San Miguel confirms 10-year renewable energy plan | ABS-CBN

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San Miguel confirms 10-year renewable energy plan

San Miguel confirms 10-year renewable energy plan

ABS-CBN News

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MANILA – San Miguel Corp said Monday it planned to add 10,000 megawatts in renewable energy capacity to its portfolio.

Power unit SMC Global Power Holdings Corp will set up the projects in the next 10 years, San Miguel told the stock exchange, confirming a newspaper report.

San Miguel president Ramon Ang was quoted saying over the weekend that San Miguel was "going to invest heavily on renewable energy."

Ang said SMC would invest in hydro-electric, wind, battery storage and tidal power, but not solar due to its low generation. -- with a report by Michelle Ong, ABS-CBN News

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Chinese FM says no winners in arbitrary tariffs

Chinese FM says no winners in arbitrary tariffs

Reuters

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Chinese foreign minister Wang Yi said on Friday that China will "play along to the end" if the United States is bent on suppressing the country.

Wang, speaking at the Munich Security Conference, said China would respond resolutely to unilateral "bullying" practices but hopes the U.S. can work together with it in the same direction.

Asking about China's stance on the Ukraine conflict, Wang said China believes all parties and stakeholders should participate in peace talks on the Russia-Ukraine conflict, and that, Europe, should also play an important role in the process to help address the root cause of the crisis.

Wang strengthened in his speech that China sees Europe as an important pole in a multi-polar world and regards the two sides as partners, not rivals.

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"Protectionism offers no way out and arbitrary tariffs produce no winners."

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