2022-11-17

Carbon offsets are essentially investments in greenhouse gas-reducing projects. When individuals and organizations purchase carbon offsets, funds in these transactions are funneled towards environmental and social projects with decarbonization benefits, such as the conservation of natural habitats, reforestation, and clean cooking fuels for rural communities....

The U.S. Environmental Protection Agency (EPA) announced a partnership with Petróleos Mexicanos (PEMEX), a Mexican state-owned oil and gas company, to reduce greenhouse gas emissions, particularly methane, as reported by Reuters on November 15. The EPA will support PEMEX to identify major sources of methane emissions...

Australia’s consumer watchdog, the Australian Competition & Consumer Commission (ACCC), fined three Australian broadband internet providers AUD33.5m (USD22m) in total for failing to deliver the purchased internet speeds for some of their clients, as reported by Reuters on November 11. The three companies are Telstra Group...

The world's three largest rainforest countries: Brazil, Indonesia, and the Democratic Republic of Congo (DRC), have formed a partnership to cooperate on forest conservation after a decade of on-off talks on a trilateral alliance, as reported by Reuters on November 14. Representatives of the three...

South Africa plans to produce 12m tons of green hydrogen annually by 2050, with over half to be exported to neighboring countries for decarbonization, as reported by Bloomberg on November 15. Masopha Moshoeshoe, a green economy specialist in the South African Presidency’s investment and infrastructure...

The Indonesia Investment Authority (INA), the country's sovereign wealth fund, will set up a green electric vehicle (EV) fund worth USD2bn with Chinese battery giant Contemporary Amperex Technology (CATL) [300750:CH] and CMB International, an investment arm of China Merchants Bank (CMB) [3968:HK], as reported by...

The US Environmental Protection Agency (EPA) proposed a new rule that mandates regular inspections at all oil drilling sites to monitor their methane emissions, including those that emit less than three tons of methane a year, as reported by Bloomberg on November 11. In 2021,...

The state of California has sued 18 material manufacturing companies, including 3M [MMM:US] and DuPont De Nemours Inc [DWDP:US], over water contamination from products containing per- and polyfluoroalkyl (PFAS) substances, as reported by Reuters on November 11. California Attorney General Rob Bonta said that these...

NTT Data Spain, a subsidiary of Japanese information technology service provider NTT Data Corporation [9613:JP], was fined EUR64,000 (USD64,300) for violating the European Union’s General Data Protection Regulation (GDPR), as reported by Nikkei Asia on November 11. NTT Data Spain was accused of leaking an...

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