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Core Insights - Founder Group Limited has secured an EPC contract worth 19.5 million Malaysian Ringgit (approximately 5 million USD) to construct a 5.5 MW solar facility under Malaysia's LSS5 program, which is the largest solar tender project in the country to date [1][2]. Industry Overview - The LSS PETRA program, part of the broader Malaysia MADANI framework and the National Energy Transition Roadmap (NETR), is crucial for accelerating renewable energy deployment in Malaysia, aiming for net-zero emissions by 2050 [2]. - Since its inception in 2016, the LSS program has been a key catalyst for the growth of Malaysia's renewable energy sector, with approximately 121 large-scale solar projects approved, totaling an installed capacity of 6,228 MW and expected investments exceeding 21 billion Malaysian Ringgit [2]. Project Details - Under the new contract, Founder Group will be responsible for the design, construction, testing, and commissioning of the 5.5 MW solar facility, which is expected to provide a guaranteed maximum annual available capacity (MAAQ) of 13,568.8 MWh in its first two years of operation [3]. - The project is scheduled to commence commercial operations by May 1, 2027, reflecting the optimistic outlook for Malaysia's renewable energy development [3]. Company Profile - Founder Group Limited is a pure-play, end-to-end EPCC solutions provider in the solar photovoltaic sector in Malaysia, focusing on large-scale solar projects and commercial and industrial solar projects [4]. - The company's mission is to provide innovative solar installation services, promote sustainable resources, and achieve carbon neutrality [4].

KUALA LUMPUR, Malaysia, March 16, 2026 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic (PV) systems in Malaysia, today announced that it has secured a RM19.5 million (approximately US$5 million) EPC contract for a 5.5MW solar facility. The contract was awarded by a prominent solar investment company under Malaysia’s Large Scale Solar 5 (“LSS5”) prog ...

Core Viewpoint - The updated Letter of Expectations from the Ministry of Finance of Lithuania outlines the strategic directions and new priorities for AB "Ignitis grupė," emphasizing sustainable development and energy resilience [1][2]. Group 1: Strategic Directions - The Group is expected to maintain its strategic directions, focusing on sustainable development and the maintenance of Green Capacities and Networks [3]. - Energy resilience and security are highlighted as key areas of focus [3]. - The Group is tasked with advancing offshore wind projects in Lithuania [3]. Group 2: New Priorities - The Letter sets new priorities, including an asset rotation program and good governance practices [3]. - A positive customer experience is emphasized as a critical component of the Group's strategy [3]. - The Group aims for net zero emissions by 2050, with specific financial targets such as Net Debt/Adjusted EBITDA <5x and a credit rating of ≥BBB [3]. Group 3: Financial and Operational Goals - The Group targets an Adjusted ROCE of ≥6.5% and annual dividend growth of ≥3% [3]. - New business models are to be developed to increase energy demand, particularly attracting businesses with high energy needs, such as data centers [3]. - There is an emphasis on analyzing and assessing the development of Green Capacities, ensuring required returns on investments before significant further investments are made [3]. Group 4: Project Development and Efficiency - The Group is expected to prepare scenarios for the development of the Curonian Nord offshore wind farm, ensuring economic viability through proposed alternative solutions [3]. - Increasing operational efficiency in existing activities is also a priority [3].

Core Insights - The episode of Net Zero Speaks features Professor Michael A. Taylor discussing urgent climate resilience strategies for the Caribbean, focusing on immediate local actions rather than distant climate targets [1] - Professor Taylor emphasizes the rapid warming of night temperatures and its impact on cooling, highlighting the need for actionable climate adaptation strategies [1] Climate Adaptation Strategies - Professor Taylor introduces the "Triple C" water security framework: Conserve, Capture, Care, along with practical heat mitigation measures such as shade expansion and reflective roofing [1] - He outlines storm resilience upgrades, including multi-channel early warning systems and stronger shelter standards [1] Implementation and Community Focus - The discussion addresses the challenge of implementing climate policy, advocating for community-driven projects that yield measurable outcomes like reliable water supply and safer schools [1] - The emphasis is on making climate resilience practical and actionable, requiring leadership willing to act now [1]

Group 1 - Santos has won a court case against environmentalists who alleged the company misled shareholders about its net-zero intentions [1] - The case was initiated in 2021 by the Australasian Centre for Corporate Responsibility, claiming Santos made misleading statements regarding its plans to achieve net-zero Scope 1 and Scope 2 emissions by 2040 [2] - The Environmental Defenders Office argued that Santos' claims about natural gas being a "clean fuel" and its pathway to net-zero emissions constituted misleading conduct under Australian law [3] Group 2 - The court case was described as a landmark test regarding carbon capture and storage and the environmental impacts of blue hydrogen, which is seen as crucial for gas companies' net-zero strategies [4] - Despite the plaintiffs' efforts, the case did not establish a landmark precedent, as they focused on the language used by Santos regarding its energy transition plans [5] - The rise of greenwashing lawsuits reflects a broader trend where environmental groups are pressuring companies and governments to prioritize emission reductions [6]

Core Insights - Abu Dhabi National Oil Company (ADNOC) and Eni have signed a significant structured financing agreement with PTT Exploration and Production Public Company Limited (PTTEP) to secure financing of up to $11 billion (AED 40.40 billion) for the Hail and Ghasha gas production project [1][2] Group 1: Project Overview - Hail and Ghasha, located offshore Abu Dhabi, is part of the Ghasha Concession, expected to produce 1.80 billion standard cubic feet per day (bscfd) of gas [2] - The project is notable for being the world's first offshore gas initiative aiming for net zero emissions, with a carbon capture target of 1.50 million tonnes per year (mtpa), equivalent to removing over 300,000 cars from the road annually [2] Group 2: Financial and Strategic Implications - Sultan Ahmed Al Jaber, ADNOC's Managing Director and Group CEO, emphasized that this transaction enhances ADNOC's history of successful global energy partnerships and facilitates capital for the Hail and Ghasha project, which is among the most ambitious offshore gas projects globally [3] - The financing model aligns with ADNOC's recent midstream and infrastructure transactions, including a $4.90 billion (AED 18 billion) oil pipeline partnership and a $10.10 billion (AED 37.10 billion) gas pipeline agreement [3] - Additional significant projects include a $3.80 billion (AED 14 billion) initiative for powering and decarbonizing offshore operations and a $2.20 billion (AED 8.30 billion) project for sustainable water supply to onshore operations [4]

Core Insights - Tullow Oil has appointed Roald Goethe as independent non-executive chair effective December 1, 2025, coinciding with a significant board reduction and restructuring [1][3] - The governance overhaul includes the resignation of Phuthuma Nhleko as chair and non-executive director, along with three other independent directors, resulting in a leaner board of four members [3][6] - The company aims to reduce its cost base and align its board for better strategic execution while addressing upcoming priorities such as refinancing its capital structure [4][5] Company Leadership and Structure - Roald Goethe has over 30 years of experience in African energy markets and has been an independent director since 2023, holding more than 28 million Tullow shares and approximately $400,000 in senior notes [2] - The new board will consist of Roald Goethe (Independent Chair), Rebecca Wiles (Independent Director), Ian Perks (CEO), and Richard Miller (CFO) [6] Strategic Focus - The governance changes are part of a broader industry trend for independent exploration and production companies to streamline operations and improve capital discipline [5] - Tullow is targeting Net Zero Scope 1 and 2 emissions by 2030, aligning the board restructuring with efforts to stabilize production in Ghana and enhance long-term value creation [5]

Australia’s main opposition Liberal Party dropped a commitment to hit net zero emissions by 2050, potentially complicating Prime Minister Anthony Albanese’s efforts to win support to host a flagship global climate summit https://t.co/Ut6we7cygu ...

Core Insights - The meeting at COP30 emphasized the need for stronger public-private collaboration to achieve 1.5°C-aligned solutions and resilient development [1][3][4] Group 1: Meeting Objectives and Participants - The 13th Annual High-Level Meeting of Caring for Climate was convened by the UN Global Compact, UNEP, and UNFCCC, bringing together CEOs, government leaders, investors, and civil society representatives [2][3] - The forum aimed to explore collaboration between business and government to enhance the ambition of Nationally Determined Contributions (NDCs) and transition from fossil fuels [3][4] Group 2: Climate Action and Economic Implications - The meeting highlighted the urgent need for a significant increase in ambition and implementation to address climate impacts, with 1.5°C as a non-negotiable benchmark [4][6] - It was noted that bold climate action is not a cost but a pathway to long-term profitability, resilience, and shared prosperity [4][6] Group 3: Financial Mechanisms and Investment - Discussions focused on the necessary policy and finance mechanisms to unlock private investment in national transitions and de-risk capital flows, especially in emerging economies [5][6] - The UN Global Compact aims to mobilize finance for a just transition and improve clean energy access while prioritizing resilience [6][8] Group 4: Private Sector Readiness - According to the 2025 UN Global Compact–Accenture CEO Study, 88% of CEOs believe the business case for sustainability is stronger than five years ago, with 99% planning to maintain or expand their climate commitments [8] - The findings indicate the private sector's readiness to lead in sustainability, contingent on government support through regulatory clarity and financial instruments [8]