U.S.-based energy company ConocoPhillips announced a compensation deal in China to resolve issues related to the June 2011 incidents at the Peng Lai 19-3 field in Bohai Bay. ConocoPhillips and the China National Offshore Oil Corporation reportedly reached an agreement with China's Ministry of Agriculture under which CNY1 billion will be paid as compensation to [...]

U.S.-based energy company ConocoPhillips announced a compensation deal in China to resolve issues related to the June 2011 incidents at the Peng Lai 19-3 field in Bohai Bay. ConocoPhillips and the China National Offshore Oil Corporation reportedly reached an agreement with China's Ministry of Agriculture under which CNY1 billion will be paid as compensation to [...]

Hong Kong's Environmental Protection Department announced the approval of 13 applications for funding support on the trial of green and innovative transport technologies under the Pilot Green Transport Fund. The government set up the HKD300 million Fund to encourage the public transport sector to test out green and low-carbon transport technologies. The Fund has been [...]

The Coalition for American Solar Manufacturing has responded to statements made by China's Ministry of Commerce regarding the anti-dumping petitions filed by SolarWorld Industries America Inc. against China's alleged trade practices. Last week, Mofcom posted messages on its website that said a global economic recovery could be hampered if the U.S. government sends an inappropriate [...]

Panasonic will cooperate with Hangzhou Dadi Environmental Protection Engineering Company Ltd., Dowa Holdings Company Ltd., and Sumitomo Corporation to form a jointly-held company, Panasonic Dadi Dowa Summit Recycling Hangzhou Company Ltd., in China. The new joint venture will be engaged in the recycling of home appliances and electronics and is expected to start operation in [...]

GE and Harbin Electric Company Ltd. signed a memorandum of understanding in which HE agreed to purchase GE's newest gas turbine featuring FlexEfficiency technology. As part of the MOU, HE plans to purchase four 9FB gas turbines from GE before the end of 2013, including two that will incorporate FlexEfficiency technology. The purchases are subject [...]

U.S. based law firm Levi & Korsinsky is reportedly investigating China Integrated Energy Inc. to determine whether it has violated federal securities laws by issuing false and misleading statements. According to a statement from the law firm, on March 16, 2011, Sinclair Upton Research issued a report alleging that China Integrated concealed numerous "fraudulent acquisitions" [...]

To promote the establishment of charging facilities for electric vehicles in private properties, the Hong Kong government has launched a hotline to serve as a one-stop shop to assist those seeking to set them up. "To better facilitate the setting up of EV charging facilities in private premises, we have launched a hotline to provide [...]

U.S.-based Wells Fargo & Company signed a strategic cooperation agreement last week with China's Baoding Tianwei Group focused on the development and building of solar power products in the United States. The agreement includes potential financial support for Hawaii-based Hoku Corporation, a subsidiary of Tianwei. Hoku's subsidiary is building a polysilicon manufacturing facility in the [...]

Hong Kong's Energy Advisory Committee held its Forum on Low Carbon Energy and Climate Change last week to discuss the role of energy policy and measures in combating climate change. There were reportedly two discussion sessions at the forum. The first session examined the reduction of greenhouse gases emissions through enhancing building energy efficiency, as [...]