Latest Stories

New tariffs on solar imports would jeopardise nearly 30% of upcoming installed capacity, warns trade group

26 September 2021

New tariffs on imported solar products from Malaysia, Thailand and Vietnam could obstruct almost 30% of the solar capacity the nation is expected to install over the next two years, says a major trade group.

IRENA, GWEC set 380-GW target for 2030

24 September 2021

The Global Wind Energy Council and the International Renewable Energy Agency have set a target of 380 GW of offshore wind installations by 2030, and 2,000 GW by 2050, in a bid to reach international net-zero targets by 2050.

SA says it needs finance to make its tougher greenhouse gas targets a reality

24 September 2021

South Africa, the world’s 12th-biggest emitter of greenhouse gases, will be pushing hard for extra finance at the climate change conference in November in Glasgow to help it shed its coal addiction.

Novatek deputy chairman arrested over allegedly hiding $93mn from IRS

24 September 2021

The deputy chairman and former CFO of Russia’s second-largest gas producer Novatek, Florida businessman Mark Gyetvay, has been arrested in the US on tax charges relating to $93mn that was hidden in offshore accounts.

ING: ECB’s push for net-zero carbon will grow ESG credit

24 September 2021

In the push for reducing carbon, significant investment will be necessary, and in turn, funding will be required. This will provide growth for the credit market, and in particular for anything associated with ESG.

Russian petrochemical giant Sibur merges with rival TAIF

24 September 2021

Russia’s biggest petrochemicals company Sibur has closed a deal to take over 100% of its Tatarstan-based rival TAIF in an equity swap that will leave the shareholders of TAIF with 15% of the merged company and bonds.

Study highlights Mexico’s green hydrogen potential

24 September 2021

Mexico has strong potential for the development of green hydrogen projects, according to a newly released study commissioned by the German-Mexico Energy Partnership.

JP Morgan under investigation on charges of bribing Petrobras

24 September 2021

JP Morgan Chase & Co., a US-based investment bank and financial services provider, is under federal investigation in Brazil on charges of bribing Petrobras to secure artificially low fuel prices.

Australia unveils next step in “gas-fired recovery”

24 September 2021

The Australian government has formalised its plans to provide development backing for two Queensland basins in its ongoing bid to orchestrate a “gas-fired recovery” from the coronavirus (COVID-19) driven recession.

More trouble for Mexico’s private downstream operators

24 September 2021

CRE officials appear to have developed a new procedural tool to suspend operations at independent Mexican storage and transport facilities.