Search Results

Showing 71 - 80 of 249 results for "fossil fuels"

ASIC takes Vanguard to court over further greenwashing claims

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023  |  NEWS
... the index excluded issuers with significant business activities in a range of industries, including those involving fossil fuels. "However, ASIC alleges that ESG research was not conducted over a significant proportion of issuers of bonds in the Index ...

Seismic shift expected in global energy mix

ROSE MARY PETRASS  |  WEDNESDAY, 19 JUL 2023  |  NEWS
... oil is expected to slow significantly by 2028. Oil demand will peak within the decade as countries move away from fossil fuels - a shift hastened by Russia's invasion of Ukraine. Meanwhile, McKinsey & Company forecasts that power consumption is expected ...

Arup appoints state energy business leader

RACHEL ALEMBAKIS  |  TUESDAY, 18 JUL 2023  |  NEWS
... for customers at lowest overall system cost for investors and operators," Briault said. "We must reduce reliance on fossil fuels through a phased approach, bolstering renewables while modernising our energy infrastructure to handle the variability of ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  THURSDAY, 15 JUN 2023  |  NEWS
... than 150 members switching providers as part of a targeted campaign against the fund's $2 billion exposure to fossil fuels. As at 31 December 2022, Santos shares made up 0.49% of REST's MySuper option Core Strategy, a spokesperson said. "We are ...

Climate engagement escalation vital to responsible investing: Aviva Investors

ROSE MARY PETRASS  |  THURSDAY, 1 JUN 2023  |  NEWS
... the biggest carbon emitters in the energy, metals and mining and utilities sectors to include the biggest users of fossil fuels," CEO Mark Versey said. What to do when engagement is not successful Aviva engagements included meetings, conference calls ...

Graforce and Worley to scale GHG-free hydrogen gas technology in APAC

ROSE MARY PETRASS  |  MONDAY, 15 MAY 2023  |  NEWS
... vast quantities of renewable energy and hydrogen required to meet our Net Zero goals, our medium-term reliance on fossil fuels and in particular, natural gas and LNG, is a given," said Gillian Cagney, Worley ANZ Managing Director. "Plasmalysis marries ...

ASIC fines Future Super over greenwashing Facebook post

RACHEL ALEMBAKIS  |  TUESDAY, 2 MAY 2023  |  NEWS
... Super put up a post that included the statement "Naysayers don't join together to move nearly $400million out of fossil fuels." ASIC noted that "at the time of the Facebook post, Future Super had approximately $400 million in total funds under management ...

Modern slavery, just transition, tax key themes: Robeco

ROSE MARY PETRASS  |  THURSDAY, 13 APR 2023  |  NEWS
... transition theme aims to mitigate the social costs of moving to a low carbon economy, particularly in phasing out fossil fuels. It will focus on high emissions sectors including energy, utilities, mining, manufacturing and construction. tackling tax ...

Karoon Energy aims for net zero 2035 target

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 APR 2023  |  NEWS
... company has adjusted accordingly. "We're of the view that with the transition there will be a tailing off of demand for fossil fuels, however there will still be demand for oil going out to 2050," said Ann Diamant, senior vice president investor relations ...

Time is running out: latest IPCC report says 1.5°C is "likely"

ROSE MARY PETRASS  |  TUESDAY, 28 MAR 2023  |  NEWS
... short of levels needed, and both public and private finance flows for mitigation and adaptation are far outweighed by fossil fuels. According to projections the "global economic benefit of limiting global warming to 2°C exceeds the cost of mitigation ...