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Showing 41 - 50 of 249 results for "fossil fuels"

Shell shareholders worth €4tr to vote for Paris

ROSE MARY PETRASS  |  MONDAY, 22 JAN 2024  |  NEWS
... reduction targets and is solely focused on greenhouse gas emissions. Shell raised the proportion of investments in fossil fuels in 2023 and did not improve its climate targets, according to Follow This. The group of co-filing investors from Belgium ...

BlackRock admits stakeholder pressure on ESG a risk

ROSE MARY PETRASS  |  THURSDAY, 18 JAN 2024  |  NEWS
... Partners (GIP). The takeover, for US$12.5 billion in cash and common stock, increases BlackRock's exposure to fossil fuels as the firm invests in the Gladstone LNG project in Australia, ADNOC Gas Pipelines, the Río Grande LNG terminal in Texas ...

Paris overshoot: are investors prepared?

ROSE MARY PETRASS  |  FRIDAY, 12 JAN 2024  |  NEWS
... intractable emissions in the environment but some view as a get out of jail free card for infinite production of fossil fuels. This diversity complicates the assessment of potential risk in investment. Duncan Paterson, director of investor practice at ...

Report reveals progress on green finance

ROSE MARY PETRASS  |  WEDNESDAY, 10 JAN 2024  |  NEWS
... Financial Regulation Initiative lead, said that the recent COP28 UN summit failed to commit to a full phase-out of fossil fuels, and yielded little in the way of prioritising protecting nature. "Inaction or little action is fuelling the dual climate-nature ...

Northern Trust pulled up for greenwashing

ROSE MARY PETRASS  |  THURSDAY, 21 DEC 2023  |  NEWS
... Holding. US-based DTE Energy has a fossil fuel mix of 68.58%. NiSource, another US-based energy company, relied on fossil fuels for 95% of its energy as of the latest available data in 2020. Hong Kong firm Power Assets Holding used natural gas a way ...

COP28 key outcomes: what it means for finance

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
... hours of tense negotiations, the climate agreement for the first time calls on nations to "transition away" from fossil fuels - but does not explicitly call for a fossil fuel "phase out." The first UN Global Stocktake on climate has resulted in "imperfect" ...

COP28: "Weak" Global Stocktake slammed

ROSE MARY PETRASS  |  TUESDAY, 12 DEC 2023  |  NEWS
... outlined in the 2015 Paris Agreement. The new text does not include the previous draft's language on "phase out" of fossil fuels. The text mentions "fossil fuel" three times, "coal" twice, and does not mention oil and gas. It now states to "phase down" ...

COP28: Australia commits $150m to Pacific resilience

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
... calls from the Pacific for Australia to demonstrate real climate action, and this extends to the call to phasing out fossil fuels, and domestic fossil fuel subsidies." Oxfam Australia climate justice strategic lead Melissa Bungcaras commented: "Australia ...

Government sets stage for sovereign green bond

RACHEL ALEMBAKIS  |  THURSDAY, 7 DEC 2023  |  NEWS
... treaty instrument to which Australia is a signatory; gambling development; and the refining and transportation of fossil fuels, as well as programs that predominately assist Australia's highest greenhouse gas emitting facilities.

Here's what happened at COP28 so far

ROSE MARY PETRASS  |  THURSDAY, 7 DEC 2023  |  NEWS
COP28: Australia signs Glasgow statement to end public finance for fossil fuels Australia has joined 40 other countries to end international public investment in fossil fuels, as the first week of COP28 saw new agreements regarding financing net zero ...