Neil Foster Pens Article for Solicitors Journal on Helping Innovators Fight Climate Change

Partner Neil Foster authored an article for Solicitors Journal entitled “How innovation can help tackle climate change.”

In the Dec. 6 article, Foster discussed how the decisions made at the 26^th UN Climate Change Conference (COP26) will have an enormous impact on the future of the planet.

COP26 was held in Glasgow on Oct. 31 to Nov. 13 and drew government delegates, activists and innovators. “Heads of government and activists may have made the headlines, but innovators will drive us forward in the fight against climate change,” Foster wrote, noting that innovators will develop solutions regardless of what government decisions are made.

At Cop26, Brown Rudnick, in partnership with Greenbackers, hosted a SuperPitch event where 26 cleantech ventures pitched for investment to over 600 environment-focused investors. Brown Rudnick also conducted webinars with company founders and CEOs providing advice on term sheets.

“Events like these are important,” Foster explained. “These innovators hold the key to resolving the climate crisis. But without funding, their ideas cannot become market-ready or be industrialized.” 

Foster highlighted the role of deal lawyers in helping innovator companies navigate the regulatory environment and find funding that will enable them to grow and succeed. “The days of the UK being a prominent oil and gas economy are fading but they are not gone yet,” Foster wrote.

“The most important technologies and largest players in the energy transition may not yet even be known. Ultimately, for greater progress to be made, we must come together to support, encourage and facilitate innovation and we will continue to be at the forefront of this vital sector by executing financing deals for the next generation of cleantech innovators.”

Click here to read the full article.