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Singapore to halve emissions by 2050

Bloomberg Singapore enhanced its pledge to reduce the amount of greenhouse gases it emits, saying it now aims to halve emissions from an expected peak in 2030 within the following two decades. The Southeast Asian city-state expects the emissions ceiling to be 65 million tons of carbon dioxide around 2030, Senior Minister Teo Chee Hean said in Parliament. That will ...

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Total bids for stake in $7.3b UK wind farm

Bloomberg French oil company Total SA is among the final bidders for a stake in an offshore wind farm that may cost more than $7 billion to develop and operate, according to people familiar with the matter. The move is significant because it highlights growing interest from major oil companies in renewables assets. It also would be the first facility ...

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China builds power line for Hubei

Bloomberg State Grid Corp of China started construction of a $2.6 billion ultra-high voltage project that will deliver electricity to the virus-hit province of Hubei. The move by the country’s biggest power distributor is in response to the government’s call to accelerate construction of major energy projects as Chinese leader Xi Jinping seeks to stabilize economic growth, State Grid said ...

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