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Showing 121 - 130 of 349 results for "oil"

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 ...

Climate fund assets reach half a trillion dollars

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
... funds grew by 4% in the past 18 months to US$31.7 billion despite the Inflation Reduction Act. This is attributed to high oil and gas prices, as well as falling valuations in renewable energy stocks. European investors favour climate transition funds ...

Exiting emissions-intensive assets may not reduce climate risk

ROSE MARY PETRASS  |  THURSDAY, 28 SEP 2023  |  NEWS
... face systemic, value destruction risks from a volatile, rather than managed decline in carbon energy, particularly in the oil and gas sector. This means more active stewardship is now urgently required by investors over emissions targets, capex plans ...

US regulator adopts tighter rules for ESG fund names

RACHEL ALEMBAKIS  |  THURSDAY, 21 SEP 2023  |  NEWS
... hard-earned savings into an 'ESG' or 'fossil free' fund, they expect to reduce their climate risk and not own big oil, coal, and deforestation," said As You Sow CEO Andrew Behar. " These new rules will help provide needed truth in advertising ...

Norway's oil fund updates climate demands

ROSE MARY PETRASS  |  WEDNESDAY, 20 SEP 2023  |  NEWS
... Investment Management has told all companies to apply the demands and will apply the policy to its own voting decisions. The oil fund's new climate risk demands are anticipated to have a substantial impact on companies around the world. According to ...

Forestry companies create global engagement body

RACHEL ALEMBAKIS  |  THURSDAY, 7 SEP 2023  |  NEWS
... conservation efforts. In addition, 28 countries have committed to ensuring trade in globally important commodities such as palm oil, cocoa and soy, does not contribute to deforestation. "What we're finding is that there are a series of processes ...

Ethical investments recover performance: Chant West

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  WEDNESDAY, 16 AUG 2023  |  NEWS
... respectively. During the previous year ESG options underperformed due to macroeconomic factors - they did not benefit from soaring oil and gas prices, while their non-ethical peers reaped the advantages of the war in Ukraine. However, ethical funds now ...

Active Super to face court over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023  |  NEWS
... eliminated investments that posed too great a risk to the environment and the community, including tobacco manufacturing, oil tar sands and gambling," ASIC said. "Active Super also stated that they had added Russia to their list of excluded countries ...

Renewables round up: BlackRock launches US$1.9b NZ renewables fund

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
... at six dairy factories by half by 2030 through up to $90 million from the GIDI Fund. The Ardern government banned offshore oil and gas exploration in 2018. Prime Minister Chris Hipkins said the deal "proves again that we can grow our economy while we ...

Asset managers failing on 2050 goals: InfluenceMap

ROSE MARY PETRASS  |  TUESDAY, 1 AUG 2023  |  NEWS
... from ShareAction in June found the world's largest 77 asset managers are continuing to invest in companies that are expanding oil and gas production and not investing enough in new low-carbon energy opportunities to meet climate targets. Only ten of ...