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Showing 61 - 70 of 182 results for "oil and gas"

Execs sceptical of 2050 net zero goal

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
... figure now stands at 62%. This view was consistent across most regions - and the sector most likely to believe this was oil and gas executives. It is the global scientific consensus that to mitigate the most severe climate impacts, net emissions in global ...

Big super's plan on fossil fuel return

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
... according to a poll from the AFR. These members want super funds to "demand and deliver an end to Woodside and Santos' oil and gas expansion plans and publicly divest if they fail to comply," Morgan said. Fully, 29 of the 30 funds identify climate ...

Shell shareholders worth €4tr to vote for Paris

ROSE MARY PETRASS  |  MONDAY, 22 JAN 2024  |  NEWS
... climate resolution, co-filed with Europe-based green shareholder group Follow This, requests that the multinational oil and gas company align its medium-term emissions reduction targets with the Paris Agreement. Shareholders will take an advisory vote ...

BNP Paribas updates sustainability strategy

ROSE MARY PETRASS  |  TUESDAY, 16 JAN 2024  |  NEWS
... invest in emerging markets, and enhance impact investing strategies. It has also committed to reducing its exposure to oil and gas in line with 2°C of warming. As a founding signatory to the Net Zero Banking Alliance, the firm previously stated it plans ...

COP28 key outcomes: what it means for finance

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
... stage with over 100 countries committing to triple renewable energy, a Loss and Damage fund operationalised, major oil and gas sector entities committing to decarbonising their direct emissions and reducing methane emissions, and over 100 countries committing ...

COP28: "Weak" Global Stocktake slammed

ROSE MARY PETRASS  |  TUESDAY, 12 DEC 2023  |  NEWS
... language on "phase out" of fossil fuels. The text mentions "fossil fuel" three times, "coal" twice, and does not mention oil and gas. It now states to "phase down" and "reduce" fossil fuels. A paragraph on eliminating greenwashing, included in a previous ...

COP28: Countries tackle coal as President claims "no science" behind phase-out

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... annual energy efficiency improvements by 2030. 51 companies, including 29 national oil companies, signed on to the Oil and Gas Decarbonization Charter (OGDC) to reach net zero emissions by 2050, with 30 committing to near zero methane emissions for the ...

COP28 day one recap: US$429m loss and damage fund

ROSE MARY PETRASS  |  FRIDAY, 1 DEC 2023  |  NEWS
... The decision reportedly received a standing ovation from delegates. This comes amid controversies about the UAE's oil and gas expansion plans. COP28 president Sultan Al Jaber is also the president of UAE oil company Adnoc. Annual loss and damage in developing ...

Preparing for COP28: nature and climate integration

ROSE MARY PETRASS  |  TUESDAY, 14 NOV 2023  |  NEWS
... Emirates - a major fossil fuel producer - could result in weak outcomes. The UAE plans to extract 38 billion barrels of oil and gas between now and 2085. According to GlobalData, if other oil-producing nations followed similar plans, the world's ...

NSW Anti-slavery commissioner raises alarm on ASX risk

RACHEL ALEMBAKIS  |  THURSDAY, 19 OCT 2023  |  NEWS
... markets such as Korea, China and India," Cockayne said. FLORET estimates that sectors with higher risk include mining, oil and gas extraction, manufacturing and construction. "In some ways this is not surprising," Cockayne said. "Modern slavery risks ...