"Massive risk" drives ESG bets at USD 108 billion Finnish Funds

Two major Finnish pension funds with USD 108 in AUM are briskly moving further into ESG territory due to "massive risk" factors tied to climate change, thereby seeking to avoid the major losses and stranded assets that some analysts say will hollow out banks, insurers and asset managers that fail to adapt to a greener agenda.

Norway inscribes ammonia into national hydrogen plan

Norwegian Oil and Energy Minister Tina Bru states that ammonia will be set on equal footing with the period table's most basic element in the country's looming new hydrogen strategy, wherein the chemical can be used as an emissions-free marine fuel.

Waste and ice cap could render Greenland sustainable

Rambøll is to study the possibility of creating electrofuels by mixing CO2 with hydropower from a waste disposal facility in Nuuk. In time, the solution could make Greenland a central carbon transformer and be implemented in governing Denmark.

Rockwool CEO: We must get used to volatile markets

Wednesday, Rockwool presented its annual financial statement that – despite showing some of the group's best-ever results – was marked by volatile markets and uncertainty. The mineral insulation maker will have to get used to this, says the CEO, who predicts a green growth boom on the longer term, however.

Nel appoints new CFO

The Danish-Norwegian hydrogen company has appointed a new CFO, recruited from Norwegian food product supplier Kavli.

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