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...“The capital need for sustainable infrastructure and the energy transition is huge,” Ford said in an interview with the Financial Times from the World Economic Forum in Davos....
...Shares of Lithium Americas leapt 12 per cent after the US government announced plans to loan $2.3bn to the company to develop its flagship lithium project in Nevada that will supply the electric car battery...
...But the biggest miners, such as Newmont and Barrick, haven’t enjoyed the same success. Shares of Denver-based Newmont Mining have fallen into a pit, down 25 per cent over one year....
...Dean Meyer has joined venture capital firm Sequoia as a partner focused on early stage investments. He was previously an investor at Vine Ventures....
...The state is booming due to an influx of investment into new industrial sectors, such as battery manufacturing....
...Knowingly or not, they are implying that the innovation enabled by robotics, energy storage, artificial intelligence, blockchain technology, and multiomics sequencing will not impact growth meaningfully...
...The US offers the greatest potential at the closest distance to the earth’s surface, led by states such as Nevada and California....
...close to the firm said the strategy echoed Biswas’s tenure at Newcrest, where he significantly enhanced returns through dealmaking and revitalising underperforming assets before its $19bn sale to rival Newmont...
...The green investment backlash led by US Republicans has led to investment funds pulling more than $13bn from BlackRock, the world’s largest asset manager....
...For example, Google signed an offtake contract in 2021 with Fervo Energy for a geothermal plant in Nevada, which would use drilling techniques perfected by shale oil frackers to produce fossil-free energy...
...This article has been amended since initial publication to clarify that Hg Capital Trust’s investment in Argus Media was valued at about £52mn, not Hg’s overall investment....
...Ardonagh is owned by Madison Dearborn and HPS Investment Partners....
...But it is continuing to invest in its Nevada plant in the US, where it produces batteries for cheaper Teslas that benefit from the IRA....
...Gelsinger has become a vocal advocate for shifting chip manufacturing back to the US after decades of under-investment....
...Simon Mawhinney, chief investment officer at Allan Gray Australia, which owns a 3.5 per cent stake in Origin, said his fund would vote in favour....
...It said this reflected accounting changes on some investments and an upgrade to its truck fleet in the Pilbara due to occur next decade....
...Actis, which began life focused on emerging markets private equity, has expanded into energy and infrastructure, leading deals including a $500mn investment in a Japan-focused renewables operator earlier...
...“Energy investment is running at $2tn a year — we and others think we need to double that,” he said. “And it will be every year for two or three decades.”...
...“The magnitude of his decision was monumental, but MLS had tremendous energy and momentum before Messi joined our league.”...
...Bulking up would also help the company increase its exposure to passive investment funds....
...In the case of gold, the sector is considered ripe for consolidation because it is relatively fragmented and companies have fallen out of favour in the past over investment decisions....
...Analysts also say the number of projects at or near a final investment decision from mining companies is lower than historical averages as hurdles to developing new copper projects increase....
...The poker-faced investor first amassed his wealth scooping up energy assets at fire-sale prices in sellers’ rush to decarbonise, a fortune that has more than doubled to $10bn over the past year as the energy...
...With more deals on the horizon, DD expects competition between Wall Street’s top investment banks not only to score coveted advisory roles but also to secure the best dealmakers in the energy business....
...Former KKR dealmaker Tim Short has launched Acadia Infrastructure Capital, a New York-based energy transition investment firm of which he will be managing partner....
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