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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

Green Car Congress

Current levels of investments in low-carbon technology and infrastructure are substantially lower than the $500 billion per year deemed necessary by the International Energy Agency (IEA) to hold the increase of global average temperatures below 2 °Celsius—the target agreed to in Cancun last year.

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Bank of America joins Stanford’s Global Climate & Energy Project

Green Car Congress

Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone.

Climate 218
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Volkswagen joins “Cobalt for Development” initiative

Green Car Congress

The pilot project intends to strengthen legal compliance and improve health and safety conditions as well as social well-being in the south of the Democratic Republic of Congo, where 70% of the world’s cobalt resources are located. The first trainings for mine operators and miners have just begun.

Congo 334
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Energy ministers agree to help speed up global deployment of carbon capture and storage

Green Car Congress

Energy Ministers from around the world have agreed to proposals to help speed up the global deployment of carbon capture and storage. The World Resources Institute released a report titled CCS Demonstrations in Developing Countries: Priorities for a Financing Mechanism for Carbon Dioxide Capture and Storage.

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Summary of decisions from Durban climate conference

Green Car Congress

Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. markets all remain in action as effective tools to leverage global climate action and as models to inform. is not high enough to keep the global average temperature rise below two degrees Celsius, based on forecasts.

Climate 294
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Rockwood Holdings to acquire Talison Lithium for C$724M

Green Car Congress

Rockwood intends to finance the acquisition using existing cash on its balance sheet and new debt financing. This acquisition will enable us to better serve both our existing global customers as well as Talison’s current lithium concentrate customers in China and the rest of the world.

Financing 218
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Tesla boosts its legal team by hiring top securities lawyer

Teslarati

Tesla’s legal team received a boost last month, with the company hiring Derek Windham, a top securities lawyer, as its senior director and deputy general counsel for corporate and securities. He would be reporting to the head of Tesla’s in-house legal team, who, in turn, reports directly to CEO Elon Musk. .

Legal 98