UN SHIP FUEL EMISSIONS DEAL
Indian conglomerates step up sustainability goals amid rising climate risks
Indian conglomerates including L&T, Vedanta, RPG Group and Zensar are accelerating sustainability efforts amid rising climate risks. L&T launched a Green Campus initiative, cut emissions with biogas, and is targeting zero-waste facilities. Vedanta tied ESG goals to business performance and incentives. RPG’s CEAT and KEC introduced eco-friendly products and digital substations. Raychem RPG and Zensar invested in carbon offsets and solar projects.
Japan's Mitsui to operate ONGC's ethane carriers; equity structure under discussion
Mitsui O.S.K. Lines will operate two very large ethane carriers for ONGC to import petrochemical feedstock for OPaL's Dahej facility, with imports starting around mid-2028. The firms are discussing a joint venture, with Mitsui likely holding a majority stake in the Korean-built ships.
Cos reset sustainability goals amid extreme weather surge
Indian conglomerates like L&T, RPG Group, and Vedanta are intensifying sustainability efforts due to increased extreme weather events. These initiatives include reducing carbon emissions, promoting renewable energy, and implementing ESG metrics into business goals. Companies are also focusing on waste reduction, biodiversity restoration, and employee training in climate mitigation.
Government to greenlight incentives to drive green steel output
The Indian government is preparing a national mission with a proposed outlay of ₹5,000 crore to promote sustainable steel production, targeting both primary and secondary producers. This initiative aims to decarbonize the steel sector through financial support like concessional loans and risk guarantees.
'Sleep under the stars': Hotel mess in Brazil ahead of UN meet
With two months to go, the "COP30 Hotel," spruced up and renamed after the UN climate conference due to take place in the Amazonian city of Belem in November, has zero bookings. "Prices spiraled out of control," conceded COP30 Hotel manager Alcides Moura, adding that "Belem never hosted an event of this magnitude."
Air pollution, human activity linked to worsening fog in Indo-Gangetic Plain: World Met body
The World Meteorological Organization (WMO) reports a surge in air pollution and winter fog across the Indo-Gangetic Plain, impacting over 900 million people. Increased human activity and environmental changes exacerbate fog frequency and duration. Factors like vehicle emissions, industrial waste, crop burning, and urban heat islands contribute to dense fog formation.
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Singapore wants to invest in MRO facilities in Indian civil aviation: MEA
Singapore is eager to collaborate with India to enhance its civil aviation sector by developing maintenance, repair, and overhauling (MRO) capabilities. SIA Engineering eyes partnership with Tata Group, leveraging Singapore Airlines' investment in Air India. Both nations signed five MoUs, focusing on green shipping, space collaboration, digital innovation, and advanced manufacturing skilling, strengthening bilateral ties.
India's diesel shipments to Europe surge 137% in August
India's diesel exports to Europe witnessed a significant surge in August, climbing 137% year-on-year to 242,000 barrels per day. This increase is attributed to European buyers preparing for the upcoming EU ban on fuels refined from Russian crude in 2026.
Indian coal prices to be lower after tax revision, industry officials say
India's coal prices are set to decrease due to tax revisions. The consumption tax hike is offset by removing the carbon levy. This change may boost domestic coal demand, potentially reducing imports. Power generation costs could also fall. The move aims to aid power producers and Coal India's sales. Consumer tariffs might decrease if distribution companies pass on the savings.
Multibillion-dollar deals fuel pickup in India's mergers & acquisitions activity
Mergers and acquisitions in India are increasing. Cross-border deals and private equity funds are driving this growth. M&A volume has reached nearly $41 billion in 2025. Several major acquisitions have occurred recently, including Tata Motors' acquisition of Iveco Group's business. Private equity activity is at its highest. Local players are also increasingly active in M&A.
US tells countries to reject UN ship fuel emissions deal or face tariffs, sources say
The United States is warning nations against backing a United Nations' plan to cut marine fuel emissions. Washington threatens tariffs, visa restrictions, and port levies for countries supporting the deal. The US government opposes the agreement. It believes the measures will burden the shipping industry. The Netherlands confirms receiving a warning. The International Maritime Organization aims to reduce shipping emissions.
Crude shock: Sanctions choke non-Russia oil flow to Nayara
Nayara Energy faces challenges due to sanctions. Crude imports are down, impacting refinery operations. Fuel exports have decreased, leading the company to explore new markets like Brazil and Taiwan. Some shipments have undeclared destinations. The company is focusing on the domestic market with its fuel pumps. Nayara and Rosneft consider the sanctions unfair.
Big blow to US shoppers as Amazon cracks down on Prime perk sharing benefits beyond households
Amazon is eliminating the Prime Invitee Program that let members share free shipping benefits with people outside their household. The program will end October 1, the online behemoth said. The change comes as reports suggest that Amazon’s Prime signups in the U.S. in the run-up to this year’s Prime Day fell short of last year’s total and its own targets.
Were Putin, Xi, and Kim plotting against the US, or was Trump just being ironic?
Moscow has refuted Donald Trump's claim of a conspiracy between Vladimir Putin, Xi Jinping, and Kim Jong Un against the US, suggesting Trump's remark was ironic. Trump expressed disappointment, accusing the leaders of working against American interests and reminding China of US sacrifices in World War II. The Kremlin insists no such plotting occurred, dismissing Trump's accusations.
India can be exporter of sustainable aviation fuel, says Civil Aviation Minister Naidu
India aims to become a major exporter of Sustainable Aviation Fuel. The nation possesses abundant biomass and agricultural residue for SAF production. Civil Aviation Ministry collaborates with ICAO and EU for SAF feasibility study. The study outlines a roadmap for sustainable fuel adoption. India targets blending SAF with aviation fuel, starting with 1% by 2027.
China’s chemicals makers reap reward of shift from oil to coal
Falling coal prices are reshaping China's chemicals sector, benefiting coal-based producers while oil-based counterparts struggle with overproduction and losses.
China’s nuclear armageddon missile aimed at US steals the show at V-Day parade with Kim, Putin in attendance; Trump questions Xi, take a swipe at Japan
China's grand parade in Beijing showcased the DF-5C ICBM, capable of striking global targets, alongside other advanced military hardware, marking the 80th anniversary of victory over Japan. The event, attended by dignitaries like Putin and Kim, highlighted China's military modernization and strategic capabilities under President Xi Jinping. Trump questioned whether China would acknowledge US support during the war.
Oil prices hold on to gains from US sanctions
Oil prices are stable in Asian trading. The market is awaiting the OPEC+ meeting. U.S. imposed sanctions on companies smuggling Iranian oil. U.S. crude oil stockpiles are expected to fall. Economic data is soft. China is holding a military parade. Xi Jinping, Vladimir Putin and Kim Jong Un are attending. China is challenging the U.S. with a new global order.
Gadkari calls for need-based research on green hydrogen to make it economically viable
Nitin Gadkari emphasized green hydrogen's potential to revolutionize transport, pharmaceuticals, and steel industries, aiming to reduce fuel costs and transform India into an energy exporter. He highlighted upcoming trials for green hydrogen trucks and the possibility of using municipal waste for cheap hydrogen production.
World running out of time to act on climate change without cooperation: COP30 president
COP30 President Andre Correa do Lago warns that the world is running out of time to act on climate change, emphasizing the need for cooperation between developed and developing nations. He criticizes the political and financial divide hindering progress and calls for economic solutions, investment, and innovation.
Royal Caribbean’s futuristic massive LNG cruise ship just set sail, and it’s a total game-changer
Royal Caribbean International has officially launched its newest mega cruise ship, Legend of the Seas, at Meyer Turku’s Finnish shipyard on August 29. This vessel is the third in a groundbreaking series of ships redefining modern cruising, combining size, luxury, and cutting-edge sustainability technologies.
Saudi Aramco, Iraq company SOMO halt oil sales to Nayara Energy
Saudi Aramco and Iraq's SOMO have suspended crude sales to India's Nayara Energy following EU sanctions on the Russian-backed refiner. This has forced Nayara, majority-owned by Russian entities, to rely solely on Russian crude imports in August.
GMA’s Labor Day deals and steals: Shop huge discounts with free shipping today
Tory Johnson's "GMA" Deals & Steals offer significant savings on various products for Labor Day weekend. Shoppers can find discounts up to 70% on brands like NYDJ and Vionic. The sale includes shapewear, sneakers, bedding, beauty products, and even diamonds, with prices starting at $9 and many deals offering free shipping.
Iran-backed Houthis raid UN offices in Yemen and detain at least 11 employees
The rebels tightened security across Sanaa after Israel killed their prime minister and several Cabinet members. Abeer Etefa, a spokesperson for the World Food Program, told The Associated Press that security forces raided the agencies' offices in the Houthi-controlled capital Sunday morning. Also raided were offices of the World Health Organization and UNICEF, according to a U.N. official and a Houthi official, who spoke on condition of anonymity because they weren't authorized to brief the media.
Norway will buy fleet of British-made frigates for its navy
Norway has committed to purchasing at least five British anti-submarine ships in a significant 10 billion pound deal, strengthening defense cooperation against Russian operations. The agreement will create a joint naval force of British and Norwegian ships in Northern Europe. This move underscores NATO's increased defense spending in response to security concerns heightened by the Ukraine invasion.
No significant impact on fuel efficiency of vehicles on account of higher blend of ethanol, say OMCs and carmakers
The govt had mandated all vehicles manufactured to be E20 (blended fuel with 20% ethanol and 80% petrol) material compliant April 2023 onwards and fully E20 compliant from April 2025.
Cosco Shipping warns ongoing geopolitcal risks clouds outlook
Trade in emerging markets also boosted growth. Restocking in Europe and the US played a role. The company remains cautious about trade policies.
Maritime investment road map of $1-trillion ready, says Sarbananda Sonowal
India prepares a massive maritime investment plan. The $1 trillion roadmap aims to transform ports, shipping, and logistics. Sarbananda Sonowal highlights opportunities for joint ventures. Focus areas include cargo terminals, shipbuilding, and green hydrogen hubs. India Maritime Week 2025 discussions emphasize shipbuilding capacity and green shipping. The nation aims to boost its blue economy.
How to reduce global warming? World’s first commercial carbon capture facility begins storing CO₂ in Norwegian North Sea
A major milestone achieved in Europe. The Northern Lights project, a carbon capture and storage facility, is now operational. It has stored carbon dioxide under the Norwegian North Sea. CO2 is transported from Heidelberg Materials' cement factory. It goes to an onshore terminal and then via pipeline. The facility's capacity will expand to capture more carbon.
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