The world's biggest climate investor group has told members its approach does not breach U.S. antitrust and securities laws, according to an emailed letter seen by Reuters, seeking to shore up support days after the shock exit of several large firms. Climate Action 100+ (CA100+), was rocked last week by the withdrawal of the fund arms of State Street and JPMorgan and bond giant Pimco, while the world's asset manager BlackRock scaled back its involvement. In a letter to members on Wednesday, one of the five investor networks coordinating CA100+, the Principles for Responsible Investment (PRI), urged members to stand firm despite the departure of what it described as "a small number of members", and addressed legal concerns.
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Thermal battery maker Antora Energy on Thursday said it has raised $150 million in a funding round led by a tie-up between the world's biggest asset manager BlackRock and Singapore state investment firm Temasek. The BlackRock-Temasek partnership, called, Decarbonization Partners, led an investor group including Emerson Collective, GS Futures, The Nature Conservancy, Lowercarbon Capital, Breakthrough Energy Ventures and top global miner BHP's venture capital unit.