Forecasts of tighter LNG supplies along with volatile prices for the next few years are keeping buyers on edge and are impeding the push towards alternative energy sources. As a result of these factors, energy security has become a top… Read More ›
financing
Egypt to host COP27 climate summit in November 2022
According to a senior Egyptian official, Cairo will position itself as an impartial arbiter while hosting this year’s COP27 climate summit. It will pushes nations to act on their climate pledges while promoting the interests of the developing world. In… Read More ›
Chinese property developer Sunac China misses deadline for $742M offshore bond payment
Chinese developer Sunac China has missed the deadline for a coupon payments on a $742 million offshore bond and said, it doesn’t expect to make payments coming due on other bonds as well. The development adds to the wave of defaults… Read More ›
TSMC raises $3.5 billion for Arizona chip plant
A term sheet from TSMC shows that the chip giant has raised $3.5 billon in bonds for its new plant in Arizona. TSMC, the world’s largest contract chip-maker, has commenced constructing a chip plant at Arizona last year. It intends to… Read More ›
World Bank approves $723M loan and grants for Ukraine
On Monday, the World Bank said its executive board has approved a $723 million loan package and grants for Ukraine. The move is aimed at providing desperately cash to the Ukrainian government to support its budget even as it battles… Read More ›
European Commission releases draft green investment rules
In a major development, the European Union has drawn up plans which labels nuclear energy and some natural gas projects as “green” investments. The development comes in the wake of a year-long battle between governments over which investments are truly… Read More ›
Biden Administration orders immediate stop in financing new carbon intensive fossil fuel projects overseas
According to US diplomatic cables, the Biden Administration has ordered U.S. government agencies to immediately stop financing new carbon-intensive fossil fuel projects abroad and prioritize global collaborations towards clean energy technology. The move is aimed at ending US financial support… Read More ›
Lessons from Wuhan Coronavirus should not be squandered: Oxford-AstraZeneca
In a statement vaccine maker Oxford-AstraZeneca said, future pandemics could potentially be more lethal than COVID-19; the lessons learned from coronavirus induced COVID-19 outbreak must not be squandered. According to Johns Hopkins University, the Wuhan Coronavirus has, so far, killed 5.26… Read More ›
20 countries pledge to stop public funding of fossil fuel projects abroad by 2022
Twenty countries, including the United States and Canada have agreed to stop public funding of fossil fuel projects abroad by the end of 2022 and instead steer spending into clean energy. The commitment has been termed as a “historic” step… Read More ›
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