On April 16, 2021, Russian International Affairs Council (RIAC) and CREON Group held a seminar titled «Prospects for cooperation between Russia and the EU in the ecology sphere». Diplomats, experts and business representatives discussed the possible impacts of the Carbon Border Adjustment Mechanism (CBAM) to be introduced by the EU on the European and Russian economies.
While Germany is trying to build up hydrogen partnership with Russia, and while Russia is pushing for stronger measures to protect climate and environment, the country’s oil and gas industry faces accidents with serious environmental impact on a regular basis. The oil and gas business, which has been notoriously non-transparent for decades, can now be seen a little more open to the public. This is what the studies held by WWF Russia and Creon Group say. Creon, the investment and advisory company, sees a growing transparency trend in the oil and gas connected with the decarbonisation efforts of the EU.
The World Wildlife Fund (WWF-Russia) and Creon Group presented the results of the 2020 Environmental Transparency Rating of Oil and Gas Companies. This year numerous accidents and spills caught much attention. At the same time, environmental transparency of business increased, while the final calculation saw the top three leaders changed. The rating report is being conducted with the support of the European Union.
On December 4, 2020 at 12.00 at the ITAR TASS press center, the results of the " Environmental Transparency Rating of Eurasian oil and gas companies 2020" will be presented. The event will also host an online round table "Energy Transition - Eurasian Context" dedicated to the challenges of decarbonization for the oil and gas industry in Russia, Europe and Asia.
JSW Steel Italy announced the signing of an agreement with Creon Capital with the aim of developing the renewable energy, LNG, logistics and related industrial activities in the area of Piombino port. On September 15th, JSW Steel presented the Piombino 2030 Industrial Plan.
Creon Capital has signed a Memorandum of Understanding (MoU) with JSW Steel Italy Piombino S.p.a., Piombino Logistics S.p.a. and G.S.I. Lucchini S.p.a. aiming for the development of a sustainable energy industry in Italy.
The Government of Perm Krai, Creon Capital and Creon Energy Asia (both companies are part of the CREON Group) signed the agreement to develop a special economic zone (SEZ) in the region. Tax preferences for companies willing to invest in own production in the SEZ will remain in force for 49 years. The special economic zone will be created at the industrial hub in Osentsy.
Russia may become a leading global producer and exporter of hydrogen by 2035. The strategy is being developed now by Russian government.
Contradictions are inevitable in politics, they drive changes, and hence capital growth opportunities for businesses. The main tenet businesspeople and investors understood at the very beginning of current crisis was Donald Trump’s statement that the final breakdown in relations with China would save the United States $500 billion a year. These were the words of the American president.
