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04 十二月 2023

Cop: Canada eyes 75pc cut in oil and gas methane

Canada on Monday proposed regulations to slash methane from its oil and gas sector by 75pc in less than a decade. The regulations would set new limits on venting and flaring of gas, along with new performance standards for leak detection and repair. The first requirements would take effect in 2027,

04 十二月 2023

Cop: Climate finance pledges soar in first few days

Countries and institutions have made climate and environment-related finance commitments totalling around $57bn so far at the UN Cop 28 climate summit, the meeting's presidency said today. The total includes a $30bn climate fund launched by Cop 28 host the UAE and changes to the World Bank's approa

04 十二月 2023

Cop: Shipping industry updates decarbonisation pledges

Shipping industry participants have announced new or updated initiatives within the Green Shipping Challenge — aimed at lowering carbon emissions in shipping — at the Cop 28 UN climate summit. Participants included countries, ports and private companies, presenting national plans for decarbonisatio

04 十二月 2023

Oman steel slab exports increase

Oman has exported more slab so far this year than any other year, despite not producing the material. Oman shipped 1.53mn t of slab between January and October this year, up from 1.33mn t in the whole of 2022 and just over 700,000t in 2021, according to trade data. The country does not produce slab

04 十二月 2023

Maersk to invest $500mn in Southeast Asia supply chain

Danish shipping giant Maersk said today it will invest over $500mn in its supply chain infrastructure in southeast Asia, including in 'green' fuels. The company aims to optimise its warehousing and distribution by increasing its haulage truck capacity, adding 480,000m² of warehouse space by 2026. T

04 十二月 2023

Cop: Fossil fuels key issue of global stocktake

The phasing out of fossil fuels will remain one of the "important" remaining issues when technical negotiations on the global stocktake move to ministerial level in the second week of the Cop 28 UN climate summit, EU negotiator Jacob Werksman said today. He said that, from a negotiator perspective,

04 十二月 2023

Demand for middle destillates on the rise in Germany

Middle distillate trade in Germany picked up last week as the availability of product in the west and south of the country continued recovering, market participants caught up on missed volumes from previous weeks and a drop in temperatures boosted demand for heating oil. Bayernoil continued to incr

04 十二月 2023

Cop: Cop 28 president 'clear' on 1.5C: Update

President of the Cop 28 UN climate conference Sultan al-Jaber said today that he is "very clear about" keeping the target to limit global warming to 1.5°C within reach, in response to controversy sparked by comments he made last month, with IPCC chair Jim Skea saying that he "understood" the scienc

04 十二月 2023

Cop: Singapore partners Fiji, Rwanda on carbon credits

Singapore has signed agreements with Fiji and Rwanda on the sidelines of the UN Cop 28 climate summit, to collaborate on creating carbon credit frameworks for the transfer of credits. Singapore has signed similar but separate agreements with Fiji and Rwanda to co-operate on creating legally binding

04 十二月 2023

Cop: Cop 28 president Al-Jaber 'clear' about 1.5°C

President of the Cop 28 UN climate conference Sultan Al-Jaber is "very clear about" the target to limit global warming to 1.5°C and "how fossil fuels are on the agenda", the summit's director-general Majid al-Suwaidi told reporters on Monday, in response to controversy sparked by comments Al-Jaber

04 十二月 2023

Semiconductors boost S Korea’s November export earnings

South Korea's export earnings surged to their highest so far this year in November on the back of higher earnings from semiconductors, as well as secondary batteries, automobiles, shipping vessels and petrochemicals. November export earnings hit $55.8bn, up by 7.8pc on the year, South Korea's trade

04 十二月 2023

Cop: Singapore sets financing rules to cut greenwashing

Singapore has set out a financial framework that defines green and transition activities to reduce the risk of greenwashing, along with criteria for financing the phasing out of coal-fired power plants. The Singapore-Asia taxonomy, launched by the Monetary Authority of Singapore (MAS) on 3 December

04 十二月 2023

Brookfield-EIG takeover of Australia's Origin defeated

A private equity takeover of Australia's Origin Energy has been defeated, with only 69pc of shareholders' votes backing a A$20bn ($13bn) buyout of the gas and electricity firm by a consortium of Canada-based asset management firm Brookfield and US energy investment firm EIG. Support for the Brookfi

04 十二月 2023

Australia’s Liontown secures lithium port export deal

Australian lithium developer Liontown Resources has received government approval for its port services and access agreement for exports from its Kathleen Valley project in Western Australia (WA). The agreement was completed with Mid West Ports Authority to export the lithium ore from the Port of Ge

04 十二月 2023

Australia’s Empire to acquire gas plant for Carpentaria

Australian independent Empire Energy will buy domestic utility AGL Energy's dormant Rosalind Park gas plant (RPGP) for A$2.5mn ($1.7mn) to further its plans to develop the Carpentaria asset in the Northern Territory's (NT) Beetaloo basin. The 42 TJ/d (1.12mn m³/d) RPGP was used for AGL's 144-well C

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