Editor's Choice
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.
There are several comments to be made about investor question over CSG.
1) Whilst companies have a need to know their environmental obligations so that they can determine the risk factors of particular projects, commonsense would suggest that they should allow a significant tolerance for unknown environmental impacts that do not form part of the original framework.
2) A gas supplier's negligence should include not only issues related to the formal environmental guidelines and requirements but should also include events which occur and that could have reasonably been predicted such as water table and air quality issues.
3) If miners think that this is an issues related to CSG and other unconventional operations then they had better think again. As Gunns Ltd found out a project which fails to obtain a social licence to operate can devastate a company's bottom line and result in the death of the company itself.
Woodside have therefore made the right decision albeit late.
4) It is not really that surprising that the Greens and farmers should form an alliance. Both groups are concerned about the environment - one group depends on it for earning their livelihood, the other for the well being of society. With food consumers more and more interested in where their food comes from and how it is produced I, for one, expect that farmers and green groups will become regular partners.