Australia’s corporate regulator issues first fine for greenwashing
by Lisa Cox from on (#655MT)
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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