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Compromise needed on NGC, Methanol Holdings gas price dispute
4 Hrs Ago
A 2018 photo of the Methanol Holdings (Trinidad) Limited (MHTL) Complex in Point Lisas, Couva. - Photo by Jeff K. Mayers
April has only just begun but already its been a bad month for clean energy in TT.
First came news that Methanol Holdings (Trinidad) Ltd (MHTL) – part of the Switzerland-based Proman group – has idled two of its plants.
This came after MHTL and the National Gas Company (NGC) failed to renew a contract for the continued supply of gas owing to a disagreement over price.
NCG cited confidentiality clauses and said it would honour other gas sales contracts with MHTL, while MHTL said it had reached “the absolute limit of our flexibility on contract price and the terms and conditions,” but would continue to engage with NGC and the government.
Oil and gas companies fall short on climate risks in annual reports
Thursday 1 April 2021
A backhoe offloads large pieces of stone at the Nordberg Crushing Plant at the Studley Park Quarry on the Windward Road, Tobago in this 2020 photo. - Photo by Ayanna Kinsale
A detailed analysis of mining, oil and gas companies by ACCA (the Association of Chartered Certified Accountants) and the University of Glasgow Adam Smith Business School reveals the need for more clarity and depth in climate change related disclosures.
The scrutiny of 60 companies’ 2019 annual reports indicates that many companies do not sufficiently engage with disclosures about their climate change-related risks. With COP26 taking place in Glasgow in November, this analysis comes as a wakeup call, with the report authors saying there is a more urgent need for improving climate change-related disclosures.
Issued: Thu, 25 Feb 2021 14:42:00 GMT
Business School academics are working with industry leaders and partner universities to help boost innovation in Europe.
The €4.3m project will examine how different industries, companies, and cultures manage to adapt to rapidly changing situations.
It aims to help companies and technologists navigate how to communicate the value of new technology and have their ideas accepted in society, and for policy makers to better understand how to support and encourage innovation.
Professor Niall MacKenzie is leading the project at University of Glasgow Adam Smith Business School, working with Co-Investigators Dr Jillian Gordon and Dr Dominic Chalmers. He said: “Currently we don’t fully understand how society accepts new technologies or organisational forms in a way that is systematic and actionable. By investigating how society accepts new technologies, ideas, and ventures across 15 different topics our work will help unlock the innovation po