Author: omc_admin

Kerala Cabinet approves India’s first state-level ESG policy to guide sustainable investment. Policy designed to attract low-pollution, environmentally aligned industries to the state’s industrial ecosystem. Move positions Kerala as a potential model for subnational ESG governance within India’s climate and economic framework. Thiruvananthapuram Pushes ESG Into State Policy The Kerala Cabinet has approved a state-wide environmental, social, and governance (ESG) policy, making it the first Indian state to formally embed ESG principles into its investment framework. The decision, announced Tuesday following a cabinet meeting chaired by Chief Minister Pinarayi Vijayan, aims to position Kerala as a preferred destination for ESG-compliant…

The Net-Zero Banking Alliance (NZBA) announced that it will cease operations, ending the activities of the UN-backed banking sector coalition dedicated to advancing global net zero goals through their financing activities. The decision was made following a series of high-profile departures from the coalition, leading to a vote by its member banks to significantly restructure the initiative from a membership-based alliance to a framework providing guidance for banks on setting decarbonization targets, and to support their climate transitions plans. In a statement provided to ESG Today, an NZBA spokesperson said: “Members of the Net-Zero Banking Alliance (NZBA) have voted to…

Masdar secures 49.99% stake in four operational Spanish solar plants, adding 446 MW of capacity. Transaction lifts Masdar’s gross operational capacity in the Iberian Peninsula to 3.2 GW, with more than 2 GW in the pipeline. Spain cements role as a strategic hub in Europe’s energy transition as Masdar deepens partnership with Endesa. Masdar has completed the €368 million ($392 million) acquisition of a near-50% stake in a portfolio of four solar photovoltaic plants in Spain, strengthening its position in one of Europe’s most competitive renewable energy markets. The deal, closed with Endesa’s renewable subsidiary Enel Green Power España, brings…

Executives from oil and gas firms have revealed where they expect the Henry Hub natural gas price to be at various points in the future in the third quarter Dallas Fed Energy Survey, which was released recently. The survey asked participants what they expect Henry Hub natural gas prices to be in six months, one year, two years, and five years. Executives from 121 oil and gas firms answered this question and gave a mean response of $3.35 per million British thermal units (MMBtu) for the six month mark, $3.53 per MMBtu for the one year mark, $3.94 per MMBtu…

Garanti BBVA makes sustainability loans fully available via mobile and online platforms, cutting time and operational costs. Borrowers must document green and social project spending, ensuring funds are directed toward verifiable sustainability outcomes. The bank has raised its sustainable-finance target to 3.5 trillion lira ($104 billion) for 2018–2029, after already meeting its 2025 goal four years early. Türkiye’s largest private lender accelerates green finance Garanti BBVA, the Turkish arm of Spain’s BBVA, has digitized its sustainability loan offering, making it accessible through mobile and internet banking platforms. Previously limited to branch applications, the loans are now available to both corporate…

India’s biggest state-owned oil companies seek long-term supply of liquefied petroleum gas (LPG) from the United States for the first time, according to tender documents Bloomberg has reviewed. Indian Oil Corporation, Bharat Petroleum Corporation Limited (BPRL), and Hindustan Petroleum Corporation Limited (HPCL) are seeking long-term deals with the U.S. for the first time, as global flows of the cooking fuel have been upended in recent months with the Trump Administration’s trade policies. India has long-term deals to procure LPG from Saudi Arabia. Now it seeks U.S. LPG supply, after signaling it would seek to buy more of America’s energy products to appease…

Serica Energy plc said it signed a sale and purchase agreement to acquire all of the issued share capital of Prax Upstream Limited from Prax Exploration & Production Plc. Prax Upstream owns and is the operator of the Lancaster field west of the Shetland Islands in the United Kingdom’s (UK) North Sea, Serica said in a news release. Prax Upstream is also party to separate executed sale and purchase agreements (SPAs) with TotalEnergies SE and ONE-Dyas for the purchase of certain assets, according to the release. The acquisition, including completion of the existing SPAs, consists of a 40 percent operated interest…

A Repsol SA consortium began producing oil in the Leon-Castille development offshore Louisiana, which represents the first refurbishment of a production facility in the Gulf of America, the Spanish company said. The two-field project’s Salamanca floating production unit (FPU), which sits in a water depth of about 6,400 feet in the Keathley Canyon 689 area, has now been started up. The FPU is designed with an initial capacity of 60,000 barrels per day (bpd) of crude and 40 million cubic feet a day of natural gas, according to the owners. Repsol has a declared ownership of 50 percent in Leon,…

Stride dismisses suggestions Badenoch will be replaced next year, though he admits it might get ‘bumpy’In his FT interview Mel Stride, the shadow chancellor, also dismissed speculation that Kemi Badenoch will be replaced as Tory leader within the next year. Many of her colleagues think she will face a successful leadership challenge, most probably after poor results in the Senedd, Scottish parliament and English local elections next May.Stride said that he thought Badenoch was similar to Margaret Thatcher, who was widely criticised when she became opposition leader in 1975 but who over time developed into an effective leader. He said:…

The future reality of your social feed could be a lot less real.Can I interest you in a video of Sam Altman stealing GPUs? Or a sasquatch terrorizing two of your favorite BI reporters?No? Too bad. AI slop is here whether we like it or not.BI’s Katie Notopoulos, who understands internet culture better than anyone I know, breaks down the rise of short-form, AI-generated videos invading our feeds.If you’re wondering what exactly AI slop is, think of it as weird, nonsensical content that’s quickly generated with artificial intelligence. The concept has been around for a bit — Remember “Shrimp Jesus”?…