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Showing 61 - 70 of 349 results for "oil"

Coalition's anti-ESG stance sparks investor backlash

ROSE MARY PETRASS  |  THURSDAY, 23 JAN 2025  |  NEWS
... financing to Tasmanian logging company TP Bennett and Sons. The bank has no direct lending exposure to coal, coal seam gas, crude oil, natural gas, native forest logging projects. Opposition leader Peter Dutton said: "Banks are there to provide finance ...

Trump Paris exit "bad news" for rest of world

ROSE MARY PETRASS  |  THURSDAY, 23 JAN 2025  |  NEWS
... office and revoked 78 executive actions of the previous administration. He exited the Paris Agreement and vowed to maximise US oil and gas production and exploration. At least a dozen diversity, equity and inclusion (DEI) initiatives and LGBTQ+ and racial ...

More climate exits as Trump takes charge

ROSE MARY PETRASS  |  WEDNESDAY, 22 JAN 2025  |  NEWS
... office, Donald Trump has signed nearly 100 executive orders including exiting the Paris Agreement and vowing to maximise US oil and gas production and exploration. The local convener of CA100+, the Investor Group on Climate Change (IGCC), confirmed that ...

Trump inaugurated as 47th President

ELIZA BAVIN  |  WEDNESDAY, 22 JAN 2025  |  NEWS
... sector will undoubtedly be the most immediate beneficiary of this sweeping policy shift," Green said. "Companies involved in oil and gas exploration, extraction, and infrastructure stand to gain as regulatory barriers are dismantled and investment in ...

Biodiversity loss, climate front of mind for investors

ROSE MARY PETRASS  |  MONDAY, 13 JAN 2025  |  NEWS
... deforestation-prone countries, with land-use change being the prominent driver of nature loss. Industries like cattle, palm oil, soy, timber, cocoa, coffee, and rubber are the biggest drivers of deforestation, resulting in soil fertility decline, water ...

Most popular podcast episodes of 2024

ROSE MARY PETRASS  |  MONDAY, 6 JAN 2025  |  NEWS
... Listen here. 4. Divestment, impact, and that good stuff with Future Super's Sharon Davis This super fund has no coal, oil and gas holdings, and an ethos rooted in ethical investment with a focus on clean energy and social impact projects. Listen ...

Investors "not interested" in nuclear

ROSE MARY PETRASS  |  MONDAY, 16 DEC 2024  |  NEWS
... energy with the Australian energy hyperinflation evident since Putin's invasion of Ukraine, with the resulting surge in oil, gas and coal prices due to ongoing sanctions against Russia," Buckley said. "Australia's energy prices have surged since ...

Climate changes how investors get paid

ROSE MARY PETRASS  |  FRIDAY, 13 DEC 2024  |  NEWS
... organisational characteristics such as profitability, cash holdings and cash flow volatility. Location-specific considerations, such as oil prices, carbon emission allowance prices, and political and economic uncertainty were also factored in. "Governments ...

Mega asset manager defends OECD complaint

ROSE MARY PETRASS  |  FRIDAY, 22 NOV 2024  |  NEWS
... million... and is a top-10 shareholder in each of the 20 companies." Of the asset manager's holdings in 20 companies in the palm oil, pulp/paper, soy, cattle, timber, and biomass, FOE found documented evidence of ecological harm and human rights abuses ...

COP fails to bridge yawning funding gap

ROSE MARY PETRASS  |  MONDAY, 18 NOV 2024  |  NEWS
... executive Elnur Soltanov was caught on film promoting fossil fuel deals, the President of the host nation said in a speech that oil and gas is a "gift from god", and lobbyists of controversial carbon capture and storage (CCS) technology outnumber core ...