Finance | Page 2

April 9, 2024

SouthState’s Green Bonds Increase to $136 Million

SouthState Bank, a financial services company headquartered in Winter Haven, Florida, continues to make investments in technology, which resulted in 48% of accounts receiving eStatements, saving 1.02 million pounds of CO2 emissions.

April 5, 2024

North America’s Three Largest Banks to Disclose Energy Supply Ratios

JPMorgan Chase, Citi, and the Royal Bank of Canada have agreed to publicly disclose their financing ratio of clean energy supply financing to fossil fuel extraction financing (Energy Supply Ratio) and their underlying methodology.

Sourcing Renewables - April 1, 2024

DOE Allocates $4 Billion for Clean Energy Supply Chain

The U.S. Department of Energy, the U.S. Department of Treasury and the Internal Revenue Service announced $4 billion in tax credits for over 100 projects across 35 states to increase domestic clean energy manufacturing and lower GHG emissions at industrial facilities.

March 22, 2024

Alcoa Closes Inaugural Green Bond Offering

Alcoa Corporation announced that Alcoa Nederland Holding B.V., a wholly-owned subsidiary of Alcoa, closed its offering of $750 million aggregate principal amount of 7.125% senior notes due 2031.

March 21, 2024

Treasury Department, IRS Reach Milestone for Clean Energy Tax Credits

The U.S. Department of the Treasury and Internal Revenue Service announced a new milestone in implementation of key provisions in the Inflation Reduction Act to expand the reach of the clean energy tax credits.

Sourcing Renewables - March 20, 2024

Google, Microsoft Launch Initiative to Scale Clean Energy Tech

Google LLC and Microsoft Corporation announced they will work together across the electricity ecosystem to develop new business models and aggregate their demand for advanced clean electricity technologies.

Sourcing Renewables - March 15, 2024

Google Sets Aim for $35 Million in Carbon Credits

Google has pledged to match the Department of Energy’s (DOE) Carbon Dioxide Removal Purchase program and plans to contract for at least $35 million worth of carbon removal credits over the next 12 months.

Sourcing Renewables - March 14, 2024