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Concordia Vows to Divest From Fossil Fuels, Invest in Sustainable Funds
Concordia University is pledging to withdraw all its investments in the coal, oil and gas industries within five years, making it only the third university in Canada to divest from the fossil fuel sector.
- Categories
- Investing
- Region
- Europe & Eurasia
- Tags
- impact investing
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Can Deval Patrick convince voters his work at Bain Capital was a force for good?
As Mitt Romney was solidifying his spot as the front-runner in the 2012 Republican primary, Barack Obama came out with a devastating campaign ad. Romney, an accomplished businessman who cofounded private equity firm Bain Capital in 1984, was running on his ability to resuscitate a struggling economy. One high-profile Obama ally who didn’t join in the Bain bashing was the Massachusetts governor, Deval Patrick.
- Categories
- Investing
- Region
- North Africa & Near East
- Tags
- impact investing
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Fossil Fuel Subsidies And Impact Greenwashing Are Stalling The Energy Transition
Since 1800, worldwide consumption of fossil fuels has increased 1,300-fold. Access to this cheap energy has lifted people out of poverty and catalyzed economic growth, wealth creation and healthier living environments. So, the fossil fuel industry must be remarkably profitable, right? After all, if renewables like solar and wind were competitive in a free market, would we not have switched over by now? Wouldn’t the top of the Forbes Global 2000 be stacked with clean energy companies instead of oil and gas giants?
- Categories
- Investing
- Tags
- climate change, ESG, greenwashing
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Shell and Sumitomo Buy 15 Percent Stake in Minigrid Firm PowerGen
Shell and Sumitomo have taken a minority stake in African minigrid firm PowerGen. The pair will have a combined ownership of 15 percent after leading the most recent funding round alongside six other investors. Shell will get a seat on the board, with Sumitomo taking an observer seat. Financial details of the Series B round were not revealed.
- Region
- Sub-Saharan Africa
- Tags
- off-grid energy
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Omidyar Network CEO Opens up About VC-Influenced Philanthropy
In 2018, coinciding with a strategic shift that saw Omidyar Network spin out several of its initiatives, the firm elevated to CEO Mike Kubzansky, who had started the firm’s Intellectual Capital arm. In a wide-ranging discussion, Scott Bade spoke to Kubzansky about Omidyar Network’s origins and evolution, and his approach to venture philanthropy.
- Categories
- Investing
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Press Release: Aeris Insight Brings Enhanced Transparency and Accountability to Impact Investing with the Launch of Aeris Atlas and Aeris Impact Management Assessments
Aeris has analyzed and rated community investment funds for 15 years and has developed proven, consistent, methodologies for assessing a fund manager’s ability to manage risk and deliver impact. Over that time, Aeris has built a deep bench of analysts—each with decades of professional experience.
- Categories
- Impact Assessment, Investing
- Tags
- impact investing
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Schroders Finalises Majority Stake Purchase in Impact Investor BlueOrchard
UK-based fund manager Schroders has concluded the purchase of a majority holding in Swiss impact investment management firm BlueOrchard.
- Categories
- Investing
- Tags
- impact investing
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Temasek Raises S$385M for Impact Investing Fund, Targets Agriculture
The fund will look for companies that demonstrate commitment to generating a positive, measurable social or environmental impact, alongside the ability to deliver compelling risk-adjusted returns.
- Categories
- Investing
- Region
- Asia Pacific
- Tags
- impact investing