Equinor[EQNR:NO], a Norwegian multinational energy company specializing in oil and gas exploration and production, and British oil and gas giant BP[BP:LN] have submitted a joint proposal to expand their Beacon Wind project, which would provide additional offshore wind energy to the state of New York,...
Eni [ENI:IM], an Italian energy company, and Libya's National Oil Corporation (NOC) signed a USD8bn agreement for gas production to supply more energy to Europe despite the ongoing political chaos and insecurity in Libya, as reported by Reuters on January 28. Eni stated in a...
South Korea’s Financial Supervisory Service (FSS) will enact the environmental, social, and governance (ESG) bond certification evaluation guidelines for credit rating agencies to determine whether bond issuers spend the proceeds on ESG-related projects, as reported by the Korea Economic Daily on January 16. Effective from...
Singapore’s Energy Market Authority (EMA) is planning to issue green, sustainable, and transition bonds, as reported by Strait Times on January 15. The issuance is part of EMA’s SGD3bn (USD2.27bn) Multicurrency Medium Term Note (MTN) Program to finance sustainable infrastructure development projects. This would be...
US Telecom giant Verizon [VZ:US] announced a series of new long-term renewable energy purchase agreements (REPAs), adding 410 megawatts (MW) of renewable energy from new facilities across the US, as reported by ESG Today on January 16. The new agreements bring Verizon's projected renewable energy...
Automaker Stellantis [STLA:US] is set to invest in a geothermal energy project in Germany with lithium developer Vulcan Energy Resources [VUL:AU] to help power a manufacturing facility for electric vehicles (EVs), as reported by Reuters on January 16. The phased project is aimed at providing...
India and the United Arab Emirates (UAE) are close to reaching a "major agreement" on a renewable energy interconnection between the two countries, as reported by Reuters on January 15. This comes as both countries look to expand their renewable energy sector and reduce their...
Honda[7267:JP] and LG Energy Solution announced the formal establishment of a joint venture (JV) to mass produce lithium-ion batteries for electric vehicles (EV) produced by Honda, as reported by ESG Today on January 16. The new JV, named L-H Battery Company, will construct a USD3.5bn...
The UK will ban a wide range of single-use plastic cutlery and plates starting in October to reduce plastic pollution and protect the marine environment, as reported by Bloomberg on January 14. The new rules will cover plastic plates, bowls, and trays used for food...
The European Union (EU) asked member states for opinions on proposals to ease restrictions on state aid, in a bid to rival the new US Inflation Reduction Act (IRA) legislating green subsidies, as reported by Reuters on January 13. The IRA will authorize investments of...
Companies in EU countries must provide scientific evidence to support any environmental claims made about their products, according to draft proposals from the European Commission, as reported by Reuters on January 13. Aside from proving their green claims, companies will also be required to disclose...
India has set green hydrogen consumption targets for some industries to promote demand for cleaner fuel, as reported by Reuters on January 13. Dubbed the National Green Hydrogen Mission, the new policy requires the state-run Shipping Corp of India [SCI:IN] to retrofit at least two...
Didi Global has obtained approval from China’s cybersecurity regulator to resume registering new users for its ride-hailing service from January 16, as reported by Reuters on the same day. In July 2021, Chinese regulators launched a data security probe into Didi, two days after the...
SK On, a subsidiary of South Korean energy group SK Innovation [096770:KS], plans to produce a new lithium-iron-phosphate (LFP) electric vehicle (EV) battery by 2025, with the aim of delivering lower-cost batteries to automakers struggling with rising EV costs, as reported by Reuters on January...
Australia’s Labor government proposed a plan to require the country’s largest polluters to cut their emissions intensity by at least 4.9% a year by 2030, starting from July 1, as reported by Reuters on January 10. Large polluters refer to the 215 oil, gas, mining...
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