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EU carbon market weekly update - 21 August 2017
21 August 2017A mixed week for carbon as it spent time in both negative and positive territory before, as expected, ultimately ending the week flat at €5.40.
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Biomass firm buys 72MW of Green Investment Bank facilities
21 August 2017A 72MW portfolio of biomass and waste-to-energy facilities has been acquired from the Green Investment Bank (GIB) by renewables investment firm Bioenergy Infrastructure Group (BIG) for an undisclosed sum.
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CalPERS warns Elliott about short-termism on NRG
21 August 2017US pensions giant CalPERS has warned NRG Energy against short-termism as the independent power producer works with activist shareholder Elliott Advisors to implement its new transformation strategy.
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TCFD recommendations could improve credit rating process, says S&P
21 August 2017Increased corporate reporting of climate related risks – as called for by the Task Force on Climate-related Financial Disclosures (TCFD) – should help S&P Global improve its credit rating process, the company said.
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Low-carbon fund doubles in size to £4bn
18 August 2017HSBC's UK pension fund has doubled its allocations to the award-winning, low-carbon Future World Fund to nearly £4 billion ($5 billion), Environmental Finance has learned.
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Macquarie completes acquisition of Green Investment Bank
18 August 2017The UK government must develop a new strategy for private sector investment after a Macquarie-led consortium completed its £2.3 billion ($2.96 billion) acquisition of the Green Investment Bank (GIB), according to a group of business leaders.
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People Moves: HSBC, MSCI
18 August 2017Farnam Bidgoli, Sustainalytics' former head of sustainable bonds in Europe, has been hired by HSBC to bolster the bank's efforts in the sustainability bond arena.
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Hannon Armstrong prices $135m of convertibles
18 August 2017Hannon Armstrong Sustainable Infrastructure Capital (HASI) has priced a $135 million offering of convertible senior notes.
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$44m water treatment bonds 'at top end' of S&P assessment
18 August 2017$44 million of unlabelled green bonds issued by a US utility for water management projects have been assigned S&P Global Ratings' highest score for their predicted positive environmental impact.
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US SIF issues five-step sustainable investment plan for DC pension sponsors
17 August 2017Recommendations to help pension plan sponsors include sustainable investments in defined contribution (DC) retirement plans have been issued by US SIF.