Author: Jordy Leo

01 Jun CATL Expand Operations into Developing Solar Cells

Posted at 14:06 by Jordy Leo

Contemporary Amperex Technology (CATL) [300750:CH], the world’s largest electric vehicle (EV) batteries maker, is expanding its business to include the development of perovskite solar cells (PSC), as reported by Bloomberg on May 26. PSC is regarded as one of the most promising methods to improve the...

01 Jun Microsoft, Fujitsu Team up for Developing Sustainability Transformation Solutions

Posted at 13:54 by Jordy Leo

Microsoft [MSFT:US] and Japanese information technology firm Fujitsu [6702:JP] have announced a five-year strategic partnership to jointly develop and deploy sustainability transformation-focused cloud solutions across manufacturing, retail, healthcare, and the public sector, as reported by ESG Today on May 30. Building upon their existing collaboration,...

01 Jun Meta to Limit Use of Advertising Data to Resolve Competition Concerns

Posted at 13:51 by Jordy Leo

Meta [META:US] has offered not to use other businesses’ advertising data for its online classified ad service, Facebook Marketplace, as reported by Reuters on May 26. The offer was intended to address competition concerns raised by the Competition and Markets Authority (CMA), the UK’s antitrust watchdog....

01 Jun Delta Air Line Accused of Publishing False Carbon Neutrality Claims

Posted at 13:32 by Jordy Leo

Delta Air Lines [DAL:US] is facing a consumer class action lawsuit alleging that the company’s USD1bn carbon neutrality claim is “false and misleading,” as reported by the Guardian on May 30. The lawsuit was filed in California on behalf of a local resident who bought Delta...

30 May EU States Call for Stricter Climate Regulations on Private Jet Travel

Posted at 13:18 by Jordy Leo

Austria, France, Ireland, and the Netherlands have jointly urged the European Union (EU) to strengthen legislations to address the environmental impact of private jet travel, as reported by Reuters on May 26. The four countries, which have some of the busiest airports in Europe, have called for...

30 May Japan to Mandate 10% Sustainable Fuel Use for International Flights

Posted at 13:08 by Jordy Leo

Japan is planning to implement a new regulation that will require 10% sustainable aviation fuel (SAF) use from 2030 for international flights using Japanese airports, as reported by Nikkei Asia on May 25. The Ministry of Economy, Trade, and Industry (METI) will soon submit a...

25 May Volvo Group Enters into Ten-Year Green Power Deal with Vattenfall

Posted at 10:26 by Jordy Leo

Swedish truck and bus maker Volvo Group [VOLVB:SS] has entered into a 10-year power purchase agreement (PPA) with Vattenfall AB, a Swedish state-owned renewables producer, as reported by Bloomberg on May 23. As per the agreement, Volvo will purchase 50% of the electricity generated by...

24 May New Zealand to Spend USD188m on Decarbonizing the Nation’s Largest Steel Mill

Posted at 17:18 by Jordy Leo

The New Zealand government and New Zealand Steel (NZ Steel), the country’s major steelmaker owned by BlueScope Steel [BSL:AU], have announced a plan to invest NZD300m (USD188m) in reducing emissions from the Glenbrook steel plant, as reported by the Guardian on May 22. As part...

24 May US Court Orders American Airlines, JetBlue Airways to Terminate Alliance

Posted at 17:16 by Jordy Leo

A federal judge in Boston has issued a ruling stating that American Airlines [AAL:US] and JetBlue Airways [JBLU:US] must terminate their partnership in the northeast United States within 30 days, as the government proved the deal reduces competition in the airline industry, as reported by Reuters on...

24 May NTT, JERA to Acquire Japan’s Industry-Leading Wind Power Developer GPI

Posted at 11:14 by Jordy Leo

Nippon Telegraph and Telephone Corp (NTT) [9432:JP] and JERA, Japan’s largest power generation company, have reached an agreement to jointly purchase a 99% stake in Green Power Investment (GPI), a Tokyo-based renewable energy firm, for approximately JPY300bn (USD2.18bn), as reported by Nikkei Asia on May...

24 May UK Issues First Round of Licenses for Offshore Carbon Storage

Posted at 11:06 by Jordy Leo

The North Sea Transition Authority (NSTA), which oversees the exploration and development of the UK’s oil and gas resources, has granted 20 licenses to 12 companies for developing offshore carbon dioxide (CO2) storage, as reported by the Financial Times on May 19. This marks the...

18 May Australia to Boost Capacity for Offshore Carbon Capture and Storage

Posted at 11:54 by Jordy Leo

Australia plans to scale up its capability for offshore carbon capture and storage (CCS) and seek public opinions on a new round of greenhouse gas storage areas, as reported by Reuters on May 16. Madeline King, Australian Resources Minister, announced at an industry conference that there...

18 May Microsoft Wins EU Antitrust Approval for USD69bn Acquisition of Blizzard

Posted at 11:51 by Jordy Leo

Microsoft [MSFT:US] has received antitrust approval from the European Commission for its proposed USD69bn acquisition of gaming giant Activision Blizzard [ATVI:US], as reported by CNBC on May 15. This approval comes despite the UK’s last month decision to block the deal. The European Commission acknowledged...