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Chinese PE fund targets $350m
01 September 2009Chinese private equity firm Nature Elements Capital is hoping to raise $350 million into US dollar and yuan-denominated funds over the next two years to invest in clean energy projects and companies.
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Cheviot eyes October launch for climate fund
01 September 2009UK-based Cheviot Asset Management is hoping to launch a sustainability-orientated investment fund in October with £20 million ($32 million) in commitments, according to its recently appointed portfolio manager Claudia Quiroz (see People, page 14).
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CCC to manage Russell equity fund
01 September 2009US-based Russell Investments has launched an equity fund that aims to outperform by "investing in a manager that takes high-conviction active positions in companies that are affected by climate change".
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Investors' votes add climate pressure on companies
27 August 2009Activist shareholders are seeing growing support from investors in US and Canadian companies for climate change-related resolutions, according to Ceres. One such climate vote at Idacorp, an Idaho-based utility, was the first time an environmental shareholder resolution has passed in 30 years, Ceres said.
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Sugar-to-biofuels firm Amyris raises $25m
26 August 2009California's Amyris Biotechnologies has raised $24.7m to pursue development of its technology to convert sugar cane into biofuels and useful chemicals.
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Norway sovereign fund to focus on water risk
20 August 2009Norway's $394 billion sovereign wealth fund has identified water supply as a risk to 11% of its portfolio – adding the issue to climate change and a number of social concerns on which it will pressure the companies in which it invests.
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WM signs landmark deal for Chinese solid waste firm
13 August 2009Waste Management (WM) will pursue waste-to-energy opportunities in China following its $140 million acquisition of a stake in Shanghai Environment Group (SEG) last week, believed to the single largest foreign investment in China's solid waste management sector.
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Mercer to study green investments for hedge fund giant
13 August 2009Leading hedge fund GLG Partners has asked consulting group Mercer to conduct a study into how the perceived need to tackle climate change and other environmental issues is impacting mainstream investing.
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TMO raises £11m for bacterium-based ethanol technology
12 August 2009TMO Renewables has raised £11m ($18m) from the sale of new shares to help fund the roll-out of its "second-generation ethanol" technology, the company said last week.
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BAE partners with Lignol on cellulosic ethanol
29 July 2009UK defence and aerospace giant BAE Systems has signed a memorandum of understanding with Canadian biorefiner Lignol Energy – including the possible financing of commercial-scale cellulosic ethanol projects.