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Showing 31 - 40 of 128 results for "oil and gas"

Karoon Energy aims for net zero 2035 target

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 APR 2023  |  NEWS
... sustainability strategy," said Jo Hynes, HSSE and sustainability manager. "We spent a lot of time researching the oil and gas industry, where we saw the future of the industry and how we were best placed to operate responsibly. "We do see oil demand ...

Global investors set net zero target, implementation lags

RACHEL ALEMBAKIS  |  THURSDAY, 23 MAR 2023  |  NEWS
... ESG approaches to avoid short-term underperformance, including unwillingness to miss out on strong returns in the oil and gas sector. More than a third of investors in Europe have been allowing higher allocations to oil and gas companies in the short ...

Activist investor launches Santos campaign

RACHEL ALEMBAKIS  |  THURSDAY, 9 MAR 2023  |  NEWS
... has pivoted to a growth strategy, committing to by far the most aggressive upstream capex plan of any major listed Oil and Gas company globally," Snowcap said. "The result has been a drastic underperformance in Santos' stock price; now the lowest ...

Deloitte launches green tech initiative for business

RACHEL ALEMBAKIS  |  THURSDAY, 12 JAN 2023  |  NEWS
... demand growing rapidly across industries including utilities, power and energy, transportation and logistics, and oil and gas. "The first thing that we're seeing is that in order to reach net zero, 50% of the tech necessary is in development right now," ...

Critical talent shortage could stall net zero progress: Hays

RACHEL ALEMBAKIS  |  THURSDAY, 13 OCT 2022  |  NEWS
... director talent as well." It's not just in Australia - the report notes that in 2015, the ratio of jobs in the US oil and gas industry compared to the renewables and environmental sector was at 5:1, but by 2020, that ratio had narrowed to 2:1 and it ...

ACCR files additional claims in Santos lawsuit

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
... representations failed to disclose that its Net Zero plan does not account for expected production and/or emissions growth from oil and gas exploration opportunities beyond 2025 and the 'CCS Expansion' portion of the Net Zero plan reflects offsets ...

Government launches review of Safeguard Mechanism

RACHEL ALEMBAKIS  |  THURSDAY, 18 AUG 2022  |  NEWS
... emissions. The Safeguard Mechanism covers around half of Australia's emissions, which mainly come from electricity, mining, oil and gas production, manufacturing, transport and waste facilities. Through the review of the Safeguard Mechanism, the government ...

NGS Super divests from oil and gas producers

RACHEL ALEMBAKIS  |  THURSDAY, 4 AUG 2022  |  NEWS
NGS Super has divested from more than $190 million in oil and gas exploration and production companies, predominately Woodside and Santos. The divestment is in line with the fund's announced target of a 35% reduction of Scope 1 and Scope 2 carbon ...

Westpac sets 2030 net zero commitments

RACHEL ALEMBAKIS  |  WEDNESDAY, 27 JUL 2022  |  NEWS
... 2030, relative to a 2021 baseline. As part of that, the bank will "only consider directly financing new greenfield oil and gas projects that are in accordance with the International Energy Agency's Net Zero by 2050 scenario or where the Australian ...

NGS Super to reduce emissions 35% by 2025

RACHEL ALEMBAKIS  |  THURSDAY, 12 MAY 2022  |  NEWS
... a longer horizon than that - they may have a 15-year payoff. "That requires quite creative thinking. If you remove oil and gas, how do you compensate for those periods of time where you have higher geopolitical tension, and shocks like the Ukraine conflict ...