(Bloomberg) — Rwanda said it plans to work with a carbon-project development company to work toward selling the offsets to Singapore.The Rwanda Development Board said it will work with a venture backed by Chinese carbon finance company Climate Bridge Group to identify and develop eligible projects, the partners said in a statement on Wednesday.Rwanda has agreed to a plan to aim to sell carbon credits to Singapore under a so-called Article 6.2 agreement, which falls under the international Paris Agreement climate treaty and allows nations to trade emissions offsets. Singapore has signed similar agreements with Papua New Guinea, Ghana, Bhutan,…
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Image source: Getty Images Every now and again, a company makes a bold move that puts it firmly on income investors’ radar. One such name is Chesnara (LSE: CSN), the life and pensions consolidator that recently joined the FTSE 250. Its rise has been remarkable. On 7 April, Chesnara was valued at just £366m. Fast forward four months, and it’s almost doubled in size to a market-cap nearing £700m. Created on TradingView.com So what lit the fuse? The spark came in early July when Chesnara announced a £260m cash deal to buy HSBC’s specialist life protection and investment bond provider.…
Today’s ESG Updates: Net-Zero Banking Alliance Suspends Operations: A recent wave of bank departures puts the climate finance alliance on pause. UK Electricity Prices Threaten Net-Zero Goals: Rising electricity costs, driven by gas-linked pricing and additional levies for renewable energy, are limiting green investment. Rwanda to Sell Carbon Credits to Singapore: Singapore will utilize the credits to help meet its climate targets, while Rwanda seeks revenue for sustainable development. Delta Pays $78.75 Million to Settle Fuel Dump Lawsuit: Delta has settled a high-profile environmental lawsuit tied to its 2020 fuel dump in Los Angeles. Net-Zero Banking Alliance halts operations as…
Today’s ESG Updates: Net-Zero Banking Alliance Suspends Operations: A recent wave of bank departures puts the climate finance alliance on pause. UK Electricity Prices Threaten Net-Zero Goals: Rising electricity costs, driven by gas-linked pricing and additional levies for renewable energy, are limiting green investment. Rwanda to Sell Carbon Credits to Singapore: Singapore will utilize the credits to help meet its climate targets, while Rwanda seeks revenue for sustainable development. Delta Pays $78.75 Million to Settle Fuel Dump Lawsuit: Delta has settled a high-profile environmental lawsuit tied to its 2020 fuel dump in Los Angeles. Featured ESG Tool of the Week:…
A US-based biochar project developer has raised $11.5 million in seed funding to strengthen its software and financing platform that… Source link
Image source: Getty Images I’ve got my eye on a number of UK shares right now and three of them have something in common. They’ve all been facing challenges recently, but I think they could be good long-term opportunities. In a couple of cases, the businesses are showing signs of recovery but the stocks are still heavily discounted. The third’s riskier, but I’m looking to add to my existing investment. Turnaround time Shares in FTSE 100 distribution firm Bunzl crashed 25% in April when the company announced issues with its North American operations. But the latest update is much more…
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Editor’s note: A version of this article originally ran on Human Transit and is republished with permission. The Pennsylvania State Senate has decided that the transit system of America’s fifth largest city should be substantially destroyed. Similar dramas are playing out in Illinois, Oregon, and Rhode Island. Each crisis has arisen from the state legislature’s refusal to find new funding to save public transit, but Pennsylvania is the first state to actually push its biggest transit agency over the cliff.Oregon will be next to decide, at a special legislative session in late August. Look for action in Illinois later this fall.In the Philadelphia…
Image source: Getty Images The BT Group (LSE: BT.A) share price has doubled in the past five years. How much higher can it go? One website — not an established investment site — tips BT to grow around 25% a year between now and 2030. That’s a trebling to around 690p in five years. But we need to be wary of such price forecasts, especially when they don’t come from investment firms with expertise to back them up. And even with expertise, we need caution. What’s the reasoning behind share price targets? Do earnings forecasts justify them? That 690p target’s…