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Showing 51 - 60 of 300 results for "oil"

Investors fail to vote for climate despite pledges

ROSE MARY PETRASS  |  THURSDAY, 11 APR 2024  |  NEWS
... "Major investors are neglecting to use one of the most important tools at their disposal to mitigate risk by bringing coal, oil and gas companies into line with climate goals." Market Forces' new analysis highlights how all directors of companies failing ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024  |  NEWS
... 74% of the fund's market value. ASIC had alleged investments that should have been screened out included Abu Dhabi Crude Oil Pipeline LLC (ADCOP), Chevron Phillips Chemical Co. LLC, Colonial Pipeline Co, Empresa Nacional del Petróleo SA (ENAP) and ...

Larry Fink letter urges pragmatism

ROSE MARY PETRASS  |  WEDNESDAY, 27 MAR 2024  |  NEWS
... decarbonisation not be achieved without greater flows into energy infrastructure - but also continued investment into traditional (oil and gas-based) energy firms. BlackRock has never supported divesting from fossil fuels. Fink called such companies ...

Deutsche Bank links 33% of long-term bonuses to non-financial targets

ROSE MARY PETRASS  |  WEDNESDAY, 20 MAR 2024  |  NEWS
... reduction targets for carbon-intensive sectors, in line with its net zero pathway. Seven targeted carbon-intensive sectors are oil and gas, power generation, automotive, and steel, coal mining, cement, and shipping. This covers 54% of the bank's financed ...

Execs sceptical of 2050 net zero goal

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
... This figure now stands at 62%. This view was consistent across most regions - and the sector most likely to believe this was oil and gas executives. It is the global scientific consensus that to mitigate the most severe climate impacts, net emissions ...

Big super's plan on fossil fuel return

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
... according to a poll from the AFR. These members want super funds to "demand and deliver an end to Woodside and Santos' oil and gas expansion plans and publicly divest if they fail to comply," Morgan said. Fully, 29 of the 30 funds identify climate ...

Tracking nature: finance lags on biodiversity

ROSE MARY PETRASS  |  THURSDAY, 29 FEB 2024  |  NEWS
... deforestation. These commodities include soy, cattle products (beef and leather), timber products (timber and pulp and paper), and palm oil. The new EU law includes further provisions for peatlands and rivers. For previously drained peatlands, EU member ...

Shell shareholders worth €4tr to vote for Paris

ROSE MARY PETRASS  |  MONDAY, 22 JAN 2024  |  NEWS
... stock. The climate resolution, co-filed with Europe-based green shareholder group Follow This, requests that the multinational oil and gas company align its medium-term emissions reduction targets with the Paris Agreement. Shareholders will take an advisory ...

BNP Paribas updates sustainability strategy

ROSE MARY PETRASS  |  TUESDAY, 16 JAN 2024  |  NEWS
... solutions, invest in emerging markets, and enhance impact investing strategies. It has also committed to reducing its exposure to oil and gas in line with 2°C of warming. As a founding signatory to the Net Zero Banking Alliance, the firm previously ...

Report reveals progress on green finance

ROSE MARY PETRASS  |  WEDNESDAY, 10 JAN 2024  |  NEWS
... need to take up a prominent role in directing finance away from the most environmentally harmful sectors like coal, gas and oil, and set minimum ESG expectations in financial regulation and supervision," Siti Kholifatul Rizkiah, lead author of the SUSREG ...