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Showing 21 - 30 of 300 results for "oil"

Climate changes how investors get paid

ROSE MARY PETRASS  |  FRIDAY, 13 DEC 2024  |  NEWS
... organisational characteristics such as profitability, cash holdings and cash flow volatility. Location-specific considerations, such as oil prices, carbon emission allowance prices, and political and economic uncertainty were also factored in. "Governments ...

Mega asset manager defends OECD complaint

ROSE MARY PETRASS  |  FRIDAY, 22 NOV 2024  |  NEWS
... million... and is a top-10 shareholder in each of the 20 companies." Of the asset manager's holdings in 20 companies in the palm oil, pulp/paper, soy, cattle, timber, and biomass, FOE found documented evidence of ecological harm and human rights abuses ...

COP fails to bridge yawning funding gap

ROSE MARY PETRASS  |  MONDAY, 18 NOV 2024  |  NEWS
... executive Elnur Soltanov was caught on film promoting fossil fuel deals, the President of the host nation said in a speech that oil and gas is a "gift from god", and lobbyists of controversial carbon capture and storage (CCS) technology outnumber core ...

Australia among the leaders in lowering carbon emissions

MICHELLE BALTAZAR  |  THURSDAY, 14 NOV 2024  |  NEWS
... in the atmosphere this year compared to last year from fossil fuels alone. A high 41% of emissions came from coal, 32% from oil and 21% from gas. Emissions from land use (such as deforestation) also rose this year but dropped 20% in the past decade. ...

Climate debate shifts gears after Trump win: IGCC

ROSE MARY PETRASS  |  THURSDAY, 7 NOV 2024  |  NEWS
... 2024. Trump's vows to repeal the IRA and environmental protection laws, exit the Paris Agreement, and increase spending on oil. This signifies an increase in global emissions by four billion tons to 2030, according to MIT analysis. Waking up to an ...

Boards vulnerable to next wave of climate litigation: IGCC

MICHELLE BALTAZAR  |  THURSDAY, 7 NOV 2024  |  NEWS
... delivering on the kinds of climate-related pledges that they're making," said Peel. That's why it's not just the oil and mining companies that are feeling the pressure. Airlines, the food and beverage industries, e-commerce, and financial ...

Australia leads in greenwashing lawsuits

ROSE MARY PETRASS  |  MONDAY, 28 OCT 2024  |  NEWS
... misleading information may impede an effective and timely response to climate change." Santos Ltd is the second largest listed oil and gas company in Australia. The ACCR commenced action against Santos in 2021 alleging the energy giant breached the Corporations ...

Green moves at Future Group, AusSuper, Birdwood, Minderoo, Mutual Trust

ROSE MARY PETRASS  |  MONDAY, 21 OCT 2024  |  NEWS
... spearheaded an investor group writing to 35 of the highest emitting companies in the FTSE 350 index including those in the oil and gas, utilities and mining sectors. It famously produces a Mental Health Benchmark ranking 101 UK-listed companies, on how ...

Economic woes hit ESG trades

ROSE MARY PETRASS  |  TUESDAY, 8 OCT 2024  |  NEWS
... and energy security concerns are leading investors to sectors that "may not perfectly align with ESG principles", including oil and gas companies. There is also a rise in AI integration, from 12% in 2023 to 15% in 2024, with twice as many male investors ...

Clean energy approvals increase

ROSE MARY PETRASS  |  FRIDAY, 27 SEP 2024  |  NEWS
... Australia's heaviest emitters that emit more than 100,000 tonnes of carbon dioxide equivalent emissions per year - including oil and gas producers, mining, and heavy industry - are forced reduce their emissions to the baseline or buy offsets to meet ...