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Showing 141 - 150 of 808 results for "Gas"

Natural gas buyout bulldozes investors: Analysts

ROSE MARY PETRASS  |  THURSDAY, 5 SEP 2024  |  NEWS
Woodside disregards historic investor rejection of its climate plan; the energy giant's US$1.2bn natural gas takeover negates its US$2.35bn carbon capture buy "more than 21 times over". Woodside's US$1.2bn bid for Tellurian and its Driftwood ...

Net zero dreams float on unscaled tech

ROSE MARY PETRASS  |  THURSDAY, 22 AUG 2024  |  NEWS
... Australia needs to triple its renewable energy capacity in five years and shut down all unabated coal and almost all unabated gas in the next ten years. 290 gigawatts of wind and solar capacity should be installed by 2050, as power demand grows 2.5-f ...

CommBank exits fossil fuels as rivals fund Santos

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
... once-largest fossil fuel lender has changed tack to become the first of the big banks to formally cut ties with coal, oil and gas without credible transition plans, ahead of schedule. Last year, Commonwealth Bank announced that from 2025 it would not ...

BHP, Rio Tinto, Qantas back carbon credits fund

JAMIE WILLIAMSON  |  FRIDAY, 16 AUG 2024  |  NEWS
... carbon credits, which prioritises nature-based solutions and carbon removal." "BHP is actively pursuing structural greenhouse gas (GHG) emission abatement from our operations to meet our FY2030 target, but we anticipate a role for carbon credits as part ...

Woodside's US$2.35bn gamble raises doubts

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
... alarms given the yet-to-be-operational plant hinges on possibly impermanent carbon capture. Last week, Australian oil and gas company Woodside Energy Group Ltd announced it would buy Texas' OCI Clean Ammonia Holding BV, a company outside Woodside's ...

Investors bow to political pressure: IGCC

ROSE MARY PETRASS  |  THURSDAY, 25 JUL 2024  |  NEWS
... Management - recently left the CA100+. The investor-led initiative acts to ensure the world's largest corporate greenhouse gas emitters take action on climate change. This follows the departure of AllianceBernstein and Allspring Global Investments ...

Instos continue to fund fossil fuel expansion

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
As of May 2024, over 7,500 institutional investors hold US$4.3 trillion worth of bonds and shares in coal, oil, and gas companies, despite many committing to wind down financed emissions. Vanguard ($413 bn), BlackRock ($400 bn), State Street ($171 bn) ...

Microsoft makes largest ever offset purchase

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... dioxide removal (CDR) credits over six years for an undisclosed sum. The captured CO2 "will not be used to produce oil and gas". Microsoft's overall greenhouse gas emissions were 15.4 million metric tons of carbon dioxide equivalent (MtCO₂e) in ...

Robeco expands transition strategy with new funds

ROSE MARY PETRASS  |  WEDNESDAY, 10 JUL 2024  |  NEWS
... In January, Robeco led a group of investors with more than US$2 trillion of AUM to develop a global database of greenhouse gas emission avoidance factors to help facilitate transition finance. https://www.fssustainability.com.au/investor-group-with-us2tr-aum-to-measure-avoided-emissions ...

Groups unite against carbon offsets

ROSE MARY PETRASS  |  MONDAY, 8 JUL 2024  |  NEWS
... companies have claimed to be reducing emissions by investing in planting trees while increasing their production of coal, oil and gas," the letter said. "If the use of carbon offset credits is allowed to meet emission reduction targets, there is a strong ...