By Wu Ching-fang, Commonwealth Magazine The Formosa Plastics Group, the world’s 10th-largest petrochemical company, has announced its intention of becoming carbon neutral by 2050. Considering that the conglomerate generates more than 50 million metric tons of carbon emissions a year, how does it intend to reach that goal? The Formosa Plastics Group is one of…
FARGLORY FOUNDER FACES PRISON SENTENCE Farglory Group founder and chairman Chao Teng-hsiung is facing a 24-year prison sentence on charges of bribery and breach of trust involving several public construction projects. Following a four-month investigation. The Taipei District Prosecutors Office arrested 31 people including Chao, New Taipei City councilor Chou Sheng-kao, and Lee Shush-der, the Taipei…
The Environmental Protection Administration (EPA) nixed Yunlin County’s plans to ban the burning of coke and coal within the county, saying that coal-fired power plants are a matter of national energy security and are beyond the jurisdiction of a county government. Yunlin County announced last June that it would ban the burning of coal and…
