What insiders know 📶

The build: H2 Green Steel from Sweden assembled €1.5 billion in equity to build its first plant that will use hydrogen to create steel.

Getting investment: Boston Metal raised $262 million for its electricity-based steel- and metal-making technology.

Emitting it: Steelmaking is responsible for approximately 8% of energy sector emissions.

German power: Germany announced €50 billion in subsidies to help energy-intensive manufacturers, such as steel plants, transition to climate-neutral technologies.

The profit: Former US vice president Al Gore mentioned bankers “are profiting hugely” from their role as lenders and advisers to fossil fuel companies.

The dangers: Researchers examined Earth by analyzing 9 boundaries that define a safe operating space for humanity. 6 out of these have become unsafe and pressure on all of them is increasing with another one trailing behind the other 6, according to a research paper in the journal Science Advances.

Trying to buy: I Squared Capital Advisors and TDR Capital bid €1.26 billion in cash offer for Applus Services SA.

Want to sell: Walt Disney reportedly held talks about selling its ABC network and TV stations to local broadcaster Nexstar Media.

Increase more: The European Central Bank raised interest rates for the 10th consecutive time.

Go lower: The People’s Bank of China lowered the reserve requirement ratio for most banks by 25 basis points in September 2023.

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