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Dreyfus to use DJSI index for mutual fund
01 February 2009Dreyfus, part of BNY Mellon Asset Management, has launched its Global Sustainability Fund, claiming it is the first US mutual fund invested in stocks picked from the Dow Jones Sustainability World Index (DJSI World).
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Mixed outlook for clean-tech VC in '09 Mixed outlook for clean-tech VC in '09 Mixed outlook for clean-tech VC in '09 Mixed outlook for clean-tech VC in '09
01 February 2009Clean-tech companies are set to escape a predicted slow-down in venture capital funding in 2009, according to a survey by the US National Venture Capital Association (NVCA). But the Cleantech Group – a US-based analysis company – is predicting a drop in investments from a record $8.4 billion in 2008 to $7 billion in 2009 as a result of the economic downturn.
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Wal-Mart promises to accelerate sustainability effort
29 January 2009The incoming CEO of US retail giant Wal-Mart has reiterated the firm's commitment to sustainability, pledging to reduce packaging and environmentally-damaging detergents – but many of its critics remain to be convinced.
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EC proposes €1.75 bn CCS, renewables boost
29 January 2009European Union energy projects, including carbon capture and storage (CCS) technology and offshore wind farms, could receive a €3.5 billion ($4.6 billion) cash injection under plans proposed by the European Commission on Wednesday.
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Panda Ethanol subsidiary goes bankrupt
29 January 2009A subsidiary of Panda Ethanol in the US has filed for protective Chapter 11 bankruptcy and is in negotiations to sell its troubled ethanol refinery project in Hereford, Texas, following a financial dispute with a major lender.
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$250m environmental fund to chase 'cheap' assets
29 January 2009Geneva-based asset manager Unigestion is to launch an environmental private equity fund-of-funds that aims to take advantage of "the significant fall in the price of sustainability assets to levels not seen since 2004".
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UK biofuels below par on sustainability
21 January 2009The UK's petrol and diesel industry is falling short on supplying sustainable biofuels, a government agency reported on 15 January, the same week in which renewable fuels associations were rapped for describing biofuels as "sustainable" in an advertising campaign.
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Asset managers must do more on climate, says Blood
11 December 2008David Blood has questioned why investors are not insisting that asset managers take climate change risks and opportunities into account.
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Investors warned of water-related risks
01 December 2008Investors are failing to recognise financial risks related to water scarcity, according to the author of a report issued by the European Sustainable Investment Forum (Eurosif).
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World Bank issues first 'green' bond
01 December 2008The World Bank has issued its first bond where the proceeds will be directly invested in climate change-related projects. The bond is the first product of a wider Bank effort, in collaboration with large institutional investors, to direct large-scale institutional money towards tackling climate change.