Abdul Latheef

Apr 17, 2024 | tradingview.com | Abdul Latheef |Jeff Barber

Chevron Launches $500 Million Fund Focusing On Renewable Energy Technologies — OPISCVXChevron Technology Ventures will invest $500 million in renewable energy technologies through its Future Energy Fund III, Jim Gable, president of the firm, said Tuesday at the Bloomberg New Energy Finance summit in New York. CTV is the venture capital arm of the U.S. oil major Chevron. The first two funds, launched in 2018 and 2021 respectively, committed a total of $400 million in investment.

Mar 25, 2024 | tradingview.com | Abdul Latheef |Jeff Barber

DOE Offering $6 Billion From Infrastructure Bill to Fund to Decarbonization of Industrial Sector — OPISThe U.S. government will provide up to $6 billion for 33 projects designed to cut carbon emissions from hard-to-abate industries, the Department of Energy said on Monday, calling it the largest such investment in the country's history. The money will come from funds authorized by the 2021 Bipartisan Infrastructure Law and Inflation Reduction Act, DOE said.

Feb 21, 2024 | tradingview.com | Abdul Latheef |Jeff Barber

Microsoft Ramps Up Purchases of Carbon Removal Credits With Kenya Deal — OPISMSFTIn its latest purchase of carbon dioxide removal credits, Microsoft has agreed to buy 350,000 CDRs over six years from an agroforestry project in Kenya, the company that financed the venture said on Wednesday. Catona Climate said the Lake Victoria Watershed Agroforestry Project prevents deforestation and biodiversity loss by developing "forest gardens" on lands owned by some 15,000 smallholders in Homa Bay, Kenya.

Feb 14, 2024 | tradingview.com | Abdul Latheef |Michael Kelly

Adani Green Energy's Renewable Energy Park Begins Producing Power — OPISADANIGREENPower has started flowing from the first phase of a 30-gigawatt renewable energy park being built in western India, the company behind the megaproject said Wednesday. Adani Green Energy said it had operationalized the 551-megawatt solar plant in Khavda, Gujarat, by supplying power to the national grid. The company plans to develop the park comprising solar and wind power over the next five years.

Feb 14, 2024 | tradingview.com | Abdul Latheef |Jeremy Rakes

Microsoft to Buy 27,600 Carbon Removal Credits From Swiss Startup Neustark — OPISMSFTMicrosoft has agreed to buy 27,600 carbon dioxide removal credits over six years from Swiss climate technology startup Neustark, the companies said Wednesday. No financial details were disclosed. Neustark specializes in capturing CO2 at source and storing it in recycled concrete. The company operates 14 carbon removal and storage sites with a capacity of over 5,000 metric tons of CO2 per year.