News Clipping Archive - Page 928 of 1344

Energy Economy ,
Renewables

EDC emerges as lone Phl company in global Carbon Clean 200 list

10 March 2020

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Philippines

Lopez-led Energy Development Corporation (EDC), the country’s geothermal energy leader, has added another feather to its cap by emerging as the only Philippine company to make it to the list of the world’s 200 biggest publicly listed companies that draw significant revenues from clean energy. EDC’s inclusion in the list, called Carbon Clean 200™, provides another proof that the renewable energy company is on the right track to invest in a low carbon future.

Electricity/Power Grid ,
Energy Policy ,
Oil & Gas

Power shift

9 March 2020

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Myanmar ,
Thailand

Energy is vital for countries seeking to power and sustain economic growth. But as the world feels the heat of climate change, the energy industry is under pressure to undertake a major transition. Somehow, it must find ways to ensure that consumption can continue without interruption but with far fewer negative consequences for the environment.

Energy Policy ,
Oil & Gas

Local energy shares free fall

9 March 2020

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Thailand

Local energy shares nosedived by more than 20% following a historic collapse of oil prices amid the price war tension jumpstarted by Saudi Arabia, setting the tone for another week of bear market for Thailand’s main equity benchmark. Share price of PTT Exploration and Production Plc (PTTEP), the oil and gas drilling arm of national oil and gas conglomerate PTT Plc, fell nearly 30% from Friday’s closing during the morning trading session on the back of a fractious meeting in Vienna between Opec member countries.

Electricity/Power Grid

Government looking at ways to lower public electricity bills

9 March 2020

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Thailand

Thailand’s Energy Ministry is examining ways to lower electricity bills for the general public to ease their burden in response to the impact of Covid-19 on the economy, according to Energy Minister Sontirat Sontijirawong. The ministry’s permanent secretary has been asked to call a meeting today with related electricity agencies, including the Energy Regulatory Commission, to discuss the issue.

Coal

Malaysian banks’ lending to coal sector under scrutiny

9 March 2020

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Malaysia

INCREASINGLY, global banks, the latest being JPMorgan Chase, are pulling back from lending to the coal sector because of the climate-related and reputational risks associated with the industry. Despite this global trend, three of the largest banks in Malaysia remain “heavily invested”, according to Market Forces, an Australia-based climate activist group that scrutinises financial institutions.

Oil & Gas

Thailand reveals LNG hub ambitions

9 March 2020

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Thailand

First, it was Singapore that made bare its plans to be an LNG hub in Asia. Not to be outclassed, Thailand too has expressed its own lofty ambitions to get into the race of being Asia’s premier LNG bunker trading hub. There is plenty of reason why. According to The World Bank, more than 70% of Thailand’s electricity production comes from natural gas. With its cleaner properties and growing popularity in Asia where runaway demands led by China is changing all manner of dynamics, Bangkok is just where history wants it to be.

Energy Cooperation ,
Oil & Gas

China-Myanmar pipeline grows in its appeal

9 March 2020

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Myanmar

There was no second-guessing why China’s President Xi Jinping made Myanmar his first stop in a visit earlier this year, even as coronavirus was mercilessly gripping his nation: China has never ceased worrying about reliable supplies of gas, and the prospect of a pipeline with Myanmar is an attractive one.

Energy Economy ,
Energy-Climate & Environment

Unlocking green finance through blockchain can help meet Singapore’s emissions goals

9 March 2020

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ASEAN

As a small island city-state vulnerable to climate shocks, Singapore has proactively embraced the fight against climate change. In his speech during the 2020 Budget debate at the end of February, Coordinating Minister for National Security Teo Chee Hean articulated Singapore’s long-term low-emission development strategy (LEDS). He announced the goal of capping Singapore’s greenhouse emissions by 2030, halving emissions by 2050 and achieving net-zero emissions in the latter half of the century.

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