligations below $15 billion following its late-2023 acquisition of CrownRock. The company noted that the divestment is designed to reinforce its balance sheet while sharpening its focus on oil…
India likely exported the highest-ever monthly volume of diesel to Europe in September, as higher premiums and curbed capacity due to maintenance in Europe incentivized Indian refiners to ship more fuel to the west, Reuters reported on Thursday, citing vessel-tracking data and trade sources. India is estimated to have exported 9.7 million to 10.4 million barrels of diesel to Europe last month—the highest ever in records dating back to 2017, according to trade sources and ship-tracking data from Kpler and LSEG.The widening east-west diesel spread incentivized shipments from India to Europe, while shipping costs have dropped since the end of August…