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? Alterra’s $30B bridge for climate financing #176

Climate Tech VC

The first few days of COP have ushered in a wave of major announcements and funding pledges. Al Jaber as Chairman of Alterra, and also host of COP28, has already stirred controversy due to his role as President of ADNOC and rumored intention to broker fossil fuel deals during COP. Happy Monday!  Execution questions marks.

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? Blackrock’s $550M DAC bet #174

Climate Tech VC

Blackrock makes a half-a-bill bet on Oxy’s DAC plant, Stratos, in a bid to capitalize on IRA’s shiny new credits and put DAC on the fast track.   In other news, project cancellation woes abound with NuScale canceling its first-of-a-kind SMR project.   Thanks for reading!

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Reuters, New York Times Top List of Fossil Fuel Industry’s Media Enablers

DeSmogBlog

All of the companies reviewed — Bloomberg, The Economist, The Financial Times, The New York Times, Politico, Reuters, and The Washington Post — top lists of most-trusted news outlets in both the U.S. “People are reading about it in the news, that’s what shapes their understanding. and Europe.

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'Cautious optimism': Hopes remain high for 1.5C focus as COP26 talks spill into weekend

Business Green

The findings further fuelled the cautiously optimistic mood that has built up during the first week of talks at COP26, which has seen a raft of new net zero pledges from emerging economies and a series of global deals to increase flows of climate finance, better protect forests, accelerate clean tech deployment, and curb methane emissions.

COP 67
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Can the government bring an end to the COP26 confusion?

Business Green

The general consensus amongst seasoned observers of both Whitehall and the UN's COP talks is that there is time to deliver the successful summit that the UK and the wider world so desperately needs, but it has been an disappointing and chaotic start to proceedings and the clock is ticking.

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COP27: 10 things businesses have learnt from the Sharm El Sheikh Summit

Business Green

That has to be good news and helps explains why COP27 will be seen by many countries as a qualified success. Like the World Cup that kicked off within hours of the gavel coming down in Sharm El Sheikh, COPs provide a regular temperature check for global geopolitics. Petrostates are still not fully onboard with the Paris Agreement.

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COP26: Fears grow over UN climate summit amid coronavirus fallout

Business Green

UK government insists it is on track to deliver crucial UN Climate Summit in November as planned. Hearing COP looking increasingly likely to be cancelled/postponed. We are monitoring the situation closely and will be guided by scientific advice in the run up to the event," a COP26 spokesperson said.