ESG BLOG

Insights from the world of energy, natural resources and environment

AsiaOne: Plan to cut fuel prices in Indonesia sparks polemic

Image source: Wikimedia Commons (CC BY-SA 3.0) | Credit to: by Uploader's mother, digitally altered by Mr.choppers

Image source: Wikimedia Commons (CC BY-SA 3.0) | Credit to: by Uploader’s mother, digitally altered by Mr.choppers

President Joko “Jokowi” Widodo’s plan to cut fuel prices in a bid to boost people’s purchasing power has sparked a polemic.

An observer has warned that the policy, which was set to be announced on Monday, would hit state-oil and gas firm Pertamina’s revenues while another analyst said impacts resulting from the price cut would be tolerable.

Most of our Premium is imported while the rupiah has continued to decline against the US dollar

Reforminer Institute ...

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EconomicTimes: Saudi Arabia Ready For Investment In India

Image source: Wikimedia Commons  (CC BY-SA 2.0) | Credit to: UNCTAD

Image source: Wikimedia Commons (CC BY-SA 2.0) | Credit to: UNCTAD

 

Saudi Arabian Oil Minister Ali al-Naimi is ready for big-ticket investment in India and is unfazed by crude’s dramatic fall. The Organisation of the Petroleum Exporting Countries (OPEC) kingpin said the international oil cartel will expand its market share, suggesting that high-cost suppliers may crumble and prices will rise again. In a rare interview with an Indian publication, the usually reticent, soft-spoken oil czar also strongly disagreed with Indian counterpart Dharmendra Pradhan’s forcefully articulated assertion that countries like Saudi Arabia were unfairly charging an ‘Asian ...

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ChannelNewsAsia: Firms Move Towards Green Procurement

Image source: Morgue File | Credit to: lensfusion

Image source: Morgue File | Credit to: lensfusion

Companies are becoming more aware of the environmental impact of their supplies procurement, and are moving towards green procurement policies and practices to show their social responsibility.

As a sustainable developer, we go beyond making our buildings environmentally sustainable. We actually operate our offices in a socially responsible manner – CapitaLand

CapitaLand is an example of an organisation that practises green procurement. The property developer ensures all its paper supplies are certified by the Forestry Stewardship Council (FSC).

“As a sustainable developer, we go beyond making our buildings environmentally sustainable. We actually operate ...

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Diplomat: Rise Of Asia’s Environmental Think Tanks

Image source: Morgue File | Credit to: Schick

Image source: Morgue File | Credit to: Schick

Asia’s research footprint is growing. China recently pledged support for 100 new environmental think tanks to expand ministerial analytical capacity. India’s think tanks are poised to benefit from a growing base of knowledge workers. In April, China and Pakistan announced a joint think tank focusing on economic growth, and China has also entered into a “think tank alliance” with the EU to support research about Eurasian economic development.

Despite this progress, the quality and influence of think tanks is not something that can be directly imposed; rather, it must grow organically ...

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BBC: Haze In Asia Badly Hit Singapore

Image source: Wikimedia Commons | Attribution: User:Sengkang

Image source: Wikimedia Commons | Attribution: User:Sengkang

Last Friday morning, the Pollutants Standards Index (PSI) in Singapore hit 341 – the highest level this year.

Singapore Foreign Minister K Shanmugam said late on Thursday that Indonesia was showing “complete disregard for our people, and their own”.

The haze is caused by forests fires in Indonesia used to clear land for palm oil and rubber plantations.

The annual problem of the haze in Asia has been causing hazardous pollution levels across the region for weeks. Any PSI reading over 300 is considered hazardous to health.

Indonesia has repeatedly said it is taking steps to prevent ...

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Eco-Business: CSR Is About Strategic Value Creation

Image source: Wikimedia Commons (CC BY-SA 3.0) | Credit to: Christophe Meneboeuf

Image source: Wikimedia Commons (CC BY-SA 3.0) | Credit to: Christophe Meneboeuf

For many decades, charitable giving to social causes has been a mainstay of the global corporate social responsibility (CSR) movement. But more businesses are realising that traditional philanthropy is no longer enough nor the best way for companies to demonstrate that they are good corporate citizens.

Quite simply, charitable giving does not get firms noticed because everyone does it, and the benefits to communities are often not as great as might be imagined, says Richard Welford, chairman of sustainability consultancy CSR Asia, in a recent ...

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ST: Indonesian Executives Arrested Over Illegal Forest Fires

Image source: Wikimedia Commons (CC0 1.0)  | Credit to: Oliverlyc

Image source: Wikimedia Commons (CC0 1.0) | Credit to: Oliverlyc

Indonesian police arrested seven corporate executives last week in connection with illegal forest fires across Sumatra and Kalimantan, as part of a wide-ranging effort to arrest the haze crisis, The Straight Times reports.

This year, provincial police units in the six areas affected by the haze have been investigating 24 companies and 126 individuals for breaching environmental laws.

Suspects from the latest bust included a senior executive from Bumi Mekar Hijau, a unit of Singapore-based Asia Pulp and Paper (APP), which is also Indonesia’s largest pulp and ...

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TheNation: Myanmar To Lead Oil And Gas Exploration

Image source: Wikimedia Commons (CC BY-SA 2.0) | Credit to: Doc Searls

Image source: Wikimedia Commons (CC BY-SA 2.0) | Credit to: Doc Searls

Despite the slump in energy prices, oil and gas fields in Myanmar will soon be the busiest in Asia as foreign and local investors begin to ratchet up their oil and gas exploration, a recent seminar was told.

Waranon Laprabang, senior vice president of PTT Exploration and Production, said oil prices are creeping up.

We are starting a new era of deep-water exploration in the country.

“For now, operators need to see how they can work together to maintain the success we have achieved,” he told the ...

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Bloomberg: Woodside Offer Biggest Energy Takeover

Image source: Wikimedia Commons Public Domain | Credit to: US Navy

Image source: Wikimedia Commons Public Domain | Credit to: US Navy

Woodside Petroleum Ltd. offered about A$11.65 billion ($8.1 billion) in stock for Oil Search Ltd. in what would be the biggest energy takeover in the Asia Pacific region.

“The market is sending a pretty clear signal that Woodside’s offer is undervaluing the Oil Search stake in the PNG LNG project, which is really one of the most competitive LNG investments in the whole Asia Pacific region,” Angus Nicholson, a market analyst at IG Markets Ltd. in Melbourne, said by phone. “Not to mention Woodside will need PNG government support, ...

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SciDev.Net: Promotion of Clean Technology in APAC

Image source: Wikimedia Commons (CC BY-SA 2.0)

Image source: Wikimedia Commons (CC BY-SA 2.0) | Credit to: CIAT

The UN Framework Convention on Climate Change (UNFCCC) opened its first Asia-Pacific regional hub to promote clean technology earlier this month.

It’s important for the region to have its own centre to make it better equipped in mitigating the impact of climate change

The UNFCCC Regional Collaboration Centre (RCC), formed in partnership with the non-profit Institute for Global Environmental Strategies in Japan, will help developing countries in the region to identify and develop clean development mechanism (CDM) projects to help limit damage from climate change.

Based in Bangkok, Thailand, the RCC helps source ...

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