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Showing 31 - 40 of 354 results for "fossil fuel"

ANZ in court over climate and nature risk failure

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
... key to the operations of the bank, and responsibility goes all the way to the Board." ANZ increased its lending to fossil fuel projects in 2022 to $2.6 billion - up from $2 billon in 2021. In contrast, the Commonwealth Bank reduced its lending from $1.3 ...

BlackRock backs world's largest direct air capture plant

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
The world's largest asset manager will invest $550 million to build a direct air capture (DAC) facility in Texas which the energy company developer says will be the world's largest. New York Stock Exchange-listed Occidental Petroleum Corporation says ...

Assessing companies ability to make the low carbon transition

RACHEL ALEMBAKIS  |  MONDAY, 6 NOV 2023  |  NEWS
... carbon economy. Constituent weights are based on five key climate considerations - "company exposure to green revenues, fossil fuel reserves and carbon emissions, as well as companies' climate governance activities (aligned with the Taskforce on ...

Impact investing as greenwashing antidote: T. Rowe Price

RACHEL ALEMBAKIS  |  MONDAY, 6 NOV 2023  |  NEWS
... companies' products and services." The Global Impact Strategy holds 93 companies in the portfolio and because it excludes fossil fuel companies and most materials companies, it has underperformed wider indices, but Balkrishna said it has performed ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  MONDAY, 6 NOV 2023  |  NEWS
... Climate, which filed a claim against EnergyAustralia in August for false or misleading advertising over its branding of fossil fuel energy products as "carbon neutral", raised concerns about the proposed phase-in approach. "The arguments for a ban like ...

Renewables set to dominate by 2040

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... Australian homes now have solar panels - and this is predicted to double over the next ten years. The report found fossil fuel demand is set to peak before 2030 and then decline. The McKinsey research echoed the findings in all scenarios modelled. Further ...

Reducing risk and navigating a just transition

ROSE MARY PETRASS  |  THURSDAY, 19 OCT 2023  |  NEWS
Steering the economy away from emissions-intensive industries comes significant social and economic risks that arise from transitioning communities. Institutional investors need to integrate these risks into their strategies or risk a "messy, chaotic ...

New NZ gov scraps 2030 emissions goal

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
Following an election win on Saturday, centre-right PM-elect Chris Luxon announced that his incoming government will abandon NZ plans for a zero emissions grid by 2030. Further, no new funding will go to renewables - but planning processes will be streamlined ...

Bowen paints mixed outlook for energy future

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
... mine developments, establishing a precedent that the federal government can disregard the climate risks posed by such fossil fuel projects when deciding whether to approve them. Bowen acknowledged that the journey to 2030 and 2050 would not be linear ...

Coal mine case sets climate risk precedent

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
... mine developments, establishing a precedent that the federal government can disregard the climate risks posed by such fossil fuel projects when deciding whether to approve them. In Environment Council of Central Queensland Inc v Minister for the Environment ...