WASHINGTON (Reuters) - Los Angeles-based CarbonCapture, which aims to build machines that suck carbon dioxide out of the air to fight climate change, said it had raised $80 million from investors that include Saudi oil giant Saudi Aramco. The money raised in CarbonCapture's latest major funding round represents one of the largest injections of private capital into direct air capture...

(Reuters) -Global grains merchant Archer-Daniels-Midland ( ADM ) corrected parts of previous financial statements on Tuesday amid an ongoing investigation over its accounting practices. ADM reported profit of $6.43 per share for the full year, after an investigation into accounting practices at the company's nutrition division delayed the release of its financial results for nearly two months. The company had...

06:00 AM EDT, 03/12/2024 (MT Newswires) -- Despite the goal to transition away from fossil fuels to avoid the worst impacts of global warming, the world's dependence on oil remains deep-rooted and supply disruptions can still cause significant negative impact, the International Energy Agency said in a Monday commentary. Global oil consumption reached a record high in 2023, but oil...

NEW YORK (Reuters) - Goldman Sachs Asset Management, a unit of Goldman Sachs Group ( GS ), aims to expand its private credit portfolio to $300 billion in five years from the current $130 billion, a senior executive said, laying out an aggressive expansion plan. It's a huge opportunity, Marc Nachmann, Goldman's global head of asset and wealth management, told...