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▪︎ [Petroleum] Despite a 4-year low output from OPEC countries, oil prices fell due to growing US production that led to the highest stockpile level since 2017. ▪︎ [Spain] Spain’s pro-climate socialist

▪︎ [Gazprom] Gazprom announced plans to start gas supply to China in the third quarter of this year. ▪︎ [Arctic LNG 2] Russia’s largest LNG producer Novatek announced that it will sell 20% shares of the

∙ [Belt and Road Initiative] UN Secretary-General Guterres calls for a green and sustainable development in the Belt and Road Forum. ∙ [Carbon Farming] EU will issue a plan later this year that outlines

[Transition] UK has set a new record of going entirely coal-free for almost four days. [Corporate Engagement] Apple has succeeded in urging 44 of its supplier to go 100% renewable. [Corporate Commitment]

∙ Central Banks of England of France urged companies, industries, and governments to take climate-related risks into account and brace for a transition. ∙ Bank of England will incorporate climate risks

▪︎ Trump’s executive order calls for a revision of the Clean Water Act in a bid to weaken individual state’s power to block oil and gas pipeline projects, and an update on safety regulation to facilitate

▪︎ Fiat Chrysler will purchase carbon credits from Tesla to meet its compliance in the EU. ▪︎ European Parliament decides nuclear is not renewable energy ▪︎ UK electricity system operator National Grid

▪︎ US Securities and Exchange Commission spoke in favor of Exxon Mobil Corp, noting that the company is not liable for setting emission targets requested by shareholders. ▪︎ Denmark and Sweden strengthened

▪︎ President Trump revived construction of a TransCanada’s Keystone XL pipeline facility with an executive order, a permit that will allow importation of crude oil from Canada to the US. ▪︎ US EPA approved

▪︎ European Parliament approved the 37.5% CO2 emission limits for new cars by 2030 while setting an interim goal for 2025. ▪︎ Germany’s cabinet proposed a plan to make LNG investment easier, in a bid to

▪︎ Swiss has entered into revising its CO2 ordinance on the 25th in order to align its emission trading system with that of EU, ahead of the scheduled market linkage in 2020. ▪︎ A strong economy and high

▪︎ EU and France are urging Australia to increase its emission targets amidst FTA negotiation. ▪︎ Australian opposition leader Bill Shorten is considering not carrying over carbon credits under Kyoto to

∙ The Navajo coal plant, one of the largest emitters of greenhouse gas in the country, will face dismantling soon following a failure to find a new owner. ∙ A ruling by US judge Rudolph Contreras has suspended

∙ Turkish Energy Minister is expanding Turkey’s energy market in preparation for EU players’ involvement, with Trans Adriatic Pipeline(TAP) and TurkStream pipeline operation visible each by 2019 and 2020.