Microsoft Makes First Climate Fund Investment, Joins Green Group
(Bloomberg) — Microsoft Corp. said the first investment for its $1 billion climate fund will be in venture capital firm Energy Impact Partners. The software maker also joined with Nike Inc., Starbucks Corp., Unilever NV and Danone SA in a new…
Stock Market News for Jul 21, 2020
U.S. stock markets closed higher on Monday as the tech rally resumed after the gap of a week. Moreover, positive developments on the coronavirus treatment front and expectations of a fresh dosage of fiscal stimulus from the U.S. government strengthened…
Apple pledges to be 100% carbon neutral by 2030
Apple announced an ambitious pledge Tuesday — unveiling a plan to make all the company’s supply chains and products entirely carbon neutral by 2030. “Businesses have a profound opportunity to help build a more sustainable future, one…
Did Hedge Funds Make The Right Call On American Axle & Manufacturing Holdings, Inc. (AXL) ?
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of…
EU leaders slash climate budgets by tens of billions to cover coronavirus recovery package
European Council President Charles Michel (L) speaks with Emmanuel Macron (R) and Dutch prime minister Mark Rutte: John Thys, Pool Photo via AP European Union leaders are set to slash tens of billions of euros from funds aimed at preventing catastrophic…
Coal Demise Forces $1 Billion Writedown for Swedish Utility
(Bloomberg) — Vattenfall AB took a massive hit on the value of a new German coal plant in yet another sign of how the fossil fuel is struggling in Europe. The Swedish utility wrote down the value of the Moorburg facility in Hamburg by 9.1 billion…
Biden to propose $775 billion child care, elder care plan, funded largely by wealthy real estate investors
Presumptive Democratic presidential nominee Joe Biden will unveil a sweeping proposal Tuesday to help families pay for child care for children 4 and under, in-home elder care for aging parents, and long-term care for the disabled. The plan, estimated to…
Apple’s 2030 carbon-neutral pledge covers itself and suppliers
Apple has announced a target of becoming carbon neutral across its entire business and manufacturing supply chain by 2030. The company says the commitment means its devices will have had “zero climate impact” at point of sale. It told BBC…
Commodities Trader Turns Utility in Green Energy Venture
(Bloomberg) — Hartree Partners LP, the commodities firm formed by a pair of Goldman Sachs Group Inc. traders, is starting a new unit that will build renewable energy plants to supply customers with emissions-free electricity. Companies from…
Coal’s Demise Forces $1 Billion Writedown for Swedish Utility
(Bloomberg) — Vattenfall AB took a massive hit on the value of a new German coal plant in yet another sign of how the fossil fuel is struggling in Europe. The Swedish utility wrote down the value of the Moorburg facility in Hamburg by 9.1 billion…