Blackstone details ambitious new green project

Private equity giant Blackstone Group Inc. (NYSE: BX) announced Tuesday an ambitious green project of lowering carbon emissions on all newly acquired assets, The Wall Street Journal reported. The green plan Blackstone pledged to lower carbon emissions of any asset or company it acquires by 15% within the first three years. The initiative will start next year and includes any asset where Blackstone has control of the energy systems. To help achieve its goals, Blackstone is teaming with the digital-automation company Schneider Electric to track its progress. The France-based company will keep records of usage, cost, and emissions data based