In a major step toward decarbonizing the transport sector, Aramco and Chinese electric vehicle giant BYD have entered into a strategic alliance to accelerate innovation in energy-efficient and low-emission vehicle technologies. The partnership is anchored by a Joint Development Agreement between Saudi Aramco Technologies Company...
DWS Fined €25 Million in Germany Over Greenwashing Allegations
Deutsche Bank’s asset management arm, DWS, has been fined €25 million (approximately USD $27 million) by German authorities for misleading investors about its sustainable investing practices. The fine concludes a multi-year greenwashing investigation led by the Frankfurt public prosecutor’s office. The probe, which bega...
Microsoft Backs India’s Largest Nature-Based Carbon Removal Project
Microsoft has signed its largest carbon removal agreement in the Asia-Pacific region, securing 1.5 million tonnes of carbon removal credits from the Panna afforestation project in Madhya Pradesh, India. The initiative, covering 20,000 hectares, is expected to sequester three million tonnes of CO₂ over three decades while support...
GreenLine Commits $1B to Revolutionize Indian Freight with LNG and Electric Truck Fleet
GreenLine Mobility Solutions, backed by the Essar Group, is launching a $1 billion green logistics push to dramatically scale its fleet of low-emission trucks and build national infrastructure to support the transition. The Mumbai-based company, which currently operates 650 liquefied natural gas (LNG) trucks, plans to grow to 10...
SBTi Targets Big Polluters with New Sector Standards: “Tools to lead the energy transition”
The Science Based Targets initiative (SBTi) is accelerating global decarbonization with a major update to its sector-specific standards, focusing on oil and gas, chemicals, and power—industries responsible for a substantial share of global greenhouse gas emissions. The initiative’s goal is to equip high-impact sectors ...