BLOOMBERG PetroChina posted a record annual profit following a global spike in energy prices and rising output of oil and gas. China’s largest oil producer reported net income of 149 billion yuan ($21.6 billion) for 2022, according to international financial reporting standards, up from 92 billion yuan a year earlier, the company said in a stock exchange filing. Parent company ...

CANBERRA / WAM Australia’s government expects to win approval for a flagship climate policy to rein in the country’s worst polluters after agreeing to rules that could curb development of new fossil fuel projects, Bloomberg reported. The country’s revised safeguard mechanism, which would compel around 215 of the nation’s most emitting industrial sites to cut greenhouse gas emissions by about ...

BLOOMBERG Eskom Holdings SOC Ltd said it will request that one of the key remaining conditions to separate its transmission unit is concluded within the next month, a step that would mark progress towards transforming the business and opening the grid up to private producers. Spinning off the business to become the National Transmission Co South Africa still requires licenses ...