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Showing 131 - 140 of 340 results for "oil"

Karoon Energy aims for net zero 2035 target

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 APR 2023  |  NEWS
Oil producer Karoon Energy is implementing strategies in line with its net zero target of 2035 covering Scope 1 and 2 emissions. The company, which operates assets in Brazil, is implementing the result of a strategic corporate review that incorporates ...

Asian companies setting net zero goals, lagging on capital alignment

RACHEL ALEMBAKIS  |  THURSDAY, 30 MAR 2023  |  NEWS
... but there is a discrepancy on the corporate level. The report noted that Asia consumed 80% of coal usage globally, 38% of oil and 23% of natural gas, saying "this high fossil-fuel dependence inevitability implies a rising share of responsibility for ...

Apostle Funds Management launches carbon credit fund

RACHEL ALEMBAKIS  |  MONDAY, 27 MAR 2023  |  NEWS
... diversification." "Our benchmark is evenly weighted because similarly to how other commodity markets work, where a barrel of oil is a barrel of oil, a tonne of carbon is a tonne of carbon, regardless of the size and scale of the economy under the scheme," ...

Global investors set net zero target, implementation lags

RACHEL ALEMBAKIS  |  THURSDAY, 23 MAR 2023  |  NEWS
... of their ESG approaches to avoid short-term underperformance, including unwillingness to miss out on strong returns in the oil and gas sector. More than a third of investors in Europe have been allowing higher allocations to oil and gas companies in ...

Activist investor launches Santos campaign

RACHEL ALEMBAKIS  |  THURSDAY, 9 MAR 2023  |  NEWS
... Santos has pivoted to a growth strategy, committing to by far the most aggressive upstream capex plan of any major listed Oil and Gas company globally," Snowcap said. "The result has been a drastic underperformance in Santos' stock price; now the ...

US states sue Biden administration over "woke" ESG rules

RACHEL ALEMBAKIS  |  TUESDAY, 31 JAN 2023  |  NEWS
Twenty-five American Republican state attorneys general are suing the US Department of Labor to halt new rules that would allow US-based retirement plans to consider ESG factors in their investment processes. Texas Attorney General Ken Paxton and Utah ...

Deloitte launches green tech initiative for business

RACHEL ALEMBAKIS  |  THURSDAY, 12 JAN 2023  |  NEWS
... 2022, with demand growing rapidly across industries including utilities, power and energy, transportation and logistics, and oil and gas. "The first thing that we're seeing is that in order to reach net zero, 50% of the tech necessary is in development ...

Carbon credits as a source of alpha: Apostle Funds Management

RACHEL ALEMBAKIS  |  THURSDAY, 8 DEC 2022  |  NEWS
... wide commodity that's here to stay and an integral part of the whole economy in the same way that other commodities - oil, gold, foreign exchange. "Therefore, as an alternative investment type, it's really key it should be part of the portfolio." ...

Critical talent shortage could stall net zero progress: Hays

RACHEL ALEMBAKIS  |  THURSDAY, 13 OCT 2022  |  NEWS
... non-executive director talent as well." It's not just in Australia - the report notes that in 2015, the ratio of jobs in the US oil and gas industry compared to the renewables and environmental sector was at 5:1, but by 2020, that ratio had narrowed ...

ACCR files additional claims in Santos lawsuit

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
... representations failed to disclose that its Net Zero plan does not account for expected production and/or emissions growth from oil and gas exploration opportunities beyond 2025 and the 'CCS Expansion' portion of the Net Zero plan reflects offsets ...