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Showing 41 - 50 of 354 results for "fossil fuel"

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
... and droughts. Larger high-emissions assets are becoming uninsurable. For example, IAG will cease coverage for all fossil fuel extraction or coal-fired power by the end of 2023. As of 30 June 2023, it now has less than $1 million in gross written premium ...

Danish pension fund completes US$520m divestment

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
Danish pension fund AkademikerPension has completed a fossil fuel divestment program to exit its portfolio of oil and gas stocks worth US$520 million with the sale of Italy's ENI. The fund, which oversees $20 billion in client assets, has undergone ...

Exiting emissions-intensive assets may not reduce climate risk

ROSE MARY PETRASS  |  THURSDAY, 28 SEP 2023  |  NEWS
... in the assets they purchase. The group recommends that investment strategies consider the potential consequences of fossil fuel exclusion policies and that investors ensure managed decline is considered as a climate risk strategy. Companies should assess ...

US regulator adopts tighter rules for ESG fund names

RACHEL ALEMBAKIS  |  THURSDAY, 21 SEP 2023  |  NEWS
... misleading or deceptive ESG labels is not acceptable. Today, we see funds with ESG in their names holding dozens of fossil fuel extraction companies and coal-fired utilities. The plain English meaning of 'fossil free' should rule out these holdings. ...

Business climate action "irreversible": Combet

RACHEL ALEMBAKIS  |  THURSDAY, 14 SEP 2023  |  NEWS
... skills. The scale of the investment that you required to mobilized in Australia to move from our historical reliance on fossil fuel energy to firmed renewables storage is pretty massive and it's going to have to be the, public and private sector ...

Bank says fossil fuel exclusions "will bite" in the future

ROSE MARY PETRASS  |  THURSDAY, 31 AUG 2023  |  NEWS
A growing group of financial institutions from around the world are divesting from fossil fuel companies and projects and becoming certified as fossil-fuel free. This presents a growing challenge as the window of what is considered exposure narrows. ...

Regional renewable investments ramp up

ROSE MARY PETRASS  |  WEDNESDAY, 30 AUG 2023  |  NEWS
This week saw new deals for renewables projects across the country amid concerns around a critical skills shortage in the sector. $3b Rewiring the Nation deal to power WA industry The federal government will spend $3 billion on Western Australia's ...

Aussie farmers call for climate courage

ROSE MARY PETRASS  |  THURSDAY, 24 AUG 2023  |  NEWS
Australia's food security hangs in the balance with climate change exacerbating extreme drought, flooding and other impacts which harm the country's ability to sustain food production, but climate change also presents opportunities for investment in ...

Ethical investments recover performance: Chant West

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  WEDNESDAY, 16 AUG 2023  |  NEWS
... fund is governed by an ethical and impact investment policy and an impact framework. Its negative exclusions include fossil fuel production, weapons and armaments, alcohol, tobacco, gambling, deforestation, human rights violations and unethical corporate ...

Woodside sells 10% of $16.5b Scarborough LNG to Japan investors

ROSE MARY PETRASS  |  FRIDAY, 11 AUG 2023  |  NEWS
Two prominent Japanese investors are set to acquire a 10% stake in Woodside's controversial WA Scarborough liquid natural gas (LNG) project for US$880. The equal partners will function both as customers and collaborators, exploring new energy prospects. ...