(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
Today’s ESG Updates: U.S.-China Trade War Escalates: China’s foreign ministry threatens “resolute countermeasures” against countries complying with U.S. tariffs. New Study Finds Significant Climate Impacts of LNG: U.S. liquefied natural gas exports may rival coal in greenhouse gas emissions. ESG-Focused Stock Indexes Outperform: Sustainable indexes show resilience amid market volatility. Trump Allies to Target Environmental…
China hasn’t imported liquefied natural gas from the United States since early February, as the tariff war hit energy trade and could have long-term consequences for U.S. LNG export contracts. The last LNG cargo to arrive in China from America was a tanker from Corpus Christi, which docked in the southern Chinese province of Fujian…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…
CAMERON LOUISIANA – JUNE 7: A large liquified natural gas transport ship sits docked in the … [+] Calcasieu River on Wednesday, June 7, 2023, near Cameron, La. (Jon Shapley/Houston Chronicle via Getty Images) Houston Chronicle via Getty Images Shares of liquefied natural gas (LNG) exporter Venture Global, Inc. began trading on the New York…
(Bloomberg) — China and Japan agreed that Beijing’s top diplomat should visit in 2025, adding to the signs the two nations are repairing ties that have been strained in recent years. Chinese Foreign Minister Wang Yi would make the trip at the earliest appropriate date, the Foreign Ministry in Tokyo said in a statement Wednesday….
Hong Kong’s standing as an aviation and maritime hub was dealt a severe blow by the Covid-19 pandemic, China’s economic downturn and intensifying competition. Now, it faces another challenge: green fuel. The city trails regional rival Singapore on policies and supply chain development for sustainable aviation fuel (SAF), the most feasible decarbonisation solution for the…
Hong Kong’s standing as an aviation and maritime hub was dealt a severe blow by the Covid-19 pandemic, China’s economic downturn and intensifying competition. Now, it faces another challenge: green fuel. The city trails regional rival Singapore on policies and supply chain development for sustainable aviation fuel (SAF), the most feasible decarbonisation solution for the…
(Bloomberg) — A lack of green offices is posing a fresh risk to Hong Kong’s beleaguered property sector amid a slump that’s already wiped billions of dollars from real estate values. Faced with record vacancy rates and dwindling revenues, developers are reluctant to invest in expensive building upgrades to boost climate credentials and are as…