The Saudi Arabian Oil Company (Aramco) [ARAMCO:AB] has signed a Memorandum of Understanding (MoU) with Chinese state-owned coal mining company Shandong Energy to collaborate on crude oil supply and green technologies including hydrogen, renewable energy, and carbon capture and storage (CCS), as reported by ZAWYA...
Taipei City has banned the use of single-use plastic cups across the city’s over 2000 bubble tea and coffee shops starting on December 1, as reported by Straits Times on December 10. The ban, issued by Taipei City’s Department of Environmental Protection, also applies to...
Australia’s largest telecommunications company Telstra Group [TLS:AU] mistakenly revealed some of its customers’ names, numbers, and addresses on their website due to an internal error, as reported by Reuters on December 11. Approximately 132,000 customers were impacted by the data breach. Telstra has done an...
The European Union struck a preliminary deal on December 12 to impose a carbon dioxide emissions tax on imports of polluting goods such as steel, cement, fertilizers, aluminum, and electricity from 2026, as reported by Reuters on December 13. The tax aims to reduce carbon...
China’s central bank warned that climate change and a global transition to a low-carbon economy could bring risks to domestic financial institutions and called for stronger regulation on green finance, as reported by Reuters on December 10. Xuan Changneng, deputy governor of the People's Bank...
The US Federal Trade Commission (FTC), which commits to preventing Americans from fraudulent, deceptive, and unfair business practices, seeks to block technology giant Microsoft’s [MSFT:US] USD69bn bid for leading video game developer Activision Blizzard [ATVI:US], as reported by Yahoo on December 9. The FTC has...
US chipmaker Broadcom [AVGO:US] is set to face a setback in its USD61bn deal to acquire cloud computing firm VMware [VMW:US] as EU antitrust regulators intend to launch a full-scale investigation into the bid, as reported by Reuters on December 9. The EU competition watchdog...
The Council of the European Union (EU) formally passed the Corporate Sustainability Reporting Directive (CSRD) on November 28, following recent approval by the European Parliament in early November. The Directive is expected to be published in the Official Journal of the EU in the first...
Morocco is studying the possibility of sealing an investment deal for two industrial projects in 2023, and Indian private conglomerate Adani Group [ADE:IN] is among the firms interested in the massive hydrogen project in Morocco, as reported by Bloomberg on December 6. Morocco’s Energy Transition...
PepsiCo[PEP:US] announced a global packaging goal of doubling the percentage of all beverage servings provided in reusable or refillable packaging to 20% by 2030 from 10% at present, as reported by ESG Today on December 5. The firm outlined measures to achieve the new packaging...
The European Commission is drafting laws to require companies selling goods in the EU market to conduct strict due diligence to ensure that their products have not led to deforestation and forest degradation anywhere in the world, as reported by Reuters on December 5. The...
Orsted [ORSTED:DC] and Skovgaard Energy, two Danish renewable energy companies, have signed a letter of intent to jointly develop a Power-to-X facility in western Denmark to produce green hydrogen, as reported by Reuters on December 6. The project will be built in several phases, starting...
More than 2,000 delegates from 160 countries closed the first round of negotiations on a global plastics treaty at a meeting in Uruguay, with delegates agreeing to end plastic pollution but disagreeing on whether to limit plastic production, phase out types of plastics, and harmonize...
France’s TotalEnergies [TTE:FP] has signed a memorandum of understanding (MOU) with Air France-KLM [AIRF:FP] to supply sustainable aviation fuels (SAFs) to the latter over the ten years starting in 2023, as reported by Reuters on December 5. Under the agreement, TotalEnergies will deliver more than...
Workforce Singapore (WSG), a statutory board under Singapore’s Ministry of Manpower, launched a new career conversion program to train 200 workers to help them master skills for green jobs, such as sustainability reporting and carbon management, as reported by Strait Times on December 3. According...
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