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On November 23, Neng Hui Technology announced that its wholly-owned subsidiary signed a "New Energy Power Battery Assembly Contract" with Company X. The estimated total contract price is RMB 100,146,300 (including tax), with the final contract amount subject to settlement. The contract covers a power battery system assembly, including the upper frame assembly box, power battery, cooling and control system, etc., with a total estimated price of RMB 100,146,272 (including tax). The delivery and payment time for each batch will be determined by both parties through a supplementary agreement, and adjustments to the contract amount will be determined based on market changes in battery cell prices at that time. This matter does not constitute a related-party transaction, nor does it constitute a major asset restructuring as defined in the "Measures for the Administration of Major Asset Restructuring of Listed Companies".On November 23, Mizuho Fukushima, leader of the Social Democratic Party of Japan, posted a strong protest on social media on the 22nd against Japanese Prime Minister Sanae Takaichis erroneous remarks regarding a "national security crisis." Fukushima stated that Takaichis comments were a serious issue, unconstitutional and illegal, and far exceeded the Japanese governments previous stance.On November 23, Baili Tianheng announced that it had received an Acceptance Notice from the National Medical Products Administration (NMPA) for its independently developed, first-in-class, new-concept EGFR×HER3 bispecific antibody ADC (iza-bren), the only one to have entered Phase III clinical trials. The NDA has been formally accepted. This product is indicated for patients with recurrent or metastatic nasopharyngeal carcinoma who have failed prior PD-1/PD-L1 monoclonal antibody therapy and at least two lines of chemotherapy (at least one line platinum-based).Musk: The AI5 chip is nearing tape-out, and development of the AI6 chip has begun. Our goal is to put a new AI chip design into mass production every 12 months. We expect the final number of chips produced to exceed the total number of all other AI chips combined.The governor of Moscow Oblast, Russia, said the Shatura region is still without heating after a Ukrainian drone attack on a power plant.

Canada Introduces Carbon Offset Certificates to Combat Emissions

Haiden Holmes

Jun 09, 2022 11:19

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Canada began a credit system for greenhouse gas offsets on Wednesday, a significant component of its goal to reduce carbon emissions, beginning with a set of rules outlining how projects might create tradable credits by absorbing landfill gas.


The government reported that guidelines for four additional areas, including agriculture and forest management, are in development. This summer, it will also begin creating rules for carbon capture technology, on which Canada's highly polluting oil industry is relying to reduce emissions.


The Liberal government of Prime Minister Justin Trudeau has vowed to reduce climate-warming emissions by 40-45 percent below 2005 levels by 2030. 7 percent of Canada's total carbon output comes from greenhouse gas emissions from trash, including landfills.


The greenhouse gas offset credit system is designed to enable a domestic carbon offset trading market, and the government has stated that it will generate new economic opportunities for businesses and municipalities that reduce emissions.


Participants may register projects and earn one tradable offset credit for each tonne of emissions reduced or removed from the environment, provided their initiatives adhere to the federal offset regulations that specify which activities qualify.


The credits can subsequently be sold to others, such as big industrial polluters obligated to limit carbon pollution or businesses voluntarily offsetting their emissions.


"Beginning with landfills, we are implementing a market-based framework to encourage firms and municipalities to invest in pollution-reducing technology and innovations," stated Environment Minister Steven Guilbeault.


The government anticipates that the price of carbon credits would closely mirror Canada's carbon pricing, which is presently set at C$50 per tonne and will increase to C$170 per tonne by 2030.


However, environmental groups cautioned that enabling polluters to purchase offset certificates rather than reducing their own emissions could jeopardize climate goals.


Greenpeace Canada spokesman Shane Moffatt stated, "Offsetting does not prevent carbon from entering the atmosphere and warming our planet; it merely keeps it off the books of large polluters who are accountable."


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