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Government of Canada releases framework for ending fossil fuel subsidies

Green Car Congress

The Assessment Framework builds on Canada’s commitment under the 2021 Glasgow statement to end new direct public support for the international unabated fossil fuel energy sector. Canada is also committed to phasing out public financing of the fossil fuel sector. Support clean energy, clean technology, or renewable energy.

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Polestar enters into strategic partnership with Industrial Bank in China

CN EV Post

The two will cooperate globally in credit financing, retail lending, and international business. For more articles, please visit CnEVPost. The post Polestar enters into strategic partnership with Industrial Bank in China appeared first on CnEVPost.

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Ardian, FiveT Hydrogen launch largest clean hydrogen infrastructure investment platform Hy24; €1.5B for first fund

Green Car Congress

Other large international industrial players, all strongly committed to carbon neutrality, also intend to join the initiative. The international tender process to select Hy24 and to engage industrial investors was arranged by Société Générale. These include: Groupe ADP, Ballard, EDF and Schaeffler. More are expected soon.

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Elon Musk is reportedly looking to tie up less of his wealth in Twitter deal

Teslarati

The firms and others Musk is speaking to could take on more financing in the deal, which would tie up less of his wealth in the acquisition, a new report from Reuters said. The margin loan could be trimmed based on the new investor interest in the deal financing. billion in Tesla stock to fund the Twitter deal.

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Three veterans join leadership team of Lohum Cleantech – ET Auto

Baua Electric

The company onboarded veteran investor Sachin Maheshwari as Head of Corporate Development, finance leader Nitin Goel as Chief Financial Officer (CFO), and R&D Pioneer Chidambaram Mandan as Vice-President and Head of R&D and Quality Control.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

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The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs). Increased shareholder activism, combined with global warming policies of institutional investors and NGOs, are pushing IOCs in a corner, constricting financing options for oil companies.

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