Editor's Choice
Govt moves timetable on power station closure
Last week the NSW government delayed closure of the Eraring Power Station, back-pedaling on a previous decision to close it next year.
Super funds to solve the housing crisis?
Association of Superannuation Funds of Australia (ASFA) chief executive Mary Delahunty said at the Australian Shareholders' Association Conference yesterday that addressing the supply side of the housing crisis requires an infusion of private capital.
Standards boards unite for global rollout
The International Financial Reporting Standards (IFRS) Foundation is working with the Global Reporting Initiative (GRI) to make their standards more compatible.
The 50 most influential ESG corporate professionals in Australia named
The 50 most influential ESG professionals working at ASX-listed companies have been named by trade publication FS Sustainability in the 2024 ESG Power50 guide.
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.