Aramco Unveils $1.5B Mega VC Fund For Sustainability

OilPrice.com | Oct 27, 2022 at 1:30 PM

Saudi Arabia’s national oil company Saudi Aramco has launched a $1.5 billion Sustainability Fund that will invest in technology supporting a “stable and inclusive” energy transition, making this among the largest-ever sustainability-focused venture capital funds in the world.

Climate pledges still ‘nowhere near’ enough for 1.5C: UN

Euractiv | Oct 27, 2022 at 10:45 AM

The world’s current climate pledges are far off track to limit temperature rises to 1.5 degrees Celsius and will steer a world already wracked by increasing floods, heatwaves and storms towards “catastrophic” warming, the UN said Wednesday (26 October).