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Unconventional gas development poses risks to investors

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 DEC 2012  |  NEWS
Unconventional oil and gas development techniques for extracting coal seam gas (CSG) and shale gas reserves in Australia presents environmental and political risks that responsible investors must take into account, according to panelists in a recent ...

ClimateWorks Australia developing GHG reductions index

RACHEL ALEMBAKIS  |  FRIDAY, 7 DEC 2012  |  NEWS
ClimateWorks Australia is developing a national index of business' activity to reduce greenhouse gas emissions. The research is geared at enabling government, businesses and the community to see the impact of businesses' activities to reduce emissions ...

Will sustainability survive the end of the boom?

JOSH DOWSE  |  FRIDAY, 7 DEC 2012  |  NEWS
Editor's Note: The Sustainability Report is pleased to present this column from Josh Dowse. Josh is principal of Dowse CSP, a sustainability/ESG advisory firm, has worked on ESG, sustainability and communication issues with McKinsey & Company and Macquarie ...

One third of ASX100 companies assure sustainability reports

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 NOV 2012  |  NEWS
... clearly identified in 10% of statements reviewed by the study. "Environmental indicators, including energy use and greenhouse gas emissions, were the most common indicators to be assured," the report said. "This may reflect a regulatory change in greenhouse ...

Woolworths poker machine vote fails, but push to continue

RACHEL ALEMBAKIS  |  FRIDAY, 23 NOV 2012  |  NEWS
... require disclosure of the company's assumptions of future carbon prices, oil prices, demand for oil and regulation of greenhouse gas emissions and the extent to which these factors might impair assets. The resolution was tabled by the Climate Advocacy ...

Investor groups call for new climate change policy responses

RACHEL ALEMBAKIS  |  WEDNESDAY, 21 NOV 2012  |  NEWS
... stronger international agreements that send clear market signals about the future of climate policy and reductions in greenhouse gas emissions," according to an announcement. The coalition notes that the re-election of US President Barack Obama and the ...

LGS generating energy savings certificates from retrofits

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 NOV 2012  |  NEWS
... throughout the portfolio." Certificates can be sold for between AU$25-$30 per certificate, based on the amount of greenhouse gas emissions are saved, Churchill said. The energy savings certificates are viewed as a source of added return, rather than ...

Fewer ASX companies see carbon price as a business risk

RACHEL ALEMBAKIS  |  FRIDAY, 9 NOV 2012  |  NEWS
... of companies identifying opportunities, at 70%. "Respondents commonly identified an increase in economic attractiveness of gas compared to coal, thereby increasing the demand for gas resources for electricity generation," the report noted. Fabian said ...

Environmental, operating risk to unconventional oil projects

RACHEL ALEMBAKIS  |  FRIDAY, 9 NOV 2012  |  NEWS
... environmental liabilities such as marine hydrocarbon spills and ongoing operational costs when assessing integrated oil and gas companies, according to MSCI ESG Research. Large, catastrophic environmental events are the biggest concern, according to ...

Commonwealth Bank reports increased customer satisfaction

RACHEL ALEMBAKIS  |  WEDNESDAY, 7 NOV 2012  |  NEWS
... The bank reported 147,124 tonnes of scope 1, 2 and 3 emissions in 2011-2012, down from 170,688 thousand tonnes of greenhouse gas emissions in the 2010/2011 financial year. CBA said its top three carbon reduction initiatives were a lighting project to ...