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Latest Sustainability News

Portland General Electric Buys Washington Power Assets for $1.9 Billion

Key Points: Portland General Electric is buying PacifiCorp's Washington assets for $1.9 billion. The deal includes wind and gas plants plus 4,500 miles of power lines. Manulife Investment Management will provide up to $600 million in funding. PacifiCorp is selling assets to strengthen its finances amid wildfire lawsuits. Portland General Electric reached an agreement on...

Santos Defeats Lawsuit Accusing Company of Greenwashing

Key Points: Australian Federal Court dismissed the case against Santos on Tuesday. The lawsuit claimed the company misled investors about climate goals. Santos relies on carbon capture technology to reach net zero emissions. The judge ruled the company did not engage in deceptive conduct. Gas producer Santos secured a major victory in federal court on...

Wall Street Spots Bargains as AI Fears Shake Market

Key Points: Citi identifies software stocks like Microsoft as strong buying opportunities. Barclays warns that investors are panic-selling companies viewed as "AI losers." Analog Devices received an upgrade due to the recovery of industrial demand. Jefferies calls the drop in AppLovin stock a mistake by the market. Wall Street analysts are digging through the wreckage...