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Showing 101 - 110 of 274 results for "fossil fuels"

Karoon Energy aims for net zero 2035 target

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 APR 2023  |  NEWS
... company has adjusted accordingly. "We're of the view that with the transition there will be a tailing off of demand for fossil fuels, however there will still be demand for oil going out to 2050," said Ann Diamant, senior vice president investor relations ...

Time is running out: latest IPCC report says 1.5°C is "likely"

ROSE MARY PETRASS  |  TUESDAY, 28 MAR 2023  |  NEWS
... short of levels needed, and both public and private finance flows for mitigation and adaptation are far outweighed by fossil fuels. According to projections the "global economic benefit of limiting global warming to 2°C exceeds the cost of mitigation ...

ASIC takes Mercer to court over greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 28 FEB 2023  |  NEWS
... "are deeply committed to sustainability" because they excluded investments in companies involved in carbon intensive fossil fuels like thermal coal. Exclusions were also stated to apply to companies involved in alcohol production and gambling. According ...

Missouri pulls BlackRock mandate in anti-ESG move

RACHEL ALEMBAKIS  |  THURSDAY, 20 OCT 2022  |  NEWS
... Texas Comptroller Glenn Hegar banned local and state government entities doing business with firms that "boycott" fossil fuels, including Blackrock, Goldman Sachs and JP Morgan among others.

Cobalt essential to net zero goals but brings labour risks: ISS ESG

RACHEL ALEMBAKIS  |  THURSDAY, 13 OCT 2022  |  NEWS
... foresees a five-fold growth in cobalt demand between 2020 and 2040. Overall, as the world's energy supply shifts from fossil fuels to requiring metals and minerals as inputs into renewable energy sources, the critical minerals' market of $40 billion ...

Energy insecurity won't halt green transition: Northern Trust Asset Management

RACHEL ALEMBAKIS  |  THURSDAY, 6 OCT 2022  |  NEWS
... This economic trend is reflected and integrated into portfolio managers' analysis of companies' exposure to fossil fuels as a security issue as well as a climate issue. "I think where we previously focused on the decarbonization argument, they're ...

Fortescue Metals strengthens 2030 decarbonisation targets

RACHEL ALEMBAKIS  |  THURSDAY, 22 SEP 2022  |  NEWS
... said Fortescue executive chairman Andrew Forrest. "We are already seeing direct benefits of the transition away from fossil fuels - we avoided 78 million litres of diesel usage at our Chichester Hub in FY22 - but we must accelerate our transition to ...

UniSuper caps future investment in fossil fuel

RACHEL ALEMBAKIS  |  THURSDAY, 15 SEP 2022  |  NEWS
... inevitable. This will involve a much greater share of renewables as a baseload energy source and a phasing out of fossil fuels." In September 2020, UniSuper committed to a net zero portfolio by 2050 and a 45% reduction by 2030 through a combination of ...

Glencore faces greenwashing allegations

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
... challenges of our time and with it has come a fundamental shift in global policy and public sentiment against the use of fossil fuels," said Lock the Gate Alliance national coordinator Carmel Flint. "It has also led to efforts by companies with climate ...

BlackRock in $1bn capital commitment to battery storage

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
... Australia, BlackRock noted. "The Asia Pacific region is at the dawn of its energy transition from carbon emitting fossil fuels to intermittent renewable resources and we believe a successful shift to a more sustainable energy future is dependent on the ...