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CleanCapital looking to raise $500m in assets

Bloomberg CleanCapital, a New York-based renewables investor that manages more than $500 million in assets, is looking to raise up to $500 million in corporate equity to invest in solar and battery-storage projects. The company is talking to pension funds, insurance companies, sovereign-wealth funds and infrastructure funds focussed on North America that are seeking long-term investments, said CEO Thomas Byrne. ...

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Australia moves to support refiners

Bloomberg Australia will invest $154 million in new diesel storage facilities and introduce other measures aimed at shoring up the nation’s struggling refining industry and bolstering domestic fuel security. A$200 million will be used to create an additional 780 megalitres (4.9 million barrels) of onshore diesel storage space, Angus Taylor, the country’s minister for energy and emissions reduction, said in ...

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Blacklisting US tech may show China’s weakness

Plans by China to draw up a blacklist of US technology firms might sound great to hardliners as a retaliatory measure against Washington, but would most likely backfire. Pulling the trigger on such a threat could end up proving that the importance of the world’s most populous country as a global buyer may be smaller than many imagine. Beijing has ...

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