Author: Jordy Leo

03 Nov Shell Purchases Asia-Based Waste Oil Recycling Firm to Boost Biofuel Product

Posted at 11:28 by Jordy Leo

Shell Eastern Petroleum, a unit of oil giant Shell [SHEL:US], acquired Asia-based waste oil recycling company EcoOils to boost its biofuel output, as reported by Reuters on November 2. EcoOils uses recycling technology to reduce waste going into landfill and annually produce 65,000 tons of...

02 Nov CIF Funds South Africa, Indonesia Energy Transition with USD1bn

Posted at 17:26 by Jordy Leo

Climate Investment Funds (CIF), a multilateral investor in developing countries, pledged to allocate USD1bn to help South Africa and Indonesia shift from coal to clean power, as reported by Reuters on October 27. South Africa and Indonesia can each receive USD500m in cheaper, risk-bearing capital from CIF’s...

02 Nov Australia’s Corporate Watchdog Issues First Fine for Greenwashing

Posted at 17:10 by Jordy Leo

The Australian Securities and Investments Commission (ASIC), Australia’s corporate watchdog, fined Tlou Energy [TLOU:LN] USD53,280 for greenwashing, or exaggerated claims about environmentally friendly initiatives, as reported by Reuters on October 27. This was the first time the regulator took action to punish greenwashing. Specifically, Tlou...

27 Oct South Korean Antitrust Watchdog to Enhance Supervision of Online Platform Sector

Posted at 12:47 by Jordy Leo

South Korea’s antitrust authority, the Fair Trade Commission (FTC), will increase scrutiny of acquisitions for different businesses in the platform industry to crack down on monopolies in the sector, as reported by the Korea Economic Daily on October 21. The supervision came after South Korea’s...

27 Oct Hyundai Motor Investigates Child Labor Violations in US Supply Chain

Posted at 12:32 by Jordy Leo

Hyundai Motor [005328:KS], South Korea’s top automaker, is investigating child labor violations in its US supply chain, as reported by Reuters on October 22. The company stated that it will cut ties with two Alabama auto parts suppliers found employing underage workers as soon as...

27 Oct ISSB Standards to Include Scope 3 Emissions

Posted at 12:25 by Jordy Leo

The International Sustainability Standards Board (ISSB) will include reporting requirements on Scope 3 carbon emissions, which are emissions from the entire value chain, in its upcoming sustainability-related disclosure standards, as reported by Reuters on October 21. The ISSB voted unanimously at its October meeting to...

27 Oct Indian Regulator Bans Bombay Dyeing from Securities Market for Two Years

Posted at 12:17 by Jordy Leo

Securities and Exchange Board of India (SEBI) blocked Bombay Dyeing & Manufacturing Company (BDMCL) [BD:IN] from the securities market for two years after finding the enterprise, its sister company, and several executives had mispresented financial statements, as reported by Reuters on October 22. The SEBI...

27 Oct Singapore Imposes Stiffer Requirements on Electricity Retailers for Energy Security

Posted at 12:03 by Jordy Leo

Singapore’s Energy Market Authority (EMA) will enhance regulatory requirements on electricity retailers to build a stable electricity market resistant to the volatility of global energy markets, as reported by Strait Times on October 25. The move came after six retailers quit Singapore’s electricity market in...

27 Oct Toyota, Mitsubishi, and Others to Support Thailand’s Decarbonization

Posted at 11:52 by Jordy Leo

Representatives from leading Japanese and Thai enterprises, including Toyota Motor [TM:US] and PTT [PTT:TB], discussed possible collaborations in decarbonization technologies such as hydrogen power and electric vehicles (EVs), as reported by Nikkei Asia on October 21. Around 15 companies participated in the inaugural Japan-Thailand Energy...

27 Oct China and Saudi Arabia Seek Further Energy Cooperation

Posted at 11:18 by Jordy Leo

China and Saudi Arabia will strengthen energy cooperation to maintain international oil market stability, as reported by Reuters on October 21. On the same day, Saudi Arabian Energy Minister Abdulaziz bin Salman and Chinese National Energy Administration director Zhang Jianhua had a video conference. The...

20 Oct POSCO Chemical Seeks Cathode Supply Deal with Ford Motor

Posted at 12:25 by Jordy Leo

POSCO Chemical [003670:KS] is aiming to reach a megadeal to supply cathode, a core material for electric vehicle (EV) batteries, to Ford Motor [F:US], as reported by the Korea Economic Daily on October 18. During a private meeting between Ford Motor Chief Executive Jim Parley...

20 Oct Indonesia’s SOEs to Switch to 100% Electric Automobiles in Three Years

Posted at 12:18 by Jordy Leo

Indonesia is setting a three-year deadline for all state-owned enterprises (SOEs) to use only electric vehicles (EVs), as reported by Bloomberg on October 17. SOEs may choose to rent EVs or borrow funds to purchase EVs to meet the requirement. The Indonesian government will also...

20 Oct Japan’s Bridgestone to Develop New Tire Recycling Technology by 2030

Posted at 12:14 by Jordy Leo

Bridgestone [5108:JP], the world’s largest tire maker, plans to finish developing new technology for recycling tires by 2030 to reduce the carbon footprint in the vehicle supply chain, as reported by Nikkei Asia on October 15. The Japanese company will extract rubber materials, namely isoprene...

20 Oct BYD to Roll out Three EV Models in Europe

Posted at 12:10 by Jordy Leo

Chinese leading electric vehicle (EV) and battery maker BYD [1211:HK] announced that it will release three EV models in the European market as part of its plan to become the global leader in EVs, as reported by Nikkei Asia on October 18. Specifically, the company...

20 Oct Australia, Singapore Sign Agreements to Promote Cooperations in Green Economy

Posted at 12:08 by Jordy Leo

Singapore and Australia signed a groundbreaking agreement to enhance cooperation in the green economy, including climate investment, financing, and technology, as reported by Strait Times on October 18. Under the Singapore-Australia Green Economy Agreement, collaborations between the two countries will start with 17 joint initiatives,...