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New fossil fuel exploration acreage released

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021  |  NEWS
The Australian Petroleum Production and Exploration Association (APPEA) conference was timed with an announcement from the federal government that new offshore petroleum exploration acreage has been released. The areas off the coasts of Western Australia ...

Infrastructure manager joins Principles for Responsible Investment

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 JUN 2021  |  NEWS
... are delighted to become signatories of this important global initiative," said TRUE chief executive Peter McGregor. "Investor demand for direct investment access to renewables assets is accelerating and we believe that becoming a PRI signatory is an ...

Investment Leadership Awards ESG winners revealed

RACHEL ALEMBAKIS  |  THURSDAY, 10 JUN 2021  |  NEWS
Australian Ethical Investment and BetaShares Capital have taken top awards in the ESG category at the annual Financial Standard Investment Leadership Awards in Sydney. The awards, run by partner publication Financial Standard, recognise Australian investment ...

Oxfam Australia calls for stronger climate action amid GDP risk

RACHEL ALEMBAKIS  |  THURSDAY, 10 JUN 2021  |  NEWS
Australia could lose as much as 12.5% per year in GDP by 2050 unless there is more ambitious action on climate change, according to Oxfam Australia. Oxfam Australia is calling upon G7 leaders and invited guest countries including Australia to cut carbon ...

ASFI reports on momentum towards sustainable finance sector

RACHEL ALEMBAKIS  |  TUESDAY, 8 JUN 2021  |  NEWS
Companies in the financial sector are building momentum towards implementing the Australian Sustainable Finance Initiative (ASFI), including aspects of integrating sustainability into day to day practice. ASFI has released its first momentum report ...

Fiona Reynolds to step down from PRI

RACHEL ALEMBAKIS  |  TUESDAY, 8 JUN 2021  |  NEWS
Fiona Reynolds will step down from her role as CEO of the UN PRI after nearly nine years with the organisation. Reynolds will return to Australia, she said in a statement. She cited the trade-offs of working from London in the role with the challenges ...

DON Smallgoods site to house bioenergy plant development

RACHEL ALEMBAKIS  |  MONDAY, 7 JUN 2021  |  NEWS
A bioenergy facility is being developed on the grounds of the DON Smallgoods factory site in regional Victoria. DON Smallgoods has signalled its strong support for the bioenergy from waste facility, signing an agreement covering energy off-take, waste ...

Cutting the carbon without sacrificing return: UBS

RACHEL ALEMBAKIS  |  THURSDAY, 3 JUN 2021  |  NEWS
... top," she said. "What that means is probably efficiency is part of the reason, but it's not everything." This is where investor interest and increasing expectations of carbon taxes and penalties comes in. "As governments start to tackle climate change,and ...

Queensland train project secures $620m green loan

RACHEL ALEMBAKIS  |  THURSDAY, 3 JUN 2021  |  NEWS
A Queensland-based passenger rail fleet project has secured more than $600 million in green finance. Queensland's New Generation Rolllingstock (NGR) project, which will provide 75 new electrified six-car passenger trains as well as maintenance for 30 ...

Supermarket group signs 10-year renewable deal

RACHEL ALEMBAKIS  |  THURSDAY, 3 JUN 2021  |  NEWS
Woolworths Group has inked its first renewable power purchase agreement (PPA), which will cover around 30% of the company's NSW energy needs. Woolworths has signed a 10-year agreement to purchase power from CWP Renewables' new Bango wind farm outside ...