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Showing 31 - 40 of 300 results for "oil"

Nature now a fiduciary duty and financial risk

ROSE MARY PETRASS  |  MONDAY, 16 SEP 2024  |  NEWS
... annually. Industries most destructive to nature include agriculture, infrastructure, and resource extraction -notably, palm oil, soya, cattle, and paper. In August, Woolworths' announced it will stop selling beef linked to deforestation, following ...

CommBank exits fossil fuels as rivals fund Santos

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
... The once-largest fossil fuel lender has changed tack to become the first of the big banks to formally cut ties with coal, oil and gas without credible transition plans, ahead of schedule. Last year, Commonwealth Bank announced that from 2025 it would ...

BHP, Rio Tinto, Qantas back carbon credits fund

JAMIE WILLIAMSON  |  FRIDAY, 16 AUG 2024  |  NEWS
... Mechanism Act." The Safeguard Mechanism applies to more than 200 of Australia's largest industrial facilities, including oil and gas producers, mining, and heavy industry - those that emit more than 100,000 tonnes of carbon dioxide equivalent covered ...

Woodside's US$2.35bn gamble raises doubts

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
... has raised 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 ...

IFM, ASX-listed firms bet on renewable fuels

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024  |  NEWS
... work with GrainCorp to explore the supply of homegrown feedstocks, including additional crushing capacity to supply canola oil, to the future plant. Their initiative to establish a renewable fuels industry is touted to be the first of its kind in Australia. ...

Instos continue to fund fossil fuel expansion

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
As of May 2024, over 7,500 institutional investors hold US$4.3 trillion worth of bonds and shares in coal, oil, and gas companies, despite many committing to wind down financed emissions. Vanguard ($413 bn), BlackRock ($400 bn), State Street ($171 bn) ...

Microsoft makes largest ever offset purchase

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... carbon 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) ...

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
... biotech and 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 ...

Vision Super in hot water over coal investment

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024  |  NEWS
... policy 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 ...