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Showing 31 - 40 of 340 results for "oil"

Alliance formed to demand polluters pay their 'fair share'

MATTHEW WAI  |  MONDAY, 18 AUG 2025  |  NEWS
... new legislation to hold fossil fuel companies accountable for increased climate risks. According to the organisation, coal, oil and gas corporations, which are responsible for up to three quarters of Australia's climate pollution, take billions in government ...

CBA slashes oil and gas financing

KARREN VERGARA  |  FRIDAY, 15 AUG 2025  |  NEWS
Market Forces has commended Commonwealth Bank for slashing its financing for oil and gas from $3.3 billion in 2022 to $800 million in the last financial year and is pressuring the other major banks to follow suit. Morgan Pickett, a policy analyst at ...

Authorities are now accountable for caused climate damage

MATTHEW WAI  |  THURSDAY, 24 JUL 2025  |  NEWS
... while, communities in Australia and across the Pacific pay the price," Delaney continued. "The government must make big coal, oil and gas corporations pay their fair share for the damage they are causing, and support communities harmed by climate-driven ...

Australian Ethical puts Macquarie on notice

ELIZA BAVIN  |  THURSDAY, 24 JUL 2025  |  NEWS
... that goal. By contrast, the ethical investment manager said all four major Australian banks have made the ongoing finance of oil and gas sector companies conditional on those companies having climate transition plans in place. "Macquarie's disclosures ...

Activist investor hires distribution lead

ELIZABETH FRY  |  THURSDAY, 3 JUL 2025  |  NEWS
... and investors. Its latest targets include Southern Cross Media Group, Magellan Financial Group, COG Financial Services and oil and gas explorer Karoon Energy - all now facing pressure from the vocal shareholder. Sandon oversees about $220 million in ...

Hollywood heavyweights call on pension fund to divest fossil fuels

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JUN 2025  |  NEWS
... Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA) union have launched the Retire Big Oil campaign. The campaign asks the US$5 billion ($7.7bn) SAG-Producers Pension Plan to phase out its coal, oil and gas holdings. ...

Santos receives takeover offer from Abu Dhabi-led consortium

ANDREW MCKEAN  |  MONDAY, 16 JUN 2025  |  NEWS
... a non-binding $8.89 per share cash offer from the XRG Consortium, led by XRG P.J.S.C., a subsidiary of Abu Dhabi National Oil Company (ANDOC), alongside Abu Dhabi's sovereign wealth fund ADQ and US private equity firm Carlyle. The proposal, which values ...

Australia ranks 13th on gender parity

JAMIE WILLIAMSON  |  FRIDAY, 13 JUN 2025  |  NEWS
... overrepresented in healthcare and care services (58.5%) and education (52.9%). They remain underrepresented in infrastructure, oil, gas and mining, and utilities. From an income perspective, at the aggregate level, high-income economies have closed 74.3% ...

Macquarie shareholders call for transparency

ELIZA BAVIN  |  THURSDAY, 22 MAY 2025  |  NEWS
... claims it is a leader in financing for renewable energy, it is failing to disclose the full extent of its investments in coal, oil and gas. "Shareholders want Macquarie to come clean on its financing of fossil fuel expansion, which undermines the company's ...

Sustainability in 2025

VIRGINIE DERUE  |  FRIDAY, 16 MAY 2025  |  NEWS
... on his first day back in the White House, he signed an order to withdraw the US from the Paris Agreement and moved to scrap oil and gas exploration restrictions. But irrespective of the political impulse in Washington DC, we expect resilience to be a ...