Search Results

Showing 61 - 70 of 716 results for "gas"

BHP, Rio Tinto, Qantas back carbon credits fund

JAMIE WILLIAMSON  |  FRIDAY, 16 AUG 2024  |  NEWS
... carbon credits, which prioritises nature-based solutions and carbon removal." "BHP is actively pursuing structural greenhouse gas (GHG) emission abatement from our operations to meet our FY2030 target, but we anticipate a role for carbon credits as part ...

Woodside's US$2.35bn gamble raises doubts

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
... alarms given the yet-to-be-operational plant hinges on possibly impermanent carbon capture. Last week, Australian oil and gas company Woodside Energy Group Ltd announced it would buy Texas' OCI Clean Ammonia Holding BV, a company outside Woodside's ...

Investors bow to political pressure: IGCC

ROSE MARY PETRASS  |  THURSDAY, 25 JUL 2024  |  NEWS
... Management - recently left the CA100+. The investor-led initiative acts to ensure the world's largest corporate greenhouse gas emitters take action on climate change. This follows the departure of AllianceBernstein and Allspring Global Investments ...

Instos continue to fund fossil fuel expansion

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
As of May 2024, over 7,500 institutional investors hold US$4.3 trillion worth of bonds and shares in coal, oil, and gas companies, despite many committing to wind down financed emissions. Vanguard ($413 bn), BlackRock ($400 bn), State Street ($171 bn) ...

Microsoft makes largest ever offset purchase

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... dioxide removal (CDR) credits over six years for an undisclosed sum. The captured CO2 "will not be used to produce oil and gas". Microsoft's overall greenhouse gas emissions were 15.4 million metric tons of carbon dioxide equivalent (MtCO₂e) in ...

Robeco expands transition strategy with new funds

ROSE MARY PETRASS  |  WEDNESDAY, 10 JUL 2024  |  NEWS
... In January, Robeco led a group of investors with more than US$2 trillion of AUM to develop a global database of greenhouse gas emission avoidance factors to help facilitate transition finance. https://www.fssustainability.com.au/investor-group-with-us2tr-aum-to-measure-avoided-emissions ...

Groups unite against carbon offsets

ROSE MARY PETRASS  |  MONDAY, 8 JUL 2024  |  NEWS
... companies have claimed to be reducing emissions by investing in planting trees while increasing their production of coal, oil and gas," the letter said. "If the use of carbon offset credits is allowed to meet emission reduction targets, there is a strong ...

Investors exit climate group amid politicisation

ROSE MARY PETRASS  |  MONDAY, 1 JUL 2024  |  NEWS
... year. Blackrock also scaled back its involvement. CA100+ supports investors to ensure the world's largest corporate greenhouse gas emitters take appropriate action on climate change. Despite an exodus, the engagement initiative still has more than 700 ...

LGIM, Generation, MUFG to report on nature

ROSE MARY PETRASS  |  MONDAY, 1 JUL 2024  |  NEWS
... pharmaceutical, chemicals, energy and utilities, food and agriculture, forestry and paper, metals and mining, and oil and gas. David Craig, co-chair of the TNFD said the ongoing uptake "is further evidence that the mindset in business and finance is ...

Clean energy trends are "unstoppable"

ROSE MARY PETRASS  |  FRIDAY, 28 JUN 2024  |  NEWS
... specific clean energy industries like solar and wind, complemented by exposure to more traditional energy sources (e.g., natural gas, nuclear power) that will still be needed to meet energy demand while alternative sources and technologies continue to ...