Norges Bank Investment Management, which manages Norway's $2.3 trillion Government Pension Fund Global, told the Securities and Exchange Commission it does not support rescinding rules requiring registrants to disclose climate-related risks. The fund held $822 billion across 1,306 U.S. public companies at the end of 2025, with America representing 53 percent of its total investments.
Rather than defending the rules outright, NBIM argued alternatives to full rescission could address the Commission's cost and scope concerns while preserving a baseline of financially material disclosure. The fund explicitly endorsed the materiality standard, framing climate disclosure as financial risk information rather than environmental policy.
Elsewhere in European regulation, the European Union's Packaging and Packaging Waste Regulation began applying on 12 August, with an immediate restriction on PFAS in food-contact packaging as its first major measure. Products exceeding strict limits can no longer be placed on the EU market.
Harmonised labelling follows in 2028, with structural measures including mandatory recycled content, reuse targets and universal recyclability arriving in 2030. The Commission had projected plastic packaging waste rising as much as 46 percent by 2030 without the regulation.
PFAS were used because they repel grease and water effectively, so substitution means reformulating products rather than filing paperwork. Anyone selling packaged food into the EU is already past the compliance date.
Disclosure frameworks that survive regulatory turbulence are the ones tied to underwriting from day one, not the ones bolted on for the marketing deck, family office advisor Jaf Glazer has argued.
In China, Envision Energy commissioned Galaxy Campus in Ulanqab, Inner Mongolia, a 120,000 square metre AI supercomputing facility designed to scale beyond 2 gigawatts and support up to one million AI accelerators. The site runs on dedicated renewable generation, transmission and large-scale storage rather than a conventional grid connection.
The project is the first under Mission Gobi, which targets 5 gigawatts of green AI computing across arid regions globally by 2030. The claimed tenfold compute density advantage is Envision's own figure and has not been independently benchmarked. Western hyperscalers have answered the same grid constraint with onsite gas, which is what pushed Meta out of RE100 last month.
Copenhagen Infrastructure Partners closed its second Growth Markets Fund at roughly $3 billion, nearly triple its first vintage, targeting energy infrastructure across 15 middle-income markets in Eastern Europe, Asia and Latin America. The fund has already committed $1.6 billion across nine investments, with total value exceeding paid-in capital at final close.
Sovereign wealth funds and pension funds joined this raise alongside development finance institutions. Its predecessor is expected to deliver around 8.7 gigawatts across more than 50 projects in India and South Africa.
Lloyds Banking Group committed to facilitating more than £100 billion in sustainable and transition finance between 2027 and 2030 under its Accelerate 2030 strategy. The target implies at least £25 billion annually, against roughly £17.7 billion averaged across the £70.9 billion delivered from 2022 to 2025. The framework defining what counts toward the target has not been published.