Another week containing positive news for global construction and energy industries:
The UK announces plans to fund climate-change fighting projects,
Singapore opens "restart clinics" for its construction companies, and
BP CEO opens-up on his plans for the oil giant to become carbon net-zero by 2050.
UK Funding Innovative Construction Projects
The UK Government has announced plans to fund ambitious research and innovation projects across the country. 17 projects are in line to each receive up to £50,000 in funding to assist in addressing challenges from climate change to medicine production.
Some of the more eye-catching challenges include plans to digitise construction projects in the North East and to heat Glasgow homes using energy from disused mines. Should the early signs prove to be successful, the projects will be in line for additional long-term investments of between £10 and £50 million later this year.
Read the full story here.
Singapore BCA Sets up "Restart Clinics"
Carrying on from the positive news we reported last week, Singapore is continuing to support its construction sector by opening "restart clinics" from Monday 17 August. The clinics are intended to help construction companies apply to restart work and will be open Monday to Friday.
Authorities also allowed 40,000 additional workers to restart work from Wednesday last week - without the need for their employers to apply for approval. This latest change is designed to encourage work resumption in sectors such as renovation and lift maintenance - projects that generally don't require large numbers of manpower on site.
Companies can schedule appointments at the restart clinics by calling 1800-3425-222 or by submitting an online form.
The Straits Times carries further details on this story.
BP CEO Sets out Carbon Net-Zero Plans
BP has long been a titan of world industry, thanks primarily to its success in the world of oil exploration and extraction. But, last week, CEO Bernard Looney announced plans for BP to be carbon net-zero by 2050.
Taking part in an extensive interview with the UK's Sunday Times newspaper, Mr Looney admitted that the use of hydrocarbon fuels such as gas, petrol and oil are becoming less and less acceptable in modern society. This, coupled with decreased demand for oil amid the coronavirus crisis, has caused plenty of room for introspection in one of the world's biggest and most recognisable brands.
Check out the full story, here.