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SYDNEY: Australia’s largest state economy will waive levies on electric vehicles (EVs) and will offer other incentives, which add up to as much as A$490mil (US$366.5mil or RM1.52bil), in an effort to increase the size of the EV market to half of all new sales within a decade.
KUALA LUMPUR: Amid greater calls to address the climate change agenda, more local oil and gas (O&G) companies are taking steps to prepare for a greener future, including through commitments to reduce carbon emission and diversifying their investments into renewable energy (RE) assets.
Axiata is also looking at options for its Indonesia ops
Tech giants preparing to reach net zero carbon output
No more new work as it contributes to climate crisis
LONDON: A rapid and chaotic energy transition would leave Europe’s biggest banks in financial peril comparable to the subprime crisis that United States lenders faced in 2008.
Don’t expect Australia to join the growing ranks of countries issuing debt to fund environmental objectives any time soon.
WHEN Exxon Mobil Corp decided to get out of a big oil field in Iraq, the government took on the unusual role of salesman. Iraqi officials pitched West Qurna-1 to likely buyers from among Exxon’s supermajor peers, including arch-rival Chevron Corp. There weren’t any takers.
HONG KONG: Global asset managers - including JP Morgan Asset Management Inc and Fidelity International Ltd – will urge five Asian power generators to curb greenhouse gas emissions in an initiative coordinated by the Asia Investor Group on Climate Change.
Asia will have a hard time achieving zero carbon emissions, given it is the most populous continent, and most countries within are developing, S&P Global Ratings says.