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Showing 41 - 50 of 410 results for "fossil fuel"

Disorderly transition may spark financial meltdown

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
... may spark a "disorderly transition" to net zero. In a disorderly transition to net zero, global losses from stranded fossil fuel assets could amount to US$2.5 trillion - that is 2.5% of global stock market cap. The 2008 global financial crisis was sparked ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  TUESDAY, 6 AUG 2024  |  NEWS
Mercer Superannuation Australia has been slapped with a whopping $11.3 million penalty by the Federal Court on the back of an ASIC-led greenwashing investigation. Mercer was found to make misleading statements on its website about seven Sustainable ...

ACCR cuts ties with Rio Tinto

ROSE MARY PETRASS  |  THURSDAY, 1 AUG 2024  |  NEWS
... to be moving to align with the climate science." Buckley said lobbying is widespread, and there are "way too many" fossil fuel executives on boards who "fail to understand the speed of energy system transformation already well underway." Investors are ...

Demand up for green steel

ROSE MARY PETRASS  |  FRIDAY, 19 JUL 2024  |  NEWS
... managers or investment directors. The majority of investors (81%) agree that green steel cannot be produced using fossil fuel energy. Most are hedging their bets on a transition away from metallurgical coal in steelmaking (68%), and believe metallurgical ...

UniSuper sustainable option returns 15.2%

ROSE MARY PETRASS  |  THURSDAY, 18 JUL 2024  |  NEWS
... Australasia (RIAA) Certified. They exclude companies with material exposure to tobacco, alcohol, gambling, weapons, and fossil fuel exploration and production. ESG head Lou Capparelli said outperformance can be attributed to substantial holdings in tech ...

Instos continue to fund fossil fuel expansion

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... a new report 'Investing in Climate Chaos' has found. $3.9 trillion are in companies that are actively investing in fossil fuel expansion. Over 95% of companies on GCEL have not set a coal exit date, and 40% are developing new coal assets. 96% of oil ...

Future Super returns 10.1% to ethically minded members

JAMIE WILLIAMSON  |  MONDAY, 8 JUL 2024  |  NEWS
... an investment in Nvidia boosting returns. "Our returns are built on a foundation of responsible investing, avoiding fossil fuel companies means we have more space to embrace other, growing sectors like tech, AI, health, and renewable energy. Locally ...

Groups unite against carbon offsets

ROSE MARY PETRASS  |  MONDAY, 8 JUL 2024  |  NEWS
... high-emitting activities to continue. Frameworks on climate transition planning must exclude offsetting, they argue. "Fossil fuel companies have claimed to be reducing emissions by investing in planting trees while increasing their production of coal ...

Clean energy trends are "unstoppable"

ROSE MARY PETRASS  |  FRIDAY, 28 JUN 2024  |  NEWS
... electrification and renewable power shows no signs of slowing yet. Direct investments in the sector, supplemented by fossil fuel energy sources to ensure grid stability during the net zero transition, is turbocharging growth. The research comes out of ...

Vision Super in hot water over coal investment

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024  |  NEWS
... water after analysis revealed it has purchased $2.2 million worth of Whitehaven Coal stocks after walking back its fossil fuel exclusion policy last year. The super fund changed its environmental, social and governance policy, removing its revenue-based ...