Australian Securities and Investments Commission fines Tlou Energy for misleading statements about green credentials
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The corporate regulator has issued its first penalty for greenwashing, fining Australian company Tlou Energy $53,280.
The Australian Securities and Investments Commission (Asic) said Tlou, which was developing power projects in parts of Africa, had paid the total for four infringements for making alleged false or misleading sustainability-related statements to the ASX in October last year.
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Continue reading…Australian Securities and Investments Commission fines Tlou Energy for misleading statements about green credentialsGet our morning and afternoon news emails, free app or daily news podcastThe corporate regulator has issued its first penalty for greenwashing, fining Australian company Tlou Energy $53,280.The Australian Securities and Investments Commission (Asic) said Tlou, which was developing power projects in parts of Africa, had paid the total for four infringements for making alleged false or misleading sustainability-related statements to the ASX in October last year.Sign up for our free morning newsletter and afternoon email to get your daily news roundup Continue reading…