Quick Hits

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 Canada Invests in GM-POSCO Battery Materials Facility

Posted at 13:21 by Tracy Liu

The Canadian federal government and the Quebec province have committed approximately CAD150m (USD110m) each to support the establishment of a General Motors-POSCO Chemical battery materials facility in Becancour, Quebec, as reported by Reuters on May 29. The facility aims to produce cathode active material (CAM)...

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 Indonesian State Utility Seeks USD700m Investment for Solar Panel Project

Posted at 13:14 by Tracy Liu

Indonesia's state utility company, Perusahaan Listrik Negara (PLN) [PLN:IJ], has announced its intention to secure a USD700m investment for the installation of a 200 mega-watts (MW) solar panel system, with the goal of replacing diesel generators and reducing carbon emissions, as reported by Reuters on...

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 California Requests Approval for Plan to Phase Out Gasoline Vehicles by 2035

Posted at 17:22 by Tracy Liu

California has submitted a request to the Biden administration to approve its groundbreaking plan that would require all new vehicles sold in the state by 2035 to be electric or plug-in electric hybrids, with the aim of phasing out gasoline-powered vehicles, as reported by Reuters...

24 May Britain Funds Landmark Amazon Rainforest Experiment to Study Carbon Dioxide Impact on Trees

Posted at 17:20 by Tracy Liu

The British government has announced new funding for a groundbreaking scientific endeavor in the Amazon rainforest in Brazil, as reported by Reuters on May 25. The project aims to study the effects of increasing carbon dioxide levels on trees. Foreign Secretary James Cleverley visited the...

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...