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Showing 21 - 30 of 155 results for "oil and gas"

Woodside's US$2.35bn gamble raises doubts

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
... alarms given the yet-to-be-operational plant hinges on possibly impermanent carbon capture. Last week, Australian oil and gas company Woodside Energy Group Ltd announced it would buy Texas' OCI Clean Ammonia Holding BV, a company outside Woodside's ...

Instos continue to fund fossil fuel expansion

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... identified as having the largest holdings. Of the total figure, $1.2 trillion is in coal, and $3.8 trillion is in oil and gas, a new report 'Investing in Climate Chaos' has found. $3.9 trillion are in companies that are actively investing in fossil fuel ...

Microsoft makes largest ever offset purchase

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... dioxide removal (CDR) credits over six years for an undisclosed sum. The captured CO2 "will not be used to produce oil and gas". Microsoft's overall greenhouse gas emissions were 15.4 million metric tons of carbon dioxide equivalent (MtCO₂e) in ...

Groups unite against carbon offsets

ROSE MARY PETRASS  |  MONDAY, 8 JUL 2024  |  NEWS
... companies have claimed to be reducing emissions by investing in planting trees while increasing their production of coal, oil and gas," the letter said. "If the use of carbon offset credits is allowed to meet emission reduction targets, there is a strong ...

LGIM, Generation, MUFG to report on nature

ROSE MARY PETRASS  |  MONDAY, 1 JUL 2024  |  NEWS
... pharmaceutical, chemicals, energy and utilities, food and agriculture, forestry and paper, metals and mining, and oil and gas. David Craig, co-chair of the TNFD said the ongoing uptake "is further evidence that the mindset in business and finance is ...

Vision Super in hot water over coal investment

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024  |  NEWS
... last year. The super fund changed its environmental, social and governance policy, removing its revenue-based coal, oil and gas investment restrictions and replacing them with a "carbon budget framework". Market Forces analysis revealed Vision Super's ...

Big win for Great Artesian Basin

MICHELLE BALTAZAR  |  FRIDAY, 7 JUN 2024  |  NEWS
... gas storage in the state to support future generations of Queenslanders. In the same vein, Queensland had banned new oil and gas drilling in Lake Eyre basin rivers and floodplains last December, one of the first decisions that Premier Miles made within ...

Member accuses UniSuper of greenwashing

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024  |  NEWS
... than 10% of their reported revenues from fossil fuels, specifically the exploration or production of thermal coal or oil and gas. In a statement, UniSuper said: "Transurban meets the screening criteria applied to investments in the Sustainable Balanced ...

J.P. Morgan vows $2.5 tn for sustainable development

ROSE MARY PETRASS  |  WEDNESDAY, 24 APR 2024  |  NEWS
... over $500 million, focusing on affordable housing and SME support in underserved communities. J.P. Morgan aligned its oil and gas target with the International Energy Agency's net zero by 2050 target - by including a greater energy mix. It updated its ...

Funding green buildings risks greenwashing accusations

ROSE MARY PETRASS  |  THURSDAY, 18 APR 2024  |  NEWS
... facilitative finance. It is the only big four bank reportedly without a substantive policy to restrict financing to new oil and gas, CEF says. "Banks need to actively reorient their lending if they are to align their climate rhetoric with their capital ...