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Attracts $1.3 billion in initial commitments toward $2.5 billion target for private credit energy infrastructure investments. Strategy targets opportunities in renewables, energy storage, hydrocarbons, LNG, and sustainable infrastructure with risk-mitigation features. Backed by leading global institutional investors, including a Canadian pension fund manager, TIAA, and multiple insurers and pensions from Asia. Nuveen has raised $1.3 billion in the first close of its Energy & Power Infrastructure Credit Fund II (EPIC II), a private credit strategy aiming for a $2.5 billion total. The fund is designed to provide bespoke credit solutions to companies across the energy and power sector, capitalizing on…
€51 million second lien financing supports refinancing of eight operational wind farms totaling 218 MW in Finland. Funding structured with bespoke terms to provide flexibility in navigating the evolving Nordic power market. Part of Macquarie’s €4.2 billion debt financing commitment to the renewable energy sector since 2014. Macquarie Asset Management, through its managed funds, has provided €51 million in second lien financing to an onshore wind platform in Finland. The portfolio comprises eight operational wind farms with a combined capacity of 218 MW, located across Central-South Finland, and is owned by funds managed by Helsinki-based renewable energy specialist Taaleri Energia.…
Initiative backed by Shell Foundation and UK Government to scale sustainable solutions in agriculture, energy, mobility, and the built environment. Launches with an 8-week seed accelerator in Nairobi for African startups. Aims to mobilize mission-aligned capital and create long-term economic and environmental impact across emerging markets. 500 Global, one of the world’s most active venture capital firms, has launched its Sustainable Innovation Program to support founders building commercially viable solutions to sustainability challenges across the global south. The program combines strategic capital, multilateral partnerships, and deep expertise to scale ventures that deliver both market returns and measurable impact. The Shell…
TORONTO (AP) — Air Canada started canceling flights on Thursday ahead of a possible work stoppage by flight attendants that could impact hundreds of thousands of travelers.A complete shutdown of the country’s largest airline threatens to impact about 130,000 people a day. The union representing around 10,000 Air Canada flight attendants issued a 72-hour strike notice Wednesday. In response, the airline issued a lockout notice.Mark Nasr, Chief Operations Officer for Air Canada, said the airline has begun a gradual suspension of Air Canada and Air Canada Rouge operations.“All flights will be paused by Saturday early morning,” he said.Nasr said this…
By Tsvetana Paraskova – Aug 14, 2025, 8:00 AM CDT The oil price structure is indicating a shift towards oversupply as prompt futures premiums are softening compared to later-dated contracts. Increased supply from OPEC+, Latin America, and Europe is easing backwardation, a market condition typically seen during tight supply. Traders anticipate demand will slow after the peak summer season, and rising supply will likely lead to an oversupplied market in the fourth quarter. The oil price structure has started to slowly shift as prompt futures premiums are softening compared to later-dated contracts, signaling that the market believes supply would…
Netherlands-based insurance and financial services company Achmea’s investment unit, Achmea Investment Management announced the launch of “Achmea IM PE Partnership Fund – Healthy People & Planet 2025,” a new private equity fund aimed at investing in key impact themes including climate, biodiversity, healthy nutrition and good health. Targeted at Dutch pension funds and other institutional investors, Achmea said that the new fund is aimed at providing investors with cost-efficient access to private equity investments that work towards the goal of healthy people in a healthy society. Achmea said that it has set a €250 million (USD$292 million) target size for…
Nearly 240,000 tonnes of unmanaged plastic waste eliminated since 2019, with over 253,000 tonnes recycled or repurposed. Strategy 2030 to focus on large-scale, high-impact programmes in India, Indonesia, and South Africa, each backed by at least US$100 million in financing. Priority initiatives will address systemic barriers to plastics circularity, starting with difficult-to-recycle flexible plastics. The Alliance to End Plastic Waste has released its Progress Report 2024: Evolving for Impact, highlighting measurable progress over five years and unveiling its Strategy 2030 for scaling solutions toward a circular plastics economy. Since 2019, Alliance-backed initiatives have diverted 239,985 tonnes of unmanaged plastic waste…
The government of Canada has announced investments in 33 projects different projects aimed at improving EV adoption. This includes funding the installation of charger networks; freight and logistics projects; plus fleet modernisation. The projects are split into three main categories. The bulk of funding, $9.7m CAD, will go to 23 projects that specifically focus on improving charging infrastructure across Canada. This will see the installation of over 850 chargers through the Zero Emission Vehicle Infrastructure Program (ZEVIP), with the aim of improving access to EV charging in public spaces. Looking at the details, many of these investments seem to be…
Connects 140+ companies across Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, and Turkmenistan to the world’s largest corporate sustainability initiative. Aims to unify regional efforts in corporate governance, SDG implementation, and ethical business practices. Targets investment, transparency, and green growth amid the region’s rapid political and economic transformation. The UN Global Compact has launched the Central Asia Network, a multi-country office uniting over 140 companies across five nations to accelerate sustainable business practices and alignment with the Sustainable Development Goals (SDGs). The initiative will provide companies with tools, training, and global connections to improve corporate governance, foster transparency, and meet rising demands for…
ICVCM endorses Verra’s biochar and improved forest management (IFM) methodologies as meeting Core Carbon Principles for scientific rigor and environmental integrity. Biochar methodology (VM0044) locks carbon away for centuries through responsible production and use in soil and durable products. IFM methodology (VM0045) pioneers the use of dynamic baselines from real-world forest inventory data, replacing static models. Verra’s latest win in the voluntary carbon market comes as the Integrity Council for the Voluntary Carbon Market (ICVCM) approves two of its methodologies — VM0044 Biochar Utilization in Soil and Non-Soil Applications, v1.2, and VM0045 Improved Forest Management Using Dynamic Matched Baselines from…