Chinese battery giant CATL posted sharply slower growth in fourth quarter net profit, after COVID-19 outbreaks and consumer caution hit electric vehicle (EV) demand in the world’s largest auto market, reports Reuters. The world’s largest battery maker’s profit during October to December increased 60.6% from the same period in 2021, according to Reuters calculations based […]
Category: Energy & Environment
Ant Group converted a syndicated credit facility into a $6.5 billion sustainability-linked loan last year, the largest of its kind in Asia-Pacific, reports Bloomberg. The fintech company made the conversion in November to bolster its environmental, social and corporate governance goals including cutting carbon and hiring underprivileged workers, the company said in a statement on […]
China massively accelerated its coal power plans in 2022, quadrupling the number of new permits and approving enough new capacity to supply all the UK’s needs, reports Bloomberg. Local governments permitted 106 gigawatts of new plants, the most since 2015, according to a report from the Centre for Research on Energy and Clean Air and […]
China has raced ahead of the pack in filing patents in nuclear fusion technology, pointing to its ambition to master the science and take the lead in the development of an alternative to fossil fuels, reports Nikkei Asia. China came first in a nuclear fusion patent ranking compiled by Tokyo-based research company Astamuse ahead of second-placed […]
Dozens of ESG funds sold more than $1 billion worth of Tencent Holdings shares in the past six months, as concerns about Chinese censorship and regulatory risks grew, reports Bloomberg. Sustainalytics, an ESG research and ratings company, in late August downgraded Tencent to the category of “non-compliant” with UN principles. Since then, funds run by […]