Author: omc_admin

Pertamina, the state oil and gas firm of Indonesia, is considering importing oil products from the United States amid the trade and tariff negotiations, Argus reported on Monday.Indonesia seeks to show the United States that it is working to reduce its trade surplus with America and pledges to buy more U.S. products, especially energy, to reduce its trade surplus.Last week, Indonesia’s Energy Minister Bahlil Lahadalia urged Pertamina to import American fuel regardless of the logistical challenges, Jakarta Globe reported.“There is no excuse [to not import from the US]. We have already imported liquefied petroleum gas [LPG] from the US,” Lahadalia…

With a shaky IPO market, tariff uncertainty, and stock market jitters, these are not easy times to be the chief financial officer of a late-stage tech company.Against that precarious backdrop, I sat down last week with the CFOs of Mercury, Vercel, and Cribl at the San Francisco office of CRV, one of Silicon Valley’s oldest venture firms and an early investor in all three startups.”I’m expecting a lot more uncertainty,” said Daniel Kang, CFO of Mercury, a fintech banking startup that recently doubled its valuation to $3.5 billion after raising $300 million in its latest funding round. “There’s a lot…

India-based climate tech startup Alt Carbon announced that it has raised $12 million in a seed financing round, with proceeds aimed at scaling its Enhanced Rock Weathering solution to remove and store carbon across the Global South. According to the company, the announcement marks the largest seed round to date for climate tech in India. Founded in 2023 by brothers Shrey and Sparsh Agarwal, Alt Carbon has set a goal to remove 5 million metric tons of CO2 by 2030, with a focus on Carbon Dioxide Removal (CDR) in South Asia, through technology pathways like Enhanced Rock Weathering (ERW). The…

Three-tier ESG segmentation: New financial savings products help investors align portfolios with ESG values at varying levels of engagement. Full integration across units: CNP Assurances, LBP AM, and Louvre Banque Privée fully embed ESG in life insurance, funds, EMTNs, and discretionary management. Shift in advisory strategy: Relationship managers now prioritize ESG considerations alongside traditional financial risk analysis. La Banque Postale is restructuring its financial savings offerings with a new ESG-based framework, giving clients tailored access to responsible investment solutions and reaffirming the bank’s leadership in sustainable finance. The revamped product range—spanning life insurance, ordinary securities accounts, and Share Savings Plans—offers…

Sets first-of-its-kind quality benchmark for environmental attribute certificates (EACs) in the concrete and steel sectors. Targets Scope 3 emissions, which account for a major share of global carbon output in construction supply chains. Backed by industry consultation, the guidance prioritizes verifiability, additionality, and catalytic impact for real emissions cuts. Microsoft and Carbon Direct have introduced a new framework to elevate the credibility of environmental attribute certificates (EACs) used to decarbonize the concrete and steel industries—two of the most emissions-intensive sectors globally. The new guidance, developed in collaboration with suppliers, sustainability bodies, and material experts, outlines clear criteria for high-quality EACs.…

President Donald Trump said he was “absolutely” considering new sanctions against Russia as Ukraine said Moscow launched its largest drone barrage of the war during a third night of strikes. Trump’s comments, made to reporters in New Jersey on Sunday came as he grows visibly frustrated with Russian President Vladimir Putin and the state of talks meant to deliver a ceasefire in Ukraine. The US president has repeatedly threatened new sanctions in the past without following through. “I’m not happy with what Putin is doing,” Trump said before Moscow’s latest barrage. “He’s killing a lot of people, and I don’t…

Meta to receive 650 MW of solar energy from AES to power its data centers in Texas and Kansas. Projects will generate local economic benefits, including hundreds of construction jobs and long-term tax revenue. AES strengthens leadership in hyperscaler energy supply, now with 10.1 GW in signed contracts globally. Meta is deepening its renewable energy strategy through two long-term Power Purchase Agreements (PPAs) with The AES Corporation, totaling 650 megawatts of solar capacity. The clean power will support Meta’s expanding data center operations in the Southwest Power Pool (SPP) market, which includes Texas and Kansas. “AES is proud to partner…

The veteran-led organisation on the frontline of disaster recovery wants federal government support to help establish a 10,000-strong volunteer army.Disaster Relief Australia (DRA) is pushing for a new funding deal to secure its future and grow its force, as it positions itself as an alternative to the Australian defence force in the aftermath of major floods, fires and cyclones.The prime minister, Anthony Albanese, on Monday said the organisation did “amazing work” and the government would “work with them constructively” – but stopped short of guaranteeing new funding.The not-for-profit DRA, which draws on veterans’ skills and experience, is being increasingly utilised…

Oil production has started from the fourth development phase of the Mero field off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos basin. The field is operated by Petrobras (38.6%), with TotalEnergies and Shell Brasil each holding 19.3% working interest.  Launched in August 2021, this new phase called “Mero-4” will connect 12 wells to the new Alexandre de Gusmão FPSO (Floating Production, Storage and Offloading) unit, with a production capacity of 180,000 barrels of oil per day (bpd). This project has been designed to minimize greenhouse gas emissions, with reinjection of the…

ECB President Christine Lagarde argues the US economic policy shifts have created inroads for the euro to the standard currency for future global trade.The euro could become a viable alternative to the US dollar as the global standard currency for international trade, according to European Central Bank President Christine Lagarde. In a speech in Berlin, Germany, Lagarde said on Monday that the erratic economic policy of the United States has spooked global investors into limiting their exposure to the dollar in recent months. Many have opted to invest in gold, without seeing a viable alternative. “The ongoing changes create the…