Search Results

Showing 11 - 20 of 62 results for "extraction"

Coal mine case sets climate risk precedent

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
... dispute" the "very detailed" supporting evidence detailing the impact of greenhouse gas emissions associated with the extraction and burning of coal on anthropogenic climate change, nor the effect of climate change on many Matters of National Environmental ...

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
... insurance sector to capitalise on that climate risk and transition. As the economy requires a six-fold increase in mineral extraction to power the new economy, and Australia has vast reserves, he pointed out the massive opportunities for insurance sector ...

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 ...