A new global survey indicates that energy concerns may prompt a large share of business executives to consider relocating operations overseas. The study, commissioned by E3G, the We Mean Business Coalition, and the Global Renewables Alliance, says the Philippines’ dependence on imported fossil fuels continues to leave businesses exposed to repeated energy shocks and risks related to power stability. One outlet reports that nearly eight in 10 Filipino business leaders are considering exiting the Philippines due to these energy-related concerns. Another report cites a higher figure, stating that 92% of surveyed business leaders express similar worries about the local energy situation. The survey is framed around the impact of ongoing exposure to external fuel and energy price volatility, alongside concerns about reliability of power supply. While the exact figures differ between the two reports, both present the same overall finding: many business executives view energy risks as a factor that could influence where they operate. The results point to increasing attention on energy security and the potential role of cleaner or more resilient power systems, though the survey emphasizes business relocation considerations rather than specific policy actions.
Survey finds energy and import risks could push business executives to relocate abroad
A new global survey indicates that energy concerns may prompt a large share of business executives to consider relocating operations overseas. The study, commissioned by E3G, the We Mean Business Coal...
- A survey reports that many Filipino business executives are considering relocating operations overseas due to energy risks.
- The Philippines’ reliance on imported fossil fuels is cited as a key factor behind recurring energy shocks.
- Concerns include power stability and the impact of external energy price and supply volatility.
- The survey figures reported include near-80% and 92% of executives expressing exit or relocation concerns.
- The poll is commissioned by E3G, the We Mean Business Coalition, and the Global Renewables Alliance.
MANILA, Philippines – A significant number of business executives may exit the Philippines amid concerns over power stability, with the country heavily relying on fossil fuel imports, according to a survey. The poll—commissioned by E3G, We Mean Business Coalition and the Global Renewables Alliance—showed that 92 percent of Filipino business leaders said that the local […]...Keep on reading: Energy concerns may drive executives out of PH
11 hours agoNearly eight in 10 Filipino business leaders are considering relocating operations overseas as the Philippines’ dependence on imported fossil fuels continues to expose companies to recurring energy shocks, according to a global study.
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