Quick Hits

31 Jan Equinor and BP Propose Expansion of New York Offshore Wind Project

Posted at 15:35 by Tracy Liu

Equinor[EQNR:NO], a Norwegian multinational energy company specializing in oil and gas exploration and production, and British oil and gas giant BP[BP:LN] have submitted a joint proposal to expand their Beacon Wind project, which would provide additional offshore wind energy to the state of New York,...

31 Jan Eni and NOC Sign USD8bn Gas Deal to Boost Energy Supply

Posted at 15:19 by Tracy Liu

Eni [ENI:IM], an Italian energy company, and Libya's National Oil Corporation (NOC) signed a USD8bn agreement for gas production to supply more energy to Europe despite the ongoing political chaos and insecurity in Libya, as reported by Reuters on January 28. Eni stated in a...

19 Jan South Korea to Publish Guidelines on ESG Bond Certification and Evaluation

Posted at 12:02 by Jordy Leo

South Korea’s Financial Supervisory Service (FSS) will enact the environmental, social, and governance (ESG) bond certification evaluation guidelines for credit rating agencies to determine whether bond issuers spend the proceeds on ESG-related projects, as reported by the Korea Economic Daily on January 16. Effective from...

19 Jan Singapore’s EMA to Issue Bonds for Financing Green Transition

Posted at 11:48 by Jordy Leo

Singapore’s Energy Market Authority (EMA) is planning to issue green, sustainable, and transition bonds, as reported by Strait Times on January 15. The issuance is part of EMA’s SGD3bn (USD2.27bn) Multicurrency Medium Term Note (MTN) Program to finance sustainable infrastructure development projects. This would be...

18 Jan Verizon Announces New Long-term Renewable Energy Agreements

Posted at 16:39 by Tracy Liu

US Telecom giant Verizon [VZ:US] announced a series of new long-term renewable energy purchase agreements (REPAs), adding 410 megawatts (MW) of renewable energy from new facilities across the US, as reported by ESG Today on January 16. The new agreements bring Verizon's projected renewable energy...

18 Jan Stellantis Invests in Geothermal Energy Project with Vulcan Energy Resources

Posted at 16:34 by Tracy Liu

Automaker Stellantis [STLA:US] is set to invest in a geothermal energy project in Germany with lithium developer Vulcan Energy Resources [VUL:AU] to help power a manufacturing facility for electric vehicles (EVs), as reported by Reuters on January 16. The phased project is aimed at providing...

18 Jan India and UAE Close to Signing Major Agreement on Renewable Energy Interconnection

Posted at 16:25 by Tracy Liu

India and the United Arab Emirates (UAE) are close to reaching a "major agreement" on a renewable energy interconnection between the two countries, as reported by Reuters on January 15. This comes as both countries look to expand their renewable energy sector and reduce their...

18 Jan Honda and LG Energy Solution to Produce EV Batteries in Ohio

Posted at 16:14 by Tracy Liu

Honda[7267:JP] and LG Energy Solution announced the formal establishment of a joint venture (JV) to mass produce lithium-ion batteries for electric vehicles (EV) produced by Honda, as reported by ESG Today on January 16. The new JV, named L-H Battery Company, will construct a USD3.5bn...

18 Jan UK to Ban Single-Use Plastic Cutlery and Plates from October

Posted at 13:26 by Jordy Leo

The UK will ban a wide range of single-use plastic cutlery and plates starting in October to reduce plastic pollution and protect the marine environment, as reported by Bloomberg on January 14. The new rules will cover plastic plates, bowls, and trays used for food...

18 Jan EU Mulls Easing State Aid Rules to Counter US Inflation Reduction Act

Posted at 13:17 by Jordy Leo

The European Union (EU) asked member states for opinions on proposals to ease restrictions on state aid, in a bid to rival the new US Inflation Reduction Act (IRA) legislating green subsidies, as reported by Reuters on January 13. The IRA will authorize investments of...

18 Jan EU to Require Companies to Prove Green Claims with Scientific Evidence

Posted at 13:12 by Jordy Leo

Companies in EU countries must provide scientific evidence to support any environmental claims made about their products, according to draft proposals from the European Commission, as reported by Reuters on January 13. Aside from proving their green claims, companies will also be required to disclose...

18 Jan India Assigns Missions of Green Hydrogen Use to Some Industries

Posted at 13:05 by Jordy Leo

India has set green hydrogen consumption targets for some industries to promote demand for cleaner fuel, as reported by Reuters on January 13. Dubbed the National Green Hydrogen Mission, the new policy requires the state-run Shipping Corp of India [SCI:IN] to retrofit at least two...

18 Jan Didi Resumes New User Registration after 18-Month Data Security Investigation

Posted at 12:52 by Jordy Leo

Didi Global has obtained approval from China’s cybersecurity regulator to resume registering new users for its ride-hailing service from January 16, as reported by Reuters on the same day. In July 2021, Chinese regulators launched a data security probe into Didi, two days after the...

12 Jan SK Innovation Unveils Plans for Advanced LFP EV Batteries

Posted at 15:20 by Tracy Liu

SK On, a subsidiary of South Korean energy group SK Innovation [096770:KS], plans to produce a new lithium-iron-phosphate (LFP) electric vehicle (EV) battery by 2025, with the aim of delivering lower-cost batteries to automakers struggling with rising EV costs, as reported by Reuters on January...

12 Jan Australia to Require Biggest Polluters to Cut Emissions Year by Year

Posted at 11:29 by Jordy Leo

Australia’s Labor government proposed a plan to require the country’s largest polluters to cut their emissions intensity by at least 4.9% a year by 2030, starting from July 1, as reported by Reuters on January 10. Large polluters refer to the 215 oil, gas, mining...