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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…

Var Energi ASA said it has successfully started production through the Jotun floating production, storage and offloading vessel (FPSO) at the Balder field in the North Sea. The FPSO extends the life of the first production license, PL001, on the Norwegian Continental Shelf, “adding high-value barrels towards 2045 and beyond,” the company said in a news release. Within three to four months after the start of production, Var Energi expects to raise production by approximately 80,000 barrels of oil equivalent per day (boepd) gross, on top of the current production of approximately 30,000 boepd gross through the Balder floating production…

A new climate action platform, FourTwoThree, has debuted with backing from NatWest Group, NAB, and SC Ventures, Standard Chartered’s platform, aiming to accelerate the sustainable transition of millions of small- and medium-sized enterprises (SMEs) globally. The platform has been designed to facilitate collaboration between large enterprises and their SME value chains when measuring, understanding, and reducing carbon emissions. The initiative has been launched in response to growing regulatory, investor, and customer pressures on companies to address Scope 3 emissions, which often originate from supply chains and can constitute over 70% of a company’s total emissions. According to FourTwoThree, the new…

  Vietnam has said it expects to sign a framework trade deal with the United States within the next two weeks. Prime Minister Pham Minh Chinh said on Wednesday he anticipated a trade deal with the US to be agreed upon by early July, before the Trump administration’s pause on 46% reciprocal tariffs on Vietnamese exports ends. Speaking at the “Is Asia’s Century at Risk?” panel during the ongoing World Economic Forum in Tianjin, in northeastern China, Chinh said Vietnam’s government was in frequent communication with the Trump administration on tariffs.   ALSO SEE: China Passes 1 Terawatt of Solar Power,…

Indian refiners’ throughput in May rose 0.4 per cent year-on-year to 5.47 million barrels per day (23.11 million metric tons), provisional government data showed on Thursday.Refinery throughput in April was at 5.25 million barrels per day (21.49 million metric tons).India’s fuel demand in May rose to its highest in more than a year, while crude oil imports reached a record high of 23.32 million metric tons.The country is the world’s third-biggest oil importer and consumer. “What drives refinery runs is domestic demand and refined product net exports. Oil demand was modestly up in May versus one year ago and refined…