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Showing 91 - 100 of 410 results for "fossil fuel"

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  MONDAY, 6 NOV 2023  |  NEWS
... Climate, which filed a claim against EnergyAustralia in August for false or misleading advertising over its branding of fossil fuel energy products as "carbon neutral", raised concerns about the proposed phase-in approach. "The arguments for a ban like ...

Renewables set to dominate by 2040

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... Australian homes now have solar panels - and this is predicted to double over the next ten years. The report found fossil fuel demand is set to peak before 2030 and then decline. The McKinsey research echoed the findings in all scenarios modelled. Further ...

Reducing risk and navigating a just transition

ROSE MARY PETRASS  |  THURSDAY, 19 OCT 2023  |  NEWS
Steering the economy away from emissions-intensive industries comes significant social and economic risks that arise from transitioning communities. Institutional investors need to integrate these risks into their strategies or risk a "messy, chaotic ...

New NZ gov scraps 2030 emissions goal

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
Following an election win on Saturday, centre-right PM-elect Chris Luxon announced that his incoming government will abandon NZ plans for a zero emissions grid by 2030. Further, no new funding will go to renewables - but planning processes will be streamlined ...

Bowen paints mixed outlook for energy future

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
... mine developments, establishing a precedent that the federal government can disregard the climate risks posed by such fossil fuel projects when deciding whether to approve them. Bowen acknowledged that the journey to 2030 and 2050 would not be linear ...

Coal mine case sets climate risk precedent

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
... mine developments, establishing a precedent that the federal government can disregard the climate risks posed by such fossil fuel projects when deciding whether to approve them. In Environment Council of Central Queensland Inc v Minister for the Environment ...

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
... and droughts. Larger high-emissions assets are becoming uninsurable. For example, IAG will cease coverage for all fossil fuel extraction or coal-fired power by the end of 2023. As of 30 June 2023, it now has less than $1 million in gross written premium ...

Danish pension fund completes US$520m divestment

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
Danish pension fund AkademikerPension has completed a fossil fuel divestment program to exit its portfolio of oil and gas stocks worth US$520 million with the sale of Italy's ENI. The fund, which oversees $20 billion in client assets, has undergone ...

Exiting emissions-intensive assets may not reduce climate risk

ROSE MARY PETRASS  |  THURSDAY, 28 SEP 2023  |  NEWS
... in the assets they purchase. The group recommends that investment strategies consider the potential consequences of fossil fuel exclusion policies and that investors ensure managed decline is considered as a climate risk strategy. Companies should assess ...

US regulator adopts tighter rules for ESG fund names

RACHEL ALEMBAKIS  |  THURSDAY, 21 SEP 2023  |  NEWS
... misleading or deceptive ESG labels is not acceptable. Today, we see funds with ESG in their names holding dozens of fossil fuel extraction companies and coal-fired utilities. The plain English meaning of 'fossil free' should rule out these holdings. ...