Search Results

Showing 41 - 50 of 182 results for "oil and gas"

Australia leads in greenwashing lawsuits

ROSE MARY PETRASS  |  MONDAY, 28 OCT 2024  |  NEWS
... information may impede an effective and timely response to climate change." Santos Ltd is the second largest listed oil and gas company in Australia. The ACCR commenced action against Santos in 2021 alleging the energy giant breached the Corporations ...

Green moves at Future Group, AusSuper, Birdwood, Minderoo, Mutual Trust

ROSE MARY PETRASS  |  MONDAY, 21 OCT 2024  |  NEWS
... spearheaded an investor group writing to 35 of the highest emitting companies in the FTSE 350 index including those in the oil and gas, utilities and mining sectors. It famously produces a Mental Health Benchmark ranking 101 UK-listed companies, on how ...

Economic woes hit ESG trades

ROSE MARY PETRASS  |  TUESDAY, 8 OCT 2024  |  NEWS
... energy security concerns are leading investors to sectors that "may not perfectly align with ESG principles", including oil and gas companies. There is also a rise in AI integration, from 12% in 2023 to 15% in 2024, with twice as many male investors ...

Clean energy approvals increase

ROSE MARY PETRASS  |  FRIDAY, 27 SEP 2024  |  NEWS
... Australia's heaviest emitters that emit more than 100,000 tonnes of carbon dioxide equivalent emissions per year - including oil and gas producers, mining, and heavy industry - are forced reduce their emissions to the baseline or buy offsets to meet ...

CommBank exits fossil fuels as rivals fund Santos

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
... once-largest fossil fuel lender has changed tack to become the first of the big banks to formally cut ties with coal, oil and gas without credible transition plans, ahead of schedule. Last year, Commonwealth Bank announced that from 2025 it would not ...

BHP, Rio Tinto, Qantas back carbon credits fund

JAMIE WILLIAMSON  |  FRIDAY, 16 AUG 2024  |  NEWS
... Act." The Safeguard Mechanism applies to more than 200 of Australia's largest industrial facilities, including oil and gas producers, mining, and heavy industry - those that emit more than 100,000 tonnes of carbon dioxide equivalent covered emissions ...

Woodside's US$2.35bn gamble raises doubts

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
... alarms given the yet-to-be-operational plant hinges on possibly impermanent carbon capture. Last week, Australian oil and gas company Woodside Energy Group Ltd announced it would buy Texas' OCI Clean Ammonia Holding BV, a company outside Woodside's ...

Instos continue to fund fossil fuel expansion

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... identified as having the largest holdings. Of the total figure, $1.2 trillion is in coal, and $3.8 trillion is in oil and gas, a new report 'Investing in Climate Chaos' has found. $3.9 trillion are in companies that are actively investing in fossil fuel ...

Microsoft makes largest ever offset purchase

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... dioxide removal (CDR) credits over six years for an undisclosed sum. The captured CO2 "will not be used to produce oil and gas". Microsoft's overall greenhouse gas emissions were 15.4 million metric tons of carbon dioxide equivalent (MtCO₂e) in ...

Groups unite against carbon offsets

ROSE MARY PETRASS  |  MONDAY, 8 JUL 2024  |  NEWS
... companies have claimed to be reducing emissions by investing in planting trees while increasing their production of coal, oil and gas," the letter said. "If the use of carbon offset credits is allowed to meet emission reduction targets, there is a strong ...