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Showing 11 - 20 of 60 results for "extraction"

US regulator adopts tighter rules for ESG fund names

RACHEL ALEMBAKIS  |  THURSDAY, 21 SEP 2023  |  NEWS
... or deceptive ESG labels is not acceptable. Today, we see funds with ESG in their names holding dozens of fossil fuel extraction companies and coal-fired utilities. The plain English meaning of 'fossil free' should rule out these holdings. We ...

Bank says fossil fuel exclusions "will bite" in the future

ROSE MARY PETRASS  |  THURSDAY, 31 AUG 2023  |  NEWS
... forward they will play no part in the provision of loans, underwriting or investments to aid the expansion of fossil fuel extraction, production or infrastructure. Zak Gottlieb, director and co-founder of Bank.Green said Fossil Free Certification "is ...

Active Super to face court over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023  |  NEWS
... statements said were excluded. ASIC noted that the Sustainable Plus options had Investments in 15 companies involved in the extraction or sale of carbon intensive fossil fuels (including AGL Energy Ltd, BHP Group Ltd, Glencore PLC and Whitehaven Coal ...

Global development banks release joint principles towards Paris alignment

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
... four activity types not aligned with the Paris Agreement: mining of thermal coal, electricity generation from coal, extraction of peat, and electricity generation from peat. MDBs are allowed to undertake non-universally aligned activities if "managed ...

ASIC takes Mercer to court over greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 28 FEB 2023  |  NEWS
... statements said were excluded. ASIC noted that the Sustainable Plus options had Investments in 15 companies involved in the extraction or sale of carbon intensive fossil fuels (including AGL Energy Ltd, BHP Group Ltd, Glencore PLC and Whitehaven Coal ...

UniSuper caps future investment in fossil fuel

RACHEL ALEMBAKIS  |  THURSDAY, 15 SEP 2022  |  NEWS
... a cap on fossil fuel exposure of 7% and has divested from companies that generate more than 10% of revenue from the extraction and production of thermal coal. UniSuper has issued its fifth annual climate risk report, detailing the $108 billion super ...

Government launches review of Safeguard Mechanism

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
... CMI noted that "to date, poor ambition and policy design has seen emissions from covered metals, mining, oil and gas extraction, manufacturing, transport, and waste facilities increase by 4.3% between 2016-17 and 2020-21. "The design elements need to ...

NGS Super divests from oil and gas producers

RACHEL ALEMBAKIS  |  THURSDAY, 4 AUG 2022  |  NEWS
... has restrictions on holding companies that generate more than 30% of revenue from distribution, power generation, or extraction of thermal coal, and has now expanded those restrictions to include companies who are in the oil and gas production and exploration ...

UniSuper sustainability exec departs for Vanguard

RACHEL ALEMBAKIS  |  THURSDAY, 30 JUN 2022  |  NEWS
... UniSuper's actions on climate have included divesting from companies generate over 10% of their revenue from the extraction of thermal coal, setting the goal that their 50 largest Australian investments set Paris-aligned operational targets by the ...

Budget "misses opportunity" to address sustainability

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 MAR 2022  |  NEWS
... said. "However, much of the $1.3 billion supports gas, or blue and grey hydrogen which further support fossil fuel extraction and complicates Australia's ultimate path toward net zero. These investments are certainly pushing Australia toward a greener ...