DOE readies submission of energy transition plan
by Danessa Rivera | May 15, 2022 | Published by The Philippine Star | READ THE STORY HERE MANILA, Philippines — The incoming administration will have to push harder to develop indigenous and clean power sources to strengthen the country’s resiliency amid global energy issues as the Department of Energy (DOE) prepares a comprehensive report for the transition. DOE Undersecretary Felix William Fuentebella said the agency is coming up with a comprehensive report and proposals to be turned over to the next administration. He said the agency’s energy policy and planning bureau has been collating inputs from other [...]
Asian Development Bank to end coal, oil and gas financing
Published by Nikkei Asia | May 8, 2021 | READ THE STORY HERE Environmental groups welcome move, but criticize it as a decade overdue SINGAPORE (Reuters) -- The Asian Development Bank will no longer finance coal mining or oil and natural gas production and exploration, it announced in a draft policy statement on Friday, a move welcomed by environmental groups, which said it was a decade overdue. The multilateral development bank, which focuses on eradicating poverty in Asia, provided no timeline for its commitment. It also laid out conditions under which fossil fuel projects would continue to receive funding, [...]