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Strategic Capital Mobilization: AIIB and Keppel aim to deploy up to $1.5 billion in sustainable infrastructure projects by 2030. Focus Areas: Investment will target renewable energy, digital infrastructure, transport, and urban services across Asia-Pacific. Public-Private Synergy: The partnership combines AIIB’s long-term capital with Keppel’s operational expertise to address the region’s infrastructure gap. The Asian Infrastructure Investment Bank (AIIB) has entered into a strategic partnership with Keppel Ltd. to mobilize up to USD1.5 billion for sustainable infrastructure projects across Asia-Pacific. The agreement, signed during AIIB’s 10th Annual Meeting in Beijing, will run through December 2030. The collaboration will support infrastructure projects…

IFRS-Aligned UK Standards Released: The UK’s draft Sustainability Reporting Standards (UK SRS) closely follow the ISSB’s IFRS S1 and S2, with key UK-specific modifications. Extended Climate-First Relief Proposed: Businesses may receive a two-year grace period to focus first on climate disclosures—double the ISSB’s one-year provision. Mandatory Reporting Under Review: Government seeks input on the cost-benefit of UK SRS adoption, informing potential future mandates for corporate disclosure. The UK government has released exposure drafts of its new UK Sustainability Reporting Standards (UK SRS), marking a significant step toward a modernised corporate reporting framework. The drafts are modeled on the International Sustainability…

Iraq is in advanced talks with Excelerate Energy Inc. to facilitate its first-ever liquefied natural gas imports as the country, which struggles with power outages, seeks to cut dependence on Iran for supplies. Texas-based Excelerate is one of several companies to have submitted a bid to provide an LNG import ship and secure supplies of the fuel, said Ali Salman, acting director general for the state-run South Gas Co., which has been charged with overseeing the development of the project. An Excelerate representative declined to comment. Iraq’s push to buy LNG comes as the country halted electricity imports from neighboring…

Energy Transfer LP said Wednesday it had signed an incremental agreement with Chevron Corp. for additional volumes of 1 million metric tons per annum (MMtpa) from the planned Lake Charles LNG, increasing Chevron’s offtake from the Louisiana project to 3 MMtpa. The expanded agreement, which builds on the initial one signed December 2024, commits supply for Chevron for 20 years. “This expanded LNG agreement reflects the growing strength of Chevron’s global gas business”, Freeman Shaheen, president at Chevron Global Gas, said in a statement issued by Energy Transfer. Tom Mason, president of Energy Transfer LNG, commented, “This agreement marks a…

Professional services and information solutions provider Wolters Kluwer announced today the launch of two new ESG data solutions, CCH Tagetik ESG & Sustainability for CBAM aimed at simplify compliance with the EU’s Carbon Border Adjustment Mechanism regulation, and CCH Tagetik ESG & Sustainability for Planning & Analytics, designed to support the alignment of ESG initiatives with financial performance and to integrate sustainability into decision-making. CBAM is the EU’s carbon tax on imported goods, established to avoid “carbon leakage,” a situation in which companies move production of emissions intensive goods to countries with less stringent environmental and climate policies. The regulation comes…

Union minister Nitin Gadkari on Thursday said that India will become the net exporter of energy in next six to seven years.Speaking at Times Event here, the minister of Road Transport and Highways, said: “Today we are the importer of the energy but within six to seven years we will be exporter of the energy.” Stressing that hydrogen is the fuel of the future, he said the government is encouraging alternative fuel and biofuel such as ethanol, biodiesel, electric vehicles, and hydrogen. Changing fuel will not only reduce pollution but will also bring down logistic cost, he said and added…

FourTwoThree, backed by NatWest, NAB, and SC Ventures, aims to mobilize SME climate action by simplifying Scope 3 emissions measurement and enabling sustainable financing. The platform supports seamless data-sharing across enterprises and their SME networks, unlocking competitive advantage and regulatory compliance for banks and corporates. FourTwoThree’s acquisition of PointSource will further automate SME access to sustainability frameworks, subsidies, and supply chain compliance tools. A new platform, FourTwoThree, has launched with backing from global banks NatWest Group, NAB, and SC Ventures to address the urgent need for scalable SME climate action. The initiative targets the $50 trillion financing gap for transitioning…

Canadian oil sands production will reach record annual production in 2025 despite lower prices, according to a forecast from S&P Global Commodity Insights. Oil sands production in the country is projected to reach 3.5 million barrels per day (bpd) for the year, 5 percent higher than last year, the data analytics firm said in a news release. Production could surpass 3.9 million bpd by 2030, an increase of about 500,000 bpd over 2024 figures, and 100,000 bpd higher than the previous outlook, according to the release. The outlook continues to expect oil sands production to enter a plateau later in…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sam Laidlaw, the former chief executive of Centrica, is out of the running to be the next chair of oil major BP. Laidlaw, who stepped down as chief of the British Gas owner in 2014, has told associates he withdrew from the process as he thinks BP will either be sold to a rival or will require painful restructuring. He questioned whether the current management of BP — whose share price has fallen more than 22 per cent in the past 12…

Eni’s renewables arm Plenitude and Modine have signed a deal to build a solar plant with a capacity of 1.585 megawatts peak (MWp) in Pocenia, Italy, to power Modine’s facilities. The project will generate about 1.8 gigawatt hours (GWh) annually and will “contribute to powering an innovative system for the generation of thermal and cooling energy at Modine’s facilities”, Eni said in a press release. Modine is a multinational developer of heat exchange solutions for commercial, industrial and mobile systems. The project will also install high-efficiency, next-generation heat pumps with a total capacity of 5 MW and condensing boilers with…