Home
Focus Areas
About Us
A Norwegian private equity firm is taking a novel approach to investing in the oil and gas industry. EV Private Equity, which was founded in 2002 and has raised more than $1 billion, aims to create "positive impact through technology by reducing CO2 emissions," managing partner Helge Tveit tells Energy Voice.
That means investing in companies that help their clients reduce their CO2 emissions, which is a big problem in the oil and gas industry, which has been hit hard by the oil market downturn. "The volatility that we're seeing and still seeing in oil and gas,the feast and famine is a disadvantage," Tveit says.
"There are many, many businesses within oil and gas that could deliver substantial impact, and we have made a number of those investments in the past, but with this investor preference to have less exposure to oil and gas that we see, that's why we decided to exclude that going forward."
Tveit says the company's investments are evaluated using a sustainability framework called xIQ, a software tool that EV has also invested in.
"What we're taking into account is the enabling effect for the portfolio company that we're investing in,how much are they enabling their clients to reduce their CO2 emissions," Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
It's a sign of the times: A real estate research firm has been bought by a private equity firm in a deal that values the company at more than $1 billion. The New York Times reports on GRESB's...more
"The climate time-bomb is ticking. We need to seize the opportunity to invest in credible innovations that can contribute to reaching our global targets," UN Secretary-General Ant ? nio Guterres...more
"The urgency of the climate crisis demands innovative discoveries in research and the seamless integration of these solutions into our daily lives," Erica Smithwick, director of Penn State's Climate...more
A new report from Australia's CSIROthe country's national science agencypredicts that if current trends continue, the country's agricultural sector could be down 50% by 2050 in some areas. "The...more
"The New Venture Competition provides a rigorous platform through which students develop their business ideas as a positive force for change," says Elise Bates, the new director of Harvard Business...more
Foundation: Community Foundation of Broward
Ten nonprofit organizations in South Florida are getting a total of $300,000 in grants thanks to a new fund meant to fight discrimination in the LGBTQ community. The Our Fund Foundation and the...more
The superintendent of a Georgia school district is stepping down after less than two years on the job. Dalton Public Schools Superintendent Tim Scott, who began in the position in 2018, will take...more
"It's more than just food and water and shelter, we now know that as a society, we now know that as a society." That's what an Alaska school board member has to say about a bill that would...more
If you're looking for a getaway from the city that never sleeps, India's Goa is the place for you. But if you're looking for a getaway from the city that never sleeps, Goa is the place for...more
"People used to go swimming in it, and then how grateful [they] are for the work that we're doing in conjunction with the government and other organizations," Mike Smith tells This Week in...more
Social Entrepreneurship
Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.
