Borrowers pressured for plans as Scope 3 left in dustBY ROSE MARY PETRASS | MONDAY, 8 APR 2024 12:46PMAlmost half (42%) of energy companies on Citi bank's loan book do not have climate transition plans. Related News |
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Budget 2024: A win for clean energy, not environment
The Federal Budget is an "excellent down-payment" on clean energy - but fails on nature and biodiversity, gas, electrification, and ACCUs.
Fossil fuel funding down 20pc: study
Financing for fossil fuel companies has fallen sharply overall since the Paris Agreement was inked in 2016 but progress among the world's top banks has been mixed.
Australian Ethical snaps up asset manager
Australian Ethical has struck a deal to acquire Altius Asset Management, the sustainable fixed income business of Australian Unity, a move that will see its funds under management (FUM) swell by $2 billion.
Unclear rules pose investment risk
Canberra is at odds with state governments over assessing emissions for coal and gas project approval.