2023-03-09

09 Mar US Justice Department Files Antitrust Lawsuit against JetBlue’s Acquisition of Spirit

Posted at 09:26 by Jordy Leo

The US Justice Department filed a civil antitrust to stop JetBlue Airways Corporation’s [JBLU:US] proposed USD3.8bn acquisition of its largest and fastest-growing ultra-low-cost rival, Spirit Airlines [SAVE:US], due to concerns that the deal would result in higher fares and reduced options for routes for consumers...

09 Mar RBC Incorporates Climate Considerations into Incentive Plans for Senior Executives

Posted at 09:21 by Jordy Leo

On March 6, ESG Today reported that the Royal Bank of Canada (RBC) plans to introduce a medium-term climate-based objective to its mid-term incentive (MTI) and long-term incentive (LTI) programs for senior executives from 2023. This addition is part of RBC's ongoing efforts to incorporate...

08 Mar Japan Vows Financial and Technological Support to Help ASEAN Decarbonize

Posted at 17:50 by Jordy Leo

Japan pledged to offer support in finance, technology, and personal resources to help Association of Southeast Asian Nations (ASEAN) members decarbonize their economies, as reported by Reuters on March 4. Japanese Industry Minister, Yasutoshi Nishimura, announced the commitment at the first ministerial meeting of the...

08 Mar China’s First Two New Energy REITs to Raise RMB10bn

Posted at 17:44 by Jordy Leo

China Securities Regulatory Commission (CSRC) has approved the first two new energy real estate investment trusts (REITs) that are expected to raise RMB10bn (USD1.44bn) in total, as reported by Caixin on March 3. State Power Investment Corporation (SPIC), one of China’s five major electricity generation...

08 Mar Spanish to Publish New Law on Gender Equality

Posted at 17:27 by Jordy Leo

Spanish Prime Minister Pedro Sanchez announced the Equal Representation Law that requires more equal representation of women and men in politics, business, and other fields of public life, as reported by Reuters on March 4. Under the law, any listed company with more than 250...

08 Mar Japan, Australia Launch Hydrogen Supply Chain in AZEC Meeting

Posted at 17:21 by Jordy Leo

Japan announced the launch of a hydrogen supply chain with Australia, as part of a greater goal of expanding hydrogen supply chain networks throughout Asia, as reported by Nikkei Asia on March 4. The bilateral hydrogen supply chain will link Victoria state, Australia’s renewable energy...

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...

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