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

Green Car Congress

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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11 more GM facilities worldwide go landfill-free; total up to 122

Green Car Congress

The running total is 122 manufacturing and non-manufacturing operations spanning Asia, Europe, and South and North America that recycle, reuse or convert to energy all waste from daily operations. Colmotores Assembly in Colombia launched awareness campaigns that engaged employees in reducing waste and sorting it correctly.

GM 225
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DOE to award $118M to 17 projects to accelerate domestic biofuel production

Green Car Congress

Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment. This project will demonstrate the conversion of gaseous carbon wood wastes (terpenes) to renewable Terpenes SAF blending components.

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Valero invests in Mascoma; to invest up to $50M in commercial wood-based cellulosic ethanol biorefinery

Green Car Congress

Valero Energy Corporation, the US’ largest independent oil refiner, has invested in cellulosic biofuels and consolidated bioprocessing company Mascoma Corporation ( earlier post ). Valero Energy Corporation is an international manufacturer and marketer of transportation fuels, other petrochemical products and power.

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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.

Financing 150
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Energy 2030 outlines steps to double US energy productivity by 2030; spend $166B a year to net savings of $327B

Green Car Congress

The recommendations are organized under three overarching strategies: Invest in energy productivity throughout the economy. Establish state and local programs for financing of efficiency measures, which may use repayment on utility bills or on property tax bills (the capital could be provided by institutional investors).

Energy 236
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CalSEED awards $4.2M to early-stage clean energy innovations

Green Car Congress

They will create an EV climate loan and lending platform that saves most drivers more than $200 per month on an electric car loan by incorporating thousands of dollars in EV rebates and incentives into the upfront financing of each car.

Clean 371