Hong Kong Exchange and Clearing Limited (HKEX) [0388:HK] started its first voluntary carbon credit trading platform, Core Climate, to support a transition to net-zero emissions, as reported by South China Morning Post on October 28. Core Climate allows participants to source, hold, trade, settle, and...
Shell Eastern Petroleum, a unit of oil giant Shell [SHEL:US], acquired Asia-based waste oil recycling company EcoOils to boost its biofuel output, as reported by Reuters on November 2. EcoOils uses recycling technology to reduce waste going into landfill and annually produce 65,000 tons of...
Climate Investment Funds (CIF), a multilateral investor in developing countries, pledged to allocate USD1bn to help South Africa and Indonesia shift from coal to clean power, as reported by Reuters on October 27. South Africa and Indonesia can each receive USD500m in cheaper, risk-bearing capital from CIF’s...
The Australian Securities and Investments Commission (ASIC), Australia’s corporate watchdog, fined Tlou Energy [TLOU:LN] USD53,280 for greenwashing, or exaggerated claims about environmentally friendly initiatives, as reported by Reuters on October 27. This was the first time the regulator took action to punish greenwashing. Specifically, Tlou...
China’s National People’s Congress (NPC) Standing Committee approved amendments to the country’s Women’s Rights and Interests Protection Law during its 37th session, as reported by Xinhua on October 30. The amended law, which will come into effect on January 1, 2023, aims to protect women’s lawful rights...
India restated its expectation for Twitter [TWTR:US] to comply with the country’s existing and upcoming information technology (IT) rules after US billionaire and Tesla [TSLA:US] CEO Elon Musk takes over the ownership of the social media platform, as reported by Reuters on October 29. India has announced...
The Asian Infrastructure Investment Bank (AIIB), a China-backed multilateral development bank (MDB), warns governments against building new fossil fuel power stations during the current global energy crisis, as reported by Reuters on October 27. The AIIB called for heavy-polluting state-owned firms to rapidly make green...
South Korea and Poland signed an agreement to develop a private nuclear power plant in Poland on October 31, as reported by the Korea Economic Daily. Per the agreement, Korea Hydro and Nuclear Power Co. (KHNP), Poland’s state-run power company Polska Grupa Energetyczna (PGE), and private...
Canada's pension fund, Caisse de dépôt et placement du Québec (CDPQ), intends to invest a total of JPY70bn (USD474m) in the Japanese renewable energy company Shizen Energy, as reported by Nikkei Asia on October 24. The investment comprises a JPY50bn (USD338.14m) co-investment framework regarding renewable energy...
India's antitrust authority, the Competition Commission of India (CCI), has fined Google [GOOG:US] INR13.4bn (USD162m) for engaging in anticompetitive behavior through the Android platform, as reported by Nikkei Asia on October 21. According to CCI, to maintain Google's dominance across a variety of markets, the company...
Australia has joined the Global Methane Pledge to reduce methane emissions by 30% by 2030, as reported by Reuters on October 23. The Global Methane Pledge, led by the US and the European Union, has been signed by 122 countries. According to Australia's climate change...
South Korea’s antitrust authority, the Fair Trade Commission (FTC), will increase scrutiny of acquisitions for different businesses in the platform industry to crack down on monopolies in the sector, as reported by the Korea Economic Daily on October 21. The supervision came after South Korea’s...
Hyundai Motor [005328:KS], South Korea’s top automaker, is investigating child labor violations in its US supply chain, as reported by Reuters on October 22. The company stated that it will cut ties with two Alabama auto parts suppliers found employing underage workers as soon as...
The International Sustainability Standards Board (ISSB) will include reporting requirements on Scope 3 carbon emissions, which are emissions from the entire value chain, in its upcoming sustainability-related disclosure standards, as reported by Reuters on October 21. The ISSB voted unanimously at its October meeting to...
Securities and Exchange Board of India (SEBI) blocked Bombay Dyeing & Manufacturing Company (BDMCL) [BD:IN] from the securities market for two years after finding the enterprise, its sister company, and several executives had mispresented financial statements, as reported by Reuters on October 22. The SEBI...
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