{"id":82326,"date":"2024-02-12T00:00:00","date_gmt":"2024-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/02\/12\/indias-jsw-signs-mou-for-usd-5-bn-investment-in-ev-manufacturing\/"},"modified":"2024-02-12T00:00:00","modified_gmt":"2024-02-12T00:00:00","slug":"indias-jsw-signs-mou-for-usd-5-bn-investment-in-ev-manufacturing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/02\/12\/indias-jsw-signs-mou-for-usd-5-bn-investment-in-ev-manufacturing\/","title":{"rendered":"India\u2019s JSW signs MoU for USD 5 bn investment in EV manufacturing"},"content":{"rendered":"

New details on JSW\u2019s EV plans in India: <\/strong>India's JSW Group<\/a> has signed an agreement with the government of east Indian state Odisha to establish EV and battery plants in two cities for INR 400 bn (USD 4.9 bn), Reuters<\/a> reported Saturday. The company first spoke of its investment plans<\/a> last month along with targets to boost its EV sales up to 30% from 2% in 2023. <\/p>\n

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Dutch pension fund PFZW ditches Shell and TotalEnergies: <\/strong>Dutch healthcare workers\u2019 pension fund PFZW has divested EUR 2.8 bn in holdings across 310 EU oil and gas companies on the back of poor climate action strategies, according to a statement<\/a> released on Thursday. The company \u2014 which managed a EUR<\/a>238 bn portfolio<\/a> by the end of last year \u2014 has sold shares in energy giants including Shell and TotalEnergies and will retain shares in only seven Big Oil firms which it says have made sufficient steps to transition to a clean energy mix in compliance with the 2015 Paris Agreement. These companies are Cosan S.A., Galp Energia, Granuul Invest, Neste Oyj, OMV A.G., Ra\u00edzen S.A., and Worley Limited. <\/p>\n

Dropping climate negotiations with Shell: <\/strong>PFZW \u2014 one of two Dutch pension funds tapped back in 2022<\/a> to lead negotiations with Shell on behalf of the Climate Action 100+ (CA100+) investor group \u2014 also says it will step away from the talks, Reuters<\/a> reports.<\/p>\n

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US chemicals giant Dow pulls trigger on maiden green bonds<\/strong>:<\/strong>US-based plastic maker Dow Chemical Company raised USD 1.25 bn from two maiden green bonds last week and will funnel the funds towards financing decarbonization efforts to curb plastic pollution, Bloomberg<\/a> reported last week, citing people with knowledge of the matter. The issuance \u2014 for which Bank of America, Citigroup, HSBC, ING Groep and SMBC Nikko Securities America are managers \u2014 was tightened from an initial 1.6% yield and the longer of the securities will have a 30-year tenor.<\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n