Commercial | Page 7

HSBC, an investment bank, announced it will no longer provide new lending or capital markets finance for the specific purpose of projects pertaining to new oil and gas fields and related infrastructure projects when the primary use is in conjunction with new fields.

Real estate actors, certifiers, advocates, and policymakers are increasingly using the term “net zero emissions building.” But, what precisely makes a building net zero emissions? As the U.S. Department of Energy looks for input, this column from IMT (Institute for Market Transformation) explores what you need to know about the proposed definition - and what is missing.

Panda Express, an Asian dining concept with about 2,500 U.S. locations, signed an agreement to optimize energy consumption and lower energy costs.

The Beverly Hilton and Waldorf Astoria installed an energy-savings solution at their hotels that lowers the need for air conditioning during peak electric demand, reducing GHG emissions, energy use and costs.

It's the weekend! Kick back and catch up with these must-read articles from around the web:

Google announced it has begun construction on a new data center in Waltham Cross, Hertfordshire that will handle off-site heat recovery.

Trafigura, a global commodities group, announced that it has agreed to purchase carbon dioxide removal (CDR) credits.

Genesee & Wyoming Inc., which owns or leases more than 100 freight railroads, continued to upgrade its North American locomotive fleet to reduce fuel consumption and minimize emissions.

The Environmental Protection Agency announced that Washington and Oregon will switch from diesel-powered buses and receive $51,148,500 for the purchase of 144 clean school buses.

At Smart Energy Decisions’ 2023 Net Zero Forum/Fall, Adrian Avino, Engineering Construction Manager for IKEA Property, North America Real Estate/US, gave an overview of how IKEA plans to meet its sustainability goals. Adrian shares IKEA’s holistic approach including the company’s strategy to use renewable heating and cooling for projects across its North American portfolio.