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Showing 61 - 70 of 410 results for "fossil fuel"

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024  |  NEWS
The Federal Court determined Vanguard misled investors via claims it made about certain ESG screens it applied to its Ethically Conscious Global Aggregate Bond Index Fund. On March 8, the indexing giant admitted to "engaging in conduct that was liable ...

Larry Fink letter urges pragmatism

ROSE MARY PETRASS  |  WEDNESDAY, 27 MAR 2024  |  NEWS
The BlackRock CEO's annual letter waxed poetic on the old age question, fear, and the savings strategy of stuffing money under mattresses. He also said the energy transition is not a straight line and requires "pragmatism". This means Larry Fink believes ...

Big super's plan on fossil fuel return

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
While the country's top 30 super funds have lower stakes in Woodside and Santos, they continue to engage with the resource companies while prioritising returns for members. Compared with two years prior, the two energy giants have a larger share ...

Defunct fund pays greenwashing fine

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 FEB 2024  |  NEWS
A now-defunct app-led climate impact fund is the latest entity to cop a fine for greenwashing from the regulator. Melbourne Securities Corporation (MSC) has paid $13,320 to comply with an ASIC infringement notice relating to allegations of misleading ...

BlueScope receives funding for lower emissions project

RACHEL ALEMBAKIS  |  THURSDAY, 1 FEB 2024  |  NEWS
... was "an important area of focus," but said that much stronger incentives are needed "to reduce - not support new - fossil fuel powered production." "Today's announcement acknowledges the strategic importance of supporting trade-exposed industries as ...

Australian Ethical grants $500k to climate solutions

ROSE MARY PETRASS  |  WEDNESDAY, 24 JAN 2024  |  NEWS
... transition to renewable energy. Additionally, the Environmental Defenders Office will use its grant towards monitoring fossil fuel projects in the Australian regulatory pipeline, and providing the public with legal resources to take effective action. ...

Shell shareholders worth €4tr to vote for Paris

ROSE MARY PETRASS  |  MONDAY, 22 JAN 2024  |  NEWS
... Crossman commented: "With 2023 being the warmest year on record, and COP28 signaling 'the beginning of the end of the fossil fuel era' we are more aware than ever that climate change will create winners and losers. We hope to create incentives for senior ...

BlackRock admits stakeholder pressure on ESG a risk

ROSE MARY PETRASS  |  THURSDAY, 18 JAN 2024  |  NEWS
For the first time in its quarterly earnings report, BlackRock identified stakeholder pressure on ESG and AI as risk factors that may influence returns. In its earnings release published on Friday, the firm warned that "increasing focus from stakeholders ...

$200m social housing catalyst for clean energy sector

ROSE MARY PETRASS  |  WEDNESDAY, 17 JAN 2024  |  NEWS
... renewable electricity is an important part of building a clean energy system that works for people, not multinational fossil fuel corporations. Millions of households around Australia are already seeing the benefits so it's essential renters, people ...

Paris overshoot: are investors prepared?

ROSE MARY PETRASS  |  FRIDAY, 12 JAN 2024  |  NEWS
In the face of projections that 2024 is set to surpass the 1.5°C Paris Agreement threshold, experts are concerned that investors are unprepared for the escalating risks associated with climate change. Investors navigate these risks by employing models ...