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PRI launches major review of reporting and assessment process
17 June 2011The Principles for Responsible Investment (PRI) is to carry out a "massive review" of its reporting and assessment process, to reflect evolving practices in responsible investment.
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US ethanol tax break survives repeal effort
16 June 2011Tax credits for ethanol production remain on the US statute books, after an effort by Senate Republicans to repeal the support mechanism failed.
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Sustainability rating standard needed to 'avoid next BP' – Ceres, Tellus
16 June 2011Investor coalition Ceres and the Tellus Institute have launched an initiative to develop a standardised corporate sustainability ratings – with the aim of "avoiding the next BP disaster".
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Dump biofuels subsidies to stabilise food prices – report
13 June 2011Government subsidies for biofuels should be scrapped to help ease pressure on global food prices, says a report by the UN, the World Bank and the International Monetary Fund.
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Connecticut lawmakers give thumbs up to green bank, bonds for energy retrofits
09 June 2011Connecticut lawmakers have passed comprehensive energy legislation establishing the first state-level green bank in the US and allowing the creation of municipal bond programmes to pay for energy retrofits, albeit with a key modification to avoid the wrath of federal regulators.
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US clean energy target: casualty of nuclear meltdown
09 June 2011The nuclear disaster in Japan has killed the chances for a US clean energy standard (CES), according to a top Congressional staffer.
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Most firms failing on water risk management – report
09 June 2011A vanishingly small proportion of large companies are adequately managing risks posed by water shortages, drought and pollution, according to research by EIRIS.
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Shell, Cosan launch $12bn ethanol venture
07 June 2011Shell has combined forces with Brazilian ethanol company Cosan and launched a $12 billion joint venture, named Raizen, in one of the biggest biofuel deals to date.
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KKR blows into French wind
07 June 2011Kohlberg Kravis Roberts & Co (KKR) has formed a joint venture with an Italian developer to tap the French wind market, in the private equity giant's first European renewables investment.
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Renewable chemicals firm files for $125 million IPO
02 June 2011A firm developing renewable substitutes for petroleum-based chemicals plans to raise $125 million in an initial public offering (IPO) on Nasdaq.