Blog Post

Daily Sprout

NEA Closes Biggest Fund Since 2007: New Enterprise Associates said today it has closed a fund with nearly $2.5 billion in committed capital — the largest single fund raised since 2007. The VC firm began making investments from the fund in May and has already made cleantech plays. — Cleantech Group

EPA Warms Up to Mountaintop Coal Mining: Two announcements from the EPA on Tuesday “continue the Obama administration’s up-and-down stance on mountaintop coal mining.” The agency came out in support of a permit for one operation and “suggested it might endorse another permit for the largest such operation in Appalachia.” — Wall Street Journal

CIA, Climate Scientists Make Nice: Restarting an effort shut down by the Bush administration, the nation’s top scientists and spies are now collaborating on an effort to use the feds’ spy satellites and other classified sensors to assess the hidden complexities of environmental change. — New York Times

Money Managers Still Ignoring Climate Risks: According to a new report from Ceres, nearly half “of the world’s largest investment managers are not factoring climate-related trends into their short- and long-term investment decision-making, the result being significant ‘hidden risks’ in the trillions of dollars of investment portfolios they are managing.” — Press Release

Opportunity for Smaller Solar Projects?: “After several years of promoting large-scale solar projects capable of generating hundreds of megawatts, political and administrative circumstances may create an opportunity for more smaller PV projects.” — Greentech Media