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AIG Investments culls sustainability team
29 October 2009AIG Investments is shedding its sustainable investment division, following its acquisition by Pacific Century Group, a Hong Kong-based private equity firm.
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Soros to invest $1bn in clean-tech
15 October 2009Billionaire hedge fund manager George Soros has said he will invest $1 billion in clean technology, in a bid to tackle climate change.
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Robeco raising third clean-tech fund
15 October 2009Dutch investment manager Robeco is raising capital into its third clean-tech private equity fund-of-funds, according to its global head of private equity.
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FRR calculates climate risk to asset classes
08 October 2009Long-term investors should consider shifting out of equities and into bonds, unless they believe ambitious efforts to tackle climate change are likely, a working paper by French pension fund Fonds de Reserve pour les Retraites (FRR) suggests.
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Corrected: Industry questions Commission's CCS shortlist
08 October 2009The European Commission has proposed a list of six carbon capture and storage (CCS) projects to receive a total of €1.05 billion ($1.6 billion) in funding, but industry representatives are concerned about the lack of transparency involved in the selection procedure.
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US government watchdog suggests ethanol tax credit unneccesary
07 October 2009The top US government watchdog has cast doubt on the necessity of federal ethanol subsidies, drawing a sharp rebuke from the Renewable Fuels Association (RFA).
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Insight Investment SRI team facing redundancy
01 October 2009The leading socially responsible investment (SRI) team at Insight Investment is likely to be made redundant, following the break up of the UK-based asset manager.
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Climate revenues soar – but renewables snag HSBC index
01 October 2009Corporate revenues related to climate change rose globally by 75% in 2008, according to HSBC – but its Climate Change Index has underperformed global equities by 0.8% since its inception in 2007.
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Westly raises $120m for VC fund
01 October 2009Californian venture capital firm Westly Group has closed a second clean-technology fund at $120 million, beating its goal of raising $100 million.
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Clean-tech VC investments overtake IT and biotech
01 October 2009Venture capital (VC) investments in clean-technology companies climbed to $1.59 billion over the last three months, as national stimulus packages brought some confidence back to the sector, according to the Cleantech Group and Deloitte.