Media Focus on Multinational Corporations[2021.04.26]





BP Plc】【Chevron Corp)】【ConocoPhillips】【ExxonMobil】【Royal Dutch Shell

New York City sues Exxon, BP, Shell in state court over climate change

New York City is suing three major oil companies and the top industry trade group in state court after a federal appeals court this month rejected its effort to hold the companies liable to help pay the costs of harm caused by global warming.

The lawsuit filed on Thursday said Exxon Mobil Corp, BP Plc, Royal Dutch Shell and industry group the American Petroleum Institute have systematically and intentionally misled consumersabout the central role their products play in causing the climate crisis.

The companies have misrepresented the fuels sold at their branded stations as cleanerand emissions-reducing,the lawsuit says.


Apple Launches Employee Program for COVID-19 Vaccinations

Apple is launching a program that will provide COVID-19 vaccinations to its employees at Apple offices, reports Bloomberg. Apple is teaming up with Walgreens Boots Alliance to provide the shots, and employees will be able to sign up on a website that Apple will soon roll out.

Apple in March promised time off for employees who need to recover from getting vaccinated, but at the time said that it did not have a way to provide vaccinations. With vaccine availability expanding widely in the United States, Apple is now able to provide additional help to employees who still need the vaccine.


Starbucks launches sustainability innovations in China stores

On Earth Day, which falls on April 21 this year, Starbucks is rolling out a range of new sustainable packaging at its stores in China, including coffee ground straws. It has invited customers to take actions that are good for the planet, part of the chain's efforts to become a resource-positive company.

The world-leading coffee house chain has launched reusable cold beverage cups and to-go wooden flatware, which marks the company's latest effort to reduce environmental impact at every stage of the coffee journey.


Unilever China releases new laundry capsule

Unilever China launched a new laundry capsule using carbon captured from industrial emissions on Thursday, which marked World Earth Day.

The company said the capsule is the world's first cleaning product with recycled carbon surfactant, an ingredient for creating the foam and cleaning action. Surfactant is typically made from fossil fuels.


Logistics giant Maersk sees huge potential in China market

BOAO, Hainan -- China has embraced tremendous changes in the past two decades and has presented huge market potential with its endeavor to pursue high-quality development and promote regional connectivity, said Jens Eskelund, managing director of Maersk China Ltd.

'China joining the World Trade Organization (WTO) in 2001 was absolutely transformative,' he told Xinhua in an exclusive interview on the sidelines of the annual conference of the Boao Forum for Asia.



Tesla sorry for ignoring customer complaint

Tesla Inc issued an apology on Tuesday night amid mounting criticism from Chinese media and customers over its handling of the incident in which a woman stormed its booth at the Shanghai Auto Show and claimed that the carmakers brakes do not work.

The apology, which was published on Tesla's Weibo account, said that the company will strive to improve its communication and service to customers.

'Tesla respects and firmly obeys all decisions of related departments, respects customers, obeys the law and rules, and will firmly and actively coordinate with related department for the investigation,' read the notice.



AIA seeks measured expansion in more open China insurance sector

China's continuous efforts in financial opening-up have not only enhanced market vibrancy but also benefited many big international names. Insurance giant AIA is one of them.

In November, AIA Life Insurance applied to set up a branch in Sichuan province after it was incorporated as the first wholly foreign-owned life insurance company last year.

On March 22, the China Banking and Insurance Regulatory Commission gave AIA approval and its Sichuan operations became AIA Life Insurance's first provincial branch in the Chinese mainland. It was only three days after the CBIRC announced the latest amendments to the regulations of foreign-funded insurance companies in China.



Sinopec opens Beijing Olympics-themed auto shop

Sinopec Lubricant Company has come up with a car maintenance shop themed after the Beijing 2022 Olympic Winter Games with tire and rubber company Bridgestone on Monday, as China Petrochemical Corporation, or Sinopec, has become the official oil and gas partner of the Games.



Coca-Cola Q1 recovery exceeds 2019 results

World beverage giant The Coca-Cola Company has sold more drinks in China in the first quarter as unit case volume has recovered ahead of 2019 results, driven by its focus on product innovation, supply chain upgrade and digital transformation, according to the company's first quarter results released on Monday.



Tencent announces 50b yuan of investment in public welfare

SHENZHEN -- Chinese tech giant Tencent announced on Monday that the company will sponsor a public welfare investment initiative worth 50 billion yuan (about $7.66 billion) to promote 'sustainable social value innovation.'



China Southern Power Grid to build new energy grid in Hainan

China Southern Power Grid, one of the country's two major power grid operators, vows to invest 27 billion yuan ($4.15 billion) in the upcoming five years in Hainan to come up with a 500-kilovolt transmission grid that covers the whole island, a new type of power system with new energy as the major contributor.

It also plans to make Hainan the country's first smart grid demonstration province in the country, the company said on Monday.

Johnson & Johnson

U.S. lifts pause on Johnson & Johnson COVID-19 vaccine

Federal health agencies say they are ending their recommended pause on use of Johnson & Johnson's Janssen vaccine, following the vote of a panel of advisers to the Centers for Disease Control and Prevention on resuming the single-shot vaccine.

The Food and Drug Administration says they have revised their emergency use authorization for the vaccine to include a new warning about the 'plausible' risk of rare but serious blood clots in adult women under 50.



Geely to help clean up oceans with AI satellites

China's Zhejiang Geely Holding Group will start a project in the second half this year to help clean up ocean trash with its AI satellites.

The leading private car group, which owns Swedish car brand Volvo and has a stake in Germany's Daimler, announced the plan on Thursday, which marked Earth Day.

The project, called the Blue Guardian, will use high-level remote sensing AI satellites developed and designed by the carmaker's aerospace arm, GeeSpace.