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Showing 111 - 120 of 479 results for "fossil fuel"

Future Super returns 10.1% to ethically minded members

JAMIE WILLIAMSON  |  MONDAY, 8 JUL 2024  |  NEWS
... an investment in Nvidia boosting returns. "Our returns are built on a foundation of responsible investing, avoiding fossil fuel companies means we have more space to embrace other, growing sectors like tech, AI, health, and renewable energy. Locally ...

Groups unite against carbon offsets

ROSE MARY PETRASS  |  MONDAY, 8 JUL 2024  |  NEWS
... high-emitting activities to continue. Frameworks on climate transition planning must exclude offsetting, they argue. "Fossil fuel companies have claimed to be reducing emissions by investing in planting trees while increasing their production of coal ...

Clean energy trends are "unstoppable"

ROSE MARY PETRASS  |  FRIDAY, 28 JUN 2024  |  NEWS
... electrification and renewable power shows no signs of slowing yet. Direct investments in the sector, supplemented by fossil fuel energy sources to ensure grid stability during the net zero transition, is turbocharging growth. The research comes out of ...

Vision Super in hot water over coal investment

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024  |  NEWS
... water after analysis revealed it has purchased $2.2 million worth of Whitehaven Coal stocks after walking back its fossil fuel exclusion policy last year. The super fund changed its environmental, social and governance policy, removing its revenue-based ...

Rockefeller org picks climate advisers

ROSE MARY PETRASS  |  TUESDAY, 11 JUN 2024  |  NEWS
A highly influential US$6.3 billion private foundation has set up a new Climate Advisory Council to accelerate the just transition and named its inaugural co-chairs and members. The Rockefeller Foundation, the global philanthropic medical research and ...

AI and crypto mining to drive energy opps: PGIM

MICHELLE BALTAZAR  |  FRIDAY, 7 JUN 2024  |  NEWS
... renewable energy sector that can offer scope for more investment returns but the fund manager is quick to stress that fossil fuel will remain part of the landscape in the years ahead. "For investors with ESG goals or decarbonisation commitments, the ...

AOFM launches first Green Treasury Bond

ROSE MARY PETRASS  |  MONDAY, 3 JUN 2024  |  NEWS
The Australian Office of Financial Management (AOFM) has this week launched the first Green Treasury Bond. The $7 billion sovereign green bonds will mature on June 21, 2034 and settlement will occur on June 14. Commonwealth Bank of Australia, Deutsche ...

Holdings fly in face of super duty

ROSE MARY PETRASS  |  THURSDAY, 30 MAY 2024  |  NEWS
Aussie super funds' recent ramp up of fossil fuel holdings breaches their fiduciary duty and puts Australian retirements at risk, researchers say. Despite net zero by 2050 commitments, Australia's largest 30 super funds nearly doubled fossil fuel exposure ...

Fossil fuel funding down 20pc: study

ROSE MARY PETRASS  |  FRIDAY, 24 MAY 2024  |  NEWS
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. The world's 60 largest banks, including Australia's Big Four banks, committed US$6.9 ...

Member accuses UniSuper of greenwashing

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024  |  NEWS
UniSuper was recently hit with fresh allegations of greenwashing by a member who issued a complaint to ASIC in relation to certain holdings. The member believes UniSuper marketing two of its three responsible investment options as 'sustainable' places ...