PH lags in global push for renewables

The Philippines has been slow to action and way behind its commitments to global initiatives on reducing or avoiding gas emissions harmful to the environment, despite the existence of many laws seeking to promote the use of renewable energy sources. Instead of attracting investors in power projects run by nonfossil fuels, the current regulatory environment…

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Petron recovers with P3.87-B income amid improved oil prices, market sentiment

Petron Corp. made a turnaround in the first half of the year, bouncing back with a P3.87-billion consolidated net income after hitting a P14.24-billion net loss in the same period last year, as oil prices picked up and market optimism returned amid the rollout of vaccines against COVID-19. “Though we continue to face some challenges,…