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Showing 51 - 60 of 354 results for "fossil fuel"

Active Super to face court over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023  |  NEWS
ASIC has filed a suit against Active Super over greenwashing claims, alleging, among other charges, that the super fund was invested in Russian assets after the invasion of Ukraine while purporting otherwise to members. The markets regulator has commenced ...

Renewables round up: BlackRock launches US$1.9b NZ renewables fund

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
One of the world's largest investment firms has announced a $2 billion fund to invest in New Zealand clean tech towards 100% renewable electricity generation by 2035. The country's energy mix currently consists mainly of hydropower, geothermal power ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  THURSDAY, 3 AUG 2023  |  NEWS
ASIC's latest action against Vanguard for allegations of greenwashing in a bond fund raises the question of whether the market regulator will crack down on index providers and other third-party service providers for greenwashing as well. Last month ...

Finding opportunities in the energy transition: IML

RACHEL ALEMBAKIS  |  THURSDAY, 3 AUG 2023  |  NEWS
... position in a company called Contact Energy, one of the large New Zealand GenTailers, where about 20% of capacity is from fossil fuel-based sources," Wood said. "In New Zealand, you have two competitors with 100% renewable because New Zealand has hydro ...

Brookfield signs MoU for renewables

ROSE MARY PETRASS  |  WEDNESDAY, 2 AUG 2023  |  NEWS
... currently cost competitive, but if the company decides to manufacture on-shore it will create a viable alternative to the fossil fuel industry "The energy transition creates an opportunity to bring advanced manufacturing processes created offshore to ...

Asset managers failing on 2050 goals: InfluenceMap

ROSE MARY PETRASS  |  TUESDAY, 1 AUG 2023  |  NEWS
... associations that actively block climate action. The asset managers assessed collectively hold 2.8 times more equity value in fossil fuel production companies ($880 billion) than green investments ($309 billion). Globally, the percentage of asset managers ...

Climate transition a factor in sovereign debt pricing: Ardea

ROSE MARY PETRASS  |  TUESDAY, 1 AUG 2023  |  NEWS
... on funding could be invested into renewable technologies and transitioned away from sectors in decline, such as the fossil fuel industry. Fortlake Asset Management's deputy chief investment officer Kylie-Anne Richards added: "This research shows that ...

ASIC takes Vanguard to court over further greenwashing claims

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023  |  NEWS
ASIC is taking Vanguard to court over greenwashing allegations relating to a global bond index fund. This is the second time the market regulator has taken action against Vanguard over greenwashing. ASIC has lodged civil penalty proceedings in federal ...

APRA strengthens super fund ESG responsibilities

RACHEL ALEMBAKIS  |  THURSDAY, 20 JUL 2023  |  NEWS
... statements of philosophy. "Long-gone are the days when running an ESG super fund was as simple as divesting from a few fossil fuel and armament stocks." The Responsible Investment Association Australasia (RIAA) "warmly welcomes the revised guide, which ...

Seismic shift expected in global energy mix

ROSE MARY PETRASS  |  WEDNESDAY, 19 JUL 2023  |  NEWS
... investment in clean technologies is much faster than many have anticipated. As such, we expect to see seismic shift from fossil fuel-based to renewable industries in the next decade." Chamberlayne noted "renewable energy companies are only one aspect ...