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Showing 111 - 120 of 349 results for "oil"

COP28: Countries tackle coal as President claims "no science" behind phase-out

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... capacity and doubling of the global average annual energy efficiency improvements by 2030. 51 companies, including 29 national oil companies, signed on to the Oil and Gas Decarbonization Charter (OGDC) to reach net zero emissions by 2050, with 30 committing ...

COP28 day one recap: US$429m loss and damage fund

ROSE MARY PETRASS  |  FRIDAY, 1 DEC 2023  |  NEWS
... benefit. The decision reportedly received a standing ovation from delegates. This comes amid controversies about the UAE's oil and gas expansion plans. COP28 president Sultan Al Jaber is also the president of UAE oil company Adnoc. Annual loss and damage ...

Slow progress on human rights in business

ROSE MARY PETRASS  |  MONDAY, 27 NOV 2023  |  NEWS
... training. Spanish energy company Repsol came top of the human rights benchmark, followed by American gold miner Newmont, Italian oil company Eni, and clothing brand Puma. While 34% of companies assessed outline clear responsibilities and provide training ...

H2Kwinana Hydrogen Hub gets $70m government backing

RACHEL ALEMBAKIS  |  MONDAY, 20 NOV 2023  |  NEWS
... including in the Pilbara, Kwinana, Gladstone, Townsville, the Hunter, Bell Bay and Port Bonython. Kwinana is the site of a former oil refinery. "We are repurposing existing process units, tanks, pipelines and utilities from the former refinery as the ...

Preparing for COP28: nature and climate integration

ROSE MARY PETRASS  |  TUESDAY, 14 NOV 2023  |  NEWS
... Arab Emirates - a major fossil fuel producer - could result in weak outcomes. The UAE plans to extract 38 billion barrels of oil and gas between now and 2085. According to GlobalData, if other oil-producing nations followed similar plans, the world's ...

NSW Anti-slavery commissioner raises alarm on ASX risk

RACHEL ALEMBAKIS  |  THURSDAY, 19 OCT 2023  |  NEWS
... emerging markets such as Korea, China and India," Cockayne said. FLORET estimates that sectors with higher risk include mining, oil and gas extraction, manufacturing and construction. "In some ways this is not surprising," Cockayne said. "Modern slavery ...

Reducing risk and navigating a just transition

ROSE MARY PETRASS  |  THURSDAY, 19 OCT 2023  |  NEWS
... infrastructure, schools and daycare centres, while effectively mitigating negative environmental impacts arising from decommissioning oil and gas infrastructure and developing new infrastructure. "Until we do place-based planning.... It's going to ...

New NZ gov scraps 2030 emissions goal

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
... of total electricity generation in 2022, including coal (47% - down from 83% in 2000), gas (19% - up from 18% in 2021) and oil (2%). However, according to data from OpenNEM South Australia averaged 90% wind and solar over the past week - meaning the ...

Solving carbon credit concerns with blockchain

ROSE MARY PETRASS  |  MONDAY, 9 OCT 2023  |  NEWS
... tasks," he said. Further project developers include a direct air capture company, and a clean-tech firm recycling used motor oil into high-grade group III synthetic lubricants. Justin Chapman, global head of Digital Assets and Financial Markets, at Northern ...

Act now on carbon emissions to avoid higher costs later: EY

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... reduction incentives - that critical mass creates a critical change in thinking about how we're going to pursue abatement? Oil and gas projects, along with coal mines, will deliver around 90% of emissions reductions in the short-term, but EY notes ...