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TotalEnergies Acquires Renewable Energy Developer VSB for $1.7 Billion

ESG Today

TotalEnergies has set targets to expand its renewable energy generation business to reach 35 GW in 2025, and to more than 100 TWh of net electricity production by 2030. Having completed our value creation plan, we believe now is the right time to exit.”

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Mercedes-Benz Pledges to Reduce Emissions from Production by 80% by 2030

ESG Today

Mercedes-Benz announced today a new goal to achieve an 80% reduction in CO2 emissions from production by 2030, on a 2018 basis. The 80% emissions reduction goal follows the achievement by Mercedes-Benz in 2022 of its existing SBTi-approved target to reduce Scope 1 and 2 emissions by 50% by 2030. ESG enables long-term value creation.

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Eni in Talks to Sell Stake in Mobility Transformation Unit to KKR at up to $13.5 Billion Valuation

ESG Today

The potential transaction would value Enilive at between €11.5 Eni has announced plans for Enilive to more than double its biorefining capacity from 2023 to 2026 to more than 3 million tons, and to reach more than 5 million tons per year by 2030. billion and €12.5 billion (USD$12.5 – $13.6

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How Green Methanol Can Help Decarbonize the Chemical Industry

Sphera

Decarbonization progress has not kept pace to achieve targets set by the 2015 Paris Agreement, and last November, at COP26 in Glasgow, nations pledged to adjust their CO2 emissions targets by 2030 in an effort to realign with the goal of net zero by 2050. Methanol as a Cornerstone of Decarbonization.

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Iberdrola Signs €5.3 Billion Credit Line with Rates Tied to Climate, Diversity Goals

ESG Today

Iberdrola has set goals to achieve carbon neutrality in its power generation plants by 2030, and to reach net zero across its full value chain by 2040, and to increase the presence of women in relevant positions to 35 % by 2030. The transaction also enhances our commitment to our ESG goals.”

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Plugging Into the Battery Economy

3BL Media

The global battery economy is shifting into high gear thanks to rapid EV adoption, improving technology and a new urgency for governments and corporates to decarbonize. The next epoch—beginning around 2030—could be marked by significant consolidation, as well as higher levels of standardization and commoditization.

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KKR Acquires $3.2 Billion Stake in Eni’s Sustainable Mobility Business

ESG Today

billion), valuing the unit at $12.8 Eni has announced plans for Enilive to more than double its biorefining capacity from 2023 to 2026 to more than 3 million tons, and to reach more than 5 million tons per year by 2030. billion (USD$3.2 This aligns with our strategy to support transformative energy projects across Europe.