EU approves sale of Johnson Controls’ power business to Brookfield

Its business unit develops batteries for cars

Japanese trading house ITOCHU announces coal exit

It is part of the company’s efforts to help reduce greenhouse gas emissions

Rivian
Amazon invests $700m in Rivian

The multinational corporation is leading a new round of investment in the EV startup

EU invests €116m in climate and environmental projects

They include the development of sustainable public transport and infrastructure for cycling and electric vehicles

Sustainable finance
Businesses call for action on UK’s sustainable goals

A roundtable meeting came together to help accelerate growth of sustainable finance across the country

BP
Banning single-use plastics ‘could lead to higher carbon emissions’

That’s according to a new report published by BP, which says banning plastics would slash oil demand

Shell enters home energy storage market with German acquisition

The announcement comes less than a year after the oil and gas giant made an investment in sonnen

US flag and oil derrick
US oil output ‘to soar above 13m barrels per day in 2020’

That’s the prediction made in the latest monthly forecast published by the Energy Information Administration

World Bank grants $7.6m for renewable energy in Nepal

The project aims to address the barriers to private sector participation in the mini grid sector for renewables

Japanese firm invests £10m in UK green energy supplier Tonik

Tonik Energy supplies green power and integrated grid services to around 100,000 households in the UK