Author: Tracy Liu

21 Mar Texas Adds HSBC to Energy Sanctions List over ESG Concerns

Posted at 17:24 by Tracy Liu

A Texas official added HSBC Holdings [HSBC:US] to a list of companies facing energy sanctions, as the state believes these companies are too focused on transitioning to clean energy, as reported by Reuters on March 21. Republican-led U.S. states have accused companies of prioritizing ESG...

21 Mar SSE to Invest GBP100m in Scottish Hydro Scheme to Boost Energy Storage Capacity

Posted at 16:32 by Tracy Liu

SSE [SSE:LN], a British power generator, has announced that it plans to invest GBP100m (USD122m) in a Scottish pumped hydro scheme to boost the country's energy storage capacity, as reported by Reuters on March 15. The Coire Glas project, located on the shores of Scotland's...

21 Mar US President Biden Vetoes Bill Limiting ESG Factors in Investments

Posted at 16:02 by Tracy Liu

On March 20, US President Joe Biden vetoed a Republican proposal aimed at preventing pension fund managers from taking into account environmental, social, and corporate governance (ESG) factors when making investment decisions, as reported by Reuters on the same day. The veto comes after the...

21 Mar Kering, Owner of Gucci and Yves Saint Laurent, Commits to 40% Reduction in Greenhouse Gas Emissions by 2035

Posted at 14:23 by Tracy Liu

Kering [KER:FP], the French company that owns luxury brands like Gucci and Yves Saint Laurent, has made a promise to decrease its greenhouse gas emissions by 40% by 2035 compared to 2021 levels, in response to growing concerns among consumers about environmental issues, as reported...

16 Mar Draft EU Rules Propose Protection for Vulnerable Consumers from Electricity Disconnections

Posted at 10:24 by Tracy Liu

A new set of EU rules is set to be released on Tuesday, which will require European Union countries to protect vulnerable consumers who are unable to pay their electricity bills from being disconnected by electricity suppliers, as reported by Reuters on March 13. This...

16 Mar US EPA Proposes National Drinking Water Standard for PFAS Chemicals

Posted at 10:12 by Tracy Liu

The US Environmental Protection Agency (EPA) has taken a significant step in its strategy to combat polyfluoroalkyl substances (PFAS), known as "forever chemicals," by proposing a national drinking water standard for six of these cancer-causing chemicals, as reported by Reuters on March 14. The proposed...

16 Mar Enel and newcleo Partner to Develop Clean Nuclear Technology Projects

Posted at 10:09 by Tracy Liu

Enel [ENEL:IM], the largest utility company in Italy, and newcleo, a next-generation nuclear power manufacturer, have announced that they will collaborate on new technology projects aimed at providing safe and stable power, as reported by Reuters on March 13. This partnership reflects a growing interest in nuclear energy...

16 Mar Germany Forms Alliance with Eastern European Countries to Oppose EU’s Planned Phase-Out of Combustion Engines

Posted at 10:01 by Tracy Liu

Germany, along with Italy and some Eastern European nations, has created an alliance to oppose the EU's plan to phase out internal combustion engines from 2035, and they aim to present their own proposal, as reported by Reuters on March 13. On Monday, transport ministers...

15 Mar Nike to Stop Using Kangaroo Skin for Shoes

Posted at 16:02 by Tracy Liu

Nike [NIKE:US] has announced that it will stop using kangaroo skins for its shoes, following a similar move by rival brand Puma, which will put an end to a controversial practice that has been criticized by consumers and animal rights activists, as reported by Reuters...

08 Mar EDF, Edison, Ansaldo Explore Nuclear Energy Collaboration in Europe

Posted at 17:14 by Tracy Liu

On Monday, French power group EDF [EDF.FP], its Italian subsidiary Edison [EDN.IM], Italy’s Ansaldo Energia and its unit Ansaldo Nucleare announced that they are exploring the possibility of collaborating on nuclear energy development in Europe, as reported by Reuters on March 6. The focus of...

08 Mar Japan-Australia Joint Venture Advances Clean Energy with USD1.62bn Funding for Hydrogen Production from Brown Coal

Posted at 17:04 by Tracy Liu

A Japanese-Australian joint venture has announced that it has entered the commercial demonstration phase of producing hydrogen from brown coal, with a staggering commitment of JPY220bn (USD1.62bn) in funding from the Japanese government, as reported by Reuters on March 7. This Hydrogen Energy Supply Chain...

08 Mar US State Department Reveals USD6bn in Global Funding Commitments for Ocean Protection and Climate Change

Posted at 16:58 by Tracy Liu

The US State Department has revealed details of USD6bn in funding commitments to protect oceans and fight climate change globally, as reported by Reuters on March 3. This was announced by Washington's climate envoy John Kerry at the Our Ocean 2023 conference in Panama. The...

08 Mar U.N. Treaty Agreed to Protect High Seas and Conserve Biodiversity

Posted at 16:52 by Tracy Liu

After 15 years of discussions and five rounds of UN-led negotiations, more than 100 countries have agreed on a U.N. treaty to protect the high seas, as reported by Reuters on March 5. Covering two-thirds of the ocean outside national boundaries, the treaty is crucial...

08 Mar Ecuador Signs Deal With Solarpack For USD145m Solar Power Project

Posted at 16:42 by Tracy Liu

The government of Ecuador has signed an agreement with Solarpack, a Spanish company, to build and operate the country's first large-scale solar power project, as reported by Reuters on March 3. The project, which is estimated to cost almost USD145m, will be located in the...