The project will consist of 1.5 million solar panels that will create 500 jobs and generate about 800 million kWh per year, enough to power more than 100,000 homes.
TCI Fund Management – with $30 billion in assets – is pushing portfolio companies to dramatically reduce greenhouse gas emissions and disclose their carbon footprint. If they don’t, they’ll oust their boards or dump their shares.
Sean Kidney, CEO at Climate Bonds Initiative, said: “The 2019 results and 2020 estimates bring the vital international milestone of $1trillion in annual green investment by 2021/2022 into sight.
The multinational investment bank has updated their energy policy for the first time since 2015, stating that they will end financing for new drilling or exploration in the Arctic.
The bank will end its financing of oil, gas, and coal projects after 2021, a policy that will make the EU’s lending arm the first multilateral lender to rule out financing for projects that contribute to the climate crisis.
Governments of 27 countries across the world have pledged $9.8 billion to the Green Climate Fund to help poor nations tackle climate change.
“When someone cannot get their foot in the door to compete for a job, it is bad for business and bad for communities that need access to economic opportunity,” said JPMorgan CEO Jamie Dimon.
Eight major banks have announced their commitment to ending their support of the immigration detention center and private prison industry.
Global investment in new capacity for renewable energy is on course to reach $2.6 trillion by the end of this decade, more than triple the amount of the previous decade, the UN says.
This decision was announced in the wake of a petition directed at PNC circulating from the Families Belong Together coalition of over 250 activist groups, representing over 11 million people.
