Chinese regulators are mulling a deeper cut in new carbon quotas, a move that would make it more expensive to run small and inefficient coal power plants.
In the past year, prices for solar panels have surged more than 50%, while wind turbines are up 13%, and battery prices are rising for the first time ever.
ESG action is now considered critical to both business and social resilience and is increasingly integrated into board oversight responsibilities and executive compensation.
It expects higher full-year annual output than 2021, as it readies to merge with BHP Group's petroleum arm in what would create a global top 10 oil and gas company.