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Australia enters the era of carbon as a commodity

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2011  |  NEWS
The Clean Energy Future legislation has passed into law, and now that the infrastructure and timeline to creating a market-based mechanism for pricing carbon emissions is reality, so begins the era of carbon as a commodity. Liable companies will need ...

Carbon tax passes Senate, pricing concerns remain

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 NOV 2011  |  NEWS
The Australian Senate has passed the Clean Energy Future legislative package, starting the countdown to the 1 July 2012 launch of a carbon pricing regime. But while businesses have short term certainty with the package's passage, they will still have ...

Investors weigh environmental, social risks of coal seam gas

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2011  |  NEWS
The mining of coal seam gas has never been more prominent in Australia, and institutional investors are weighing the environmental, social and political risks of being invested in companies with exposures to coal seam gas operations. While there are ...

Australia to pilot Extractive Industries Transparency Initiative

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2011  |  NEWS
The Australian government has agreed to undertake a pilot of the Extractive Industries Transparency Initiative (EITI), with Foreign Minister Kevin Rudd and Resources Minister Martin Ferguson announcing that the government will provide AU$12.7m to support ...

Commonwealth Bank reports lower customer satisfaction

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 NOV 2011  |  NEWS
The Commonwealth Bank of Australia (CBA) reported a customer satisfaction rating of 75.2%, slightly lower than last year and putting the bank in 4 th place against the other three main Australia banks, against a backdrop of full year net profits of ...

Using ESG factors to broaden fixed income analysis

RACHEL ALEMBAKIS  |  FRIDAY, 28 OCT 2011  |  NEWS
Institutional investors are looking to apply environmental, social and governance (ESG) analysis to fixed income portfolios. Investment professionals say the trend towards using ESG factors as part of the fixed income investment process is a work in ...

Governance, environmental issues for AGM season

RACHEL ALEMBAKIS  |  FRIDAY, 28 OCT 2011  |  NEWS
With the arrival of the annual general meeting (AGM) season, governance experts and sustainability researchers say that some issues at play this year will include executive remuneration and the processes around capital raisings, plus resolutions on ...

AWE reports lower GHG emissions, underlying loss for 2011FY

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 OCT 2011  |  NEWS
AWE Limited, an oil and gas exploration and production company, reported a 3% decline in greenhouse gas emissions (GHG) to approximately 203,000 CO2-e, with production of 6.12m barrel of oil equivalent (BOE), basically the same as the 6.09m BOE production ...

IGCC working group to engage with green finance banks

RACHEL ALEMBAKIS  |  FRIDAY, 21 OCT 2011  |  NEWS
The Investors Group on Climate Change (IGCC)'s new Low-Carbon Finance Working Group will play a stakeholder role with "green" financing institutions both domestically and overseas, consulting with the institutions being established by governments to ...

Investor groups call for climate change policy action

RACHEL ALEMBAKIS  |  FRIDAY, 21 OCT 2011  |  NEWS
Three leading investor groups on climate change, including the Investor Group on Climate Change Australia/New Zealand (IGCC), have called for policy action to stimulate private sector investment into climate change solutions that can create jobs and ...