The annual market for green bonds from companies will double this year, driven by rising investor interests for sustainable investments, says Standard & Poor’s. Companies will issue bonds worth around $20 billion for environmentally beneficial investments compared with last year’s $10.4 billion. The market is surging because it helps issuers tap new types of investors that are interested in implementing environmental, social and governance goals, adds Standard and Poor’s.
BP Faces Billions in Spill Payments as Court Stand By Deal
BP Plc faces billions of dollars in additional payments after failing yet again to convince a three-judge panel of the U.S. Court of Appeals in New Orleans. BP’s argument is that they are being forced to pay claims that are not directly related to the 2010 Gulf of Mexico oil spill. The decision leaves BP with two options – appeal further or pay the claims that the company has called “fictitious”. BP contends a flawed interpretation by Patrick Juneau, the claims administrator, has raised the price tag substantially higher that the projected cost. A divided panel of the appeals court rules last March that BP had to live with the terms of the deal as interpreted by Juneau.
Improved Supercapacitors for Batteries and Electric Vehicles
Scientists at the University of California, Riverside have developed a novel nanometer scale ruthenium oxide anchored nanocarbon graphene foam architecture that enhances the performance of supercapacitors, a discovery that could mean faster acceleration in electric vehicles and longer battery life in portable electronics. The researchers noted that their findings can deliver two times more power compared to supercapacitors commercially available today. The findings were outlined in a recently published paper, “Hydrous Ruthenium Oxide Nanoparticles Anchored to Graphene and Carbon Nanotube Hybrid Foam for Supercapacitors” in the journal Nature Scientific Reports.