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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

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Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
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Government of Canada releases framework for ending fossil fuel subsidies

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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.

Canada 150
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Oxy Low Carbon Ventures, Rusheen Capital Management create company to deploy Carbon Engineering’s direct air capture technology

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Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and to deploy Carbon Engineering ’s large-scale Direct Air Capture (DAC) technology. Carbon Engineering’s DAC technology has four major elements.

Carbon 221
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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

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

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—“State of Finance for Nature”. It stresses the need to accelerate capital flows rapidly to nature-based solutions by making nature central to public- and private-sector decision-making related to societal challenges, including tackling the climate and biodiversity crises. A total investment of $8.1

Financing 296
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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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In the report, Deloitte uses clean hydrogen to encompass both green hydrogen— produced from renewable electricity via electrolysis—and blue hydrogen—produced via natural gas coupled with carbon capture and storage. Overall, this outlook shows clean hydrogen delivering crucial carbon emission reductions.

Clean 429
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Oregon Governor Signs Climate Change Bills, Including Low Carbon Fuel Standard and B2

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Oregon Governor Ted Kulongoski signed into law a series of bills constituting a climate change package that includes a low carbon fuel standard (LCFS), a B2 mandate, and other transportation-related measures. Authorizes the Environmental Quality Commission (EQC) to develop a low carbon fuel standard that would sunset in 2015.