First Gen Corp., controlled by the Lopez family, is acquiring a 40 percent equity stake in pumped storage hydropower portfolio Prime Infrastructure Capital Inc., part of billionaire Enrique Razon Jr.’s infrastructure venture, for P75 billion.
The Manila Electric Company (Meralco) has pledged to continue delivering reliable electricity and supporting the government’s national energy agenda, in line with commitments outlined by Ferdinand Marcos Jr. in his 2025 State of the Nation Address.
In a move that could redraw the map of global climate governance, the Environmental Protection Agency has rejected its 2009 determination that greenhouse gases endanger human health and welfare, a scientific and legal cornerstone that has underpinned US climate policy for more than a decade.