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Showing 51 - 60 of 155 results for "oil and gas"

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

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
... dairy factories by half by 2030 through up to $90 million from the GIDI Fund. The Ardern government banned offshore oil and gas exploration in 2018. Prime Minister Chris Hipkins said the deal "proves again that we can grow our economy while we lower ...

Asset managers failing on 2050 goals: InfluenceMap

ROSE MARY PETRASS  |  TUESDAY, 1 AUG 2023  |  NEWS
... ShareAction in June found the world's largest 77 asset managers are continuing to invest in companies that are expanding oil and gas production and not investing enough in new low-carbon energy opportunities to meet climate targets. Only ten of the 77 ...

NGS tracking ahead on 2030 net zero pledge

RACHEL ALEMBAKIS  |  THURSDAY, 27 JUL 2023  |  NEWS
... industries since the start of its decarbonisation process, including holdings in Woodside and Santos and others in the oil and gas exploration and production industry. The divestment from oil and gas companies was based on calculations relating to stranded ...

ASIC takes Vanguard to court over further greenwashing claims

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023  |  NEWS
... bonds exposed investor funds to investments which had ties to fossil fuels, including those with activities linked to oil and gas exploration, highlighting investments in Abu Dhabi Crude Oil Pipeline LLC (ADCOP), Chevron Phillips Chemical Co. LLC, Colonial ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  THURSDAY, 15 JUN 2023  |  NEWS
Santos has admitted that its retired offshore oil and gas field Legendre has been leaking gas for a decade, throwing into doubt investor abilities to meet net zero plans. Methane gas - a greenhouse gas 25 times more powerful than carbon dioxide - has ...

Climate engagement escalation vital to responsible investing: Aviva Investors

ROSE MARY PETRASS  |  THURSDAY, 1 JUN 2023  |  NEWS
... engagements. The engagements apply across equity and credit portfolios and focused on 30 of the worst emitters from the oil and gas, mining, steel and utilities sectors making up approximately a third of all global emissions, considering their Scope ...

Just transition: a fair go for fossil-fuel workers

ROSE MARY PETRASS  |  THURSDAY, 4 MAY 2023  |  NEWS
... to develop downstream skills in the industry towards hydrogen production and carbon capture and storage in depleted oil and gas fields under the North Sea. "Ensure jobs are well paid and people are reskilled to participate in lower-zero carbon economy ...

Karoon Energy aims for net zero 2035 target

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 APR 2023  |  NEWS
... sustainability strategy," said Jo Hynes, HSSE and sustainability manager. "We spent a lot of time researching the oil and gas industry, where we saw the future of the industry and how we were best placed to operate responsibly. "We do see oil demand ...

Global investors set net zero target, implementation lags

RACHEL ALEMBAKIS  |  THURSDAY, 23 MAR 2023  |  NEWS
... ESG approaches to avoid short-term underperformance, including unwillingness to miss out on strong returns in the oil and gas sector. More than a third of investors in Europe have been allowing higher allocations to oil and gas companies in the short ...

Activist investor launches Santos campaign

RACHEL ALEMBAKIS  |  THURSDAY, 9 MAR 2023  |  NEWS
... has pivoted to a growth strategy, committing to by far the most aggressive upstream capex plan of any major listed Oil and Gas company globally," Snowcap said. "The result has been a drastic underperformance in Santos' stock price; now the lowest ...