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.
The winner of this year's Sustainova Startup Challenge in Saudi Arabia has a message for the rest of the world: "If you want to save the planet, you have to start now." The startup contest,...more
Pakistan's capital is home to more than 200 million people and is expected to see a massive increase in population by 2050 as the country's economy continues to grow at a rapid rate, the BBC...more
"The only way to get us out of the catastrophic mess we are making of our planet, and everything on it, is through our unique ability as a species to be creative and to apply that creativity in the...more
The Philippines' Masungi Geopark Project has been awarded the " biosphere sustainability award" at the 2024 Asia Pacific Social Innovation Partnership Awards in Taiwan. The award "underscores the...more
The FAA has given the green light to what's being called the "blended wing," a design that would dramatically reduce the amount of fuel needed to power a plane, New Atlas reports. The design from...more
Starbucks is taking a stand against single-use coffee pods: The company has teamed up with recycling company Podback to offer coffee pods for recycling at all of its stores in the UK, reports the...more
One of the world's most prestigious prizes for sustainable development is now open for applications. The 2024 Paulson Prize for Sustainability, which is being held in partnership with China's...more
"No single company can change the industry alone, and we continually drive with value chain partners to design for recyclability at the beginning of a product's life cycle so that plastic waste can...more
Foundation: Gates Foundation
The Bill and Melinda Gates Foundation, the Novo Nordisk Foundation, and the Wellcome Sanger Foundation are teaming up to fight some of the world's biggest health problems. The three organizations...more
As the world shifts away from fossil fuels, workers in coal-mining states in India are bracing for job losses, Bloomberg reports. According to a report from the Center for Policy Research,...more
Social Entrepreneurship
Spotlight
Partnerships in Social Enterprises Can Increase Social Impact
Chief executive of HCT, Dai Powell, shares the experiences and practical lessons he learned along the way when teaming up with Ealing Community Transport to deliver site transport during the Olympic Park construction.
