In response to a shareholder resolution, Exxon Mobil, for the first time ever, has agreed to publish a Carbon Asset Risk report on the Company website describing how it assesses the risk of stranded assets from climate change. The report will provide investors with greater transparency into how ExxonMobil plans for a future where market forces and climate regulation makes at least some portion of its carbon reserves unburnable.- RGS Energy has appointed Dennis Lacey to the new position of senior vice president of finance. He will be responsible for implementing and managing the company’s residential lease financing program.
- Altus Power America Management has announced the launch of a Clean Energy Land Program with Macquarie Group to finance up to $100 million in solar and wind land energy projects in the US. The program is designed to bring to the market the most cost competitive capital to acquire lands and rights under solar and wind assets, while allowing the developers and owners of these assets to monetize those values.
- Sempra U.S. Gas & Power and Consolidated Edison Development have announced agreements to partner in five solar projects in Nevada and California. The projects include Sempra U.S. Gas & Power’s 250-megawatt Copper Mountain Solar 3 project near Las Vegas, and Consolidated Edison Development’s CED California Holdings, LLC portfolio: the 50-MW Alpaugh 50, 20-MW Alpaugh North and 20-MW White River 1 facilities in Tulare County, and the 20-MW Corcoran 1 facility in Kings County.
