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Showing 61 - 70 of 280 results for "fossil fuels"

AOFM launches first Green Treasury Bond

ROSE MARY PETRASS  |  MONDAY, 3 JUN 2024  |  NEWS
... prevention and control. Use of proceeds excludes nuclear energy, and the development, refining and transportation of fossil fuels. Morningstar's Sustainalytics, the ESG performance ratings provider, gave a second party opinion confirming that the green ...

Holdings fly in face of super duty

ROSE MARY PETRASS  |  THURSDAY, 30 MAY 2024  |  NEWS
... impact returns over the long term for their members." Members "want to see their super funds doing more to end new fossil fuels and accelerate the transition to renewable energy - and ensure that they have a safe future to retire into." The expansion ...

Member accuses UniSuper of greenwashing

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024  |  NEWS
... specific to toll roads, UniSuper does screen out any companies that derive more than 10% of their reported revenues from fossil fuels, specifically the exploration or production of thermal coal or oil and gas. In a statement, UniSuper said: "Transurban ...

Podcast: Divestment, impact, and all that good stuff with Sharon Davis of Future Super

THE GREENER WAY  |  TUESDAY, 16 APR 2024  |  NEWS
... projects. The pair chat impact investing, stewardship (proxy voting and engagements), and how to approach divesting from fossil fuels while at the same time ensuring the fiduciary duty of long-term returns for members.

Canberra acts on billion-dollar net zero plan

ROSE MARY PETRASS  |  WEDNESDAY, 3 APR 2024  |  NEWS
... think tank Climate Energy Finance, said the initiative will boost regions and workforces with historic dependency on fossil fuels. The funding will "expand domestic capacity-building and catalyse onshore value-added manufacturing," he said. "Critically ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024  |  NEWS
... the index excluded only companies with significant business activities in a range of industries, including those in fossil fuels, but has since admitted that a "significant proportion" of the securities in the index and fund were from issuers that were ...

Larry Fink letter urges pragmatism

ROSE MARY PETRASS  |  WEDNESDAY, 27 MAR 2024  |  NEWS
... continued investment into traditional (oil and gas-based) energy firms. BlackRock has never supported divesting from fossil fuels. Fink called such companies "pioneers of decarbonisation". Despite anti-ESG backlash in the US, money is still pouring into ...

Defunct fund pays greenwashing fine

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 FEB 2024  |  NEWS
... the fund would seek to avoid the investment of the fund's assets in a range of excluded activities, including in fossil fuels, ASIC outlined. ASIC said the Bloom Fund used revenue thresholds which allowed it to invest in companies that derived up to ...

Shell shareholders worth €4tr to vote for Paris

ROSE MARY PETRASS  |  MONDAY, 22 JAN 2024  |  NEWS
... reduction targets and is solely focused on greenhouse gas emissions. Shell raised the proportion of investments in fossil fuels in 2023 and did not improve its climate targets, according to Follow This. The group of co-filing investors from Belgium ...

BlackRock admits stakeholder pressure on ESG a risk

ROSE MARY PETRASS  |  THURSDAY, 18 JAN 2024  |  NEWS
... Partners (GIP). The takeover, for US$12.5 billion in cash and common stock, increases BlackRock's exposure to fossil fuels as the firm invests in the Gladstone LNG project in Australia, ADNOC Gas Pipelines, the Río Grande LNG terminal in Texas ...