financetom
Business
financetom
/
Business
/
US, Indo-Pacific partners holding talks in Singapore on clean energy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US, Indo-Pacific partners holding talks in Singapore on clean energy
Jun 3, 2024 2:21 AM

WASHINGTON, June 3 (Reuters) - The U.S.-led Indo-Pacific

Economic Framework is holding a ministerial meeting this week in

Singapore, including major firms joining a "Clean Economy"

investor forum to boost infrastructure and climate investments

across the region.

It marks the first in-person IPEF ministerial session since

the substantial conclusion of negotiations for the IPEF Clean

Economy Agreement and the Fair Economy Agreement in November in

San Francisco.

U.S. Commerce Secretary Gina Raimondo said the countries

plan to outline steps under each of the agreements this week.

"We're going to finalize all of those agreements at the

ministerial," Raimondo said. Additional announcements are

expected on a supply chain agreement, she said.

The IPEF Clean Economy Investor Forum includes 22 major U.S.

companies such as Amazon.com's ( AMZN ) AWS Bechtel, Alphabet's

Google, Microsoft ( MSFT ), BlackRock ( BLK ),

Bechtel, Citi, Goldman Sachs ( GS ), JPMorgan ( JPM ),

Morgan Stanley ( MS ) and KKR. Raimondo said there also

will be major Australian and Japanese investors at the forum.

"Government-to-government agreements are great," Raimondo

said. "But honestly it's time to implement - put some points on

the board. ... We hope to start doing deals and making

investments in the clean economy in the IPEF countries."

Raimondo said each country has submitted their top clean

economy projects "and then we're going to have matchmaking

sessions at the investor forum." Raimondo said the projects

include renewable energy generation such as solar and wind,

energy transmission and other infrastructure, transportation and

mobility projects.

She said she hopes in the coming months the forum will lead

to multibillion-dollar investments in places such as Thailand

and Malaysia.

"They're looking to attract investment to their

climate-related infrastructure," Raimondo said. "These countries

want to hit their own climate goals and build up their own

infrastructure, but they need capital and that's what we're

going to bring to the equation."

The "Fair Economy" agreement is aimed at fighting corruption

and tax evasion. Countries this week are expected to detail

anti-corruption pledges and tax transparency measures.

"It enables all the rest of this thing to work," Raimondo

added.

Countries participating in IPEF are Australia, Brunei, Fiji,

India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the

Philippines, Singapore, Thailand, Vietnam and the United States.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Nvidia's Partnership With OpenAI Could Trigger Antitrust Worries
Market Chatter: Nvidia's Partnership With OpenAI Could Trigger Antitrust Worries
Sep 23, 2025
07:28 AM EDT, 09/23/2025 (MT Newswires) -- Nvidia's ( NVDA ) $100 billion partnership with Microsoft-backed (MSFT) OpenAI could raise antitrust concerns, Reuters reported Tuesday, citing experts. It raises significant antitrust concerns, Reuters quoted lawyer Andre Barlow as saying. Among the concerns is that Nvidia ( NVDA ) would favor OpenAI over other customers, said Rebecca Haw Allensworth, an antitrust...
Lomiko Metals Identifies New Gold Showing at Yellow Fox Project in Newfoundland
Lomiko Metals Identifies New Gold Showing at Yellow Fox Project in Newfoundland
Sep 23, 2025
07:21 AM EDT, 09/23/2025 (MT Newswires) -- Lomiko Metals ( LMRMF ) said Tuesday that it identified a new gold showing from the recently completed phase-two soil sampling and prospecting program on the Yellow Fox antimony-silver-gold property in Newfoundland. The company said assays from the new gold showing reached up to 1.3 grams per tonne. Soil sampling program targeted stratigraphy...
KBR, OEP Capital Advisors Win EU Clearance for Joint Control of Brown & Root Industrial Services
KBR, OEP Capital Advisors Win EU Clearance for Joint Control of Brown & Root Industrial Services
Sep 23, 2025
07:24 AM EDT, 09/23/2025 (MT Newswires) -- KBR (KBR) and OEP Capital Advisors will gain joint control of Brown & Root Industrial Services after the European Commission approved the deal, the commission said Tuesday. The deal focuses services pertaining to alternative energy and fuel sources, the regulator said, adding that it found no competition issues, citing the limited effect on...
Market Chatter: Amazon.com Trial Starts on Claims by US FTC of Deceiving Prime Subscribers
Market Chatter: Amazon.com Trial Starts on Claims by US FTC of Deceiving Prime Subscribers
Sep 23, 2025
07:21 AM EDT, 09/23/2025 (MT Newswires) -- Amazon.com ( AMZN ) and three of its executives will be under trial in Seattle from Tuesday over claims by the US Federal Trade Commission that the e-commerce giant deceived millions of Prime customers by signing them up without their knowledge and locking them in with complicated cancellation methods, Reuters reported Tuesday. The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved