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Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

Green Car Congress

OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.

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Mayor of London announces £70M+ green fund to finance low carbon waste and recycling infrastructure

Green Car Congress

The Mayor of London, Boris Johnson, announced an innovative fund totalling at least £70 million (US$114 million) which will finance low carbon waste and recycling infrastructure. The London Green Fund is the first UK fund to combine European, public and private finance to invest in environmental infrastructure.

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Geely raises $400M via Green Bonds sale to develop and produce TX5 range-extended electric London taxis

Green Car Congress

China’s Zhejiang Geely Holding Group (ZGH) has raised $400 million through the first Green Bond sale on the offshore market from a Chinese automobile company to support the design, development and production of range-extended electric vehicles by its UK subsidiary, the LondonTaxi Company (LTC), manufacturer of the iconic London Black Cab.

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H2X Global secures US$57M from Verde Mobility to deliver on US$300M in fuel cell vehicle orders

Green Car Congress

The deal will finance the delivery of H2X Global’s US$300 million in purchase agreements for vehicles that include the Warrego (utility vehicle), Paroo (garbage/deliver/concrete trucks), and Swan (passenger bus). The funds will also support H2X Global’s planned listing on the London Stock Exchange. million investment into H2X.

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UK accelerates end of sale of new gasoline and diesel cars to 2030, hybrids to 2035

Green Car Congress

Nearly £500 million (US$664 million) to be spent in the next four years for the development and mass-scale production of electric vehicle batteries, as part of a commitment to provide up to £1 billion (US$1.3 billion), boosting international investment into strong manufacturing bases including in the Midlands and North East.

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LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

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Patel Professor of Economics and Government at the London School of Economics and Political Science (LSE), with a team from the LSE. Additional investments of $150 billion per year are needed in “ productive, sustainable and efficient agricultural systems ”.

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Volkswagen, Stellantis and Glencore backing ACG in $1B purchase of Brazilian nickel sulfide and copper mines

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Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. It plans for an average copper equivalent production of c. lb nickel for open pit; c.

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