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Showing 61 - 70 of 185 results for "oil and gas"

Investors fail to vote for climate despite pledges

ROSE MARY PETRASS  |  THURSDAY, 11 APR 2024  |  NEWS
... investors are neglecting to use one of the most important tools at their disposal to mitigate risk by bringing coal, oil and gas companies into line with climate goals." Market Forces' new analysis highlights how all directors of companies failing to ...

Larry Fink letter urges pragmatism

ROSE MARY PETRASS  |  WEDNESDAY, 27 MAR 2024  |  NEWS
... not be achieved without greater flows into energy infrastructure - but also 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". ...

Deutsche Bank links 33% of long-term bonuses to non-financial targets

ROSE MARY PETRASS  |  WEDNESDAY, 20 MAR 2024  |  NEWS
... targets for carbon-intensive sectors, in line with its net zero pathway. Seven targeted carbon-intensive sectors are oil and gas, power generation, automotive, and steel, coal mining, cement, and shipping. This covers 54% of the bank's financed emissions. ...

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 ...