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Showing 71 - 80 of 185 results for "oil and gas"

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 ...

Reducing risk and navigating a just transition

ROSE MARY PETRASS  |  THURSDAY, 19 OCT 2023  |  NEWS
... schools and daycare centres, while effectively mitigating negative environmental impacts arising from decommissioning oil and gas infrastructure and developing new infrastructure. "Until we do place-based planning.... It's going to be hard to make ...

Act now on carbon emissions to avoid higher costs later: EY

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... incentives - that critical mass creates a critical change in thinking about how we're going to pursue abatement? Oil and gas projects, along with coal mines, will deliver around 90% of emissions reductions in the short-term, but EY notes that facilities ...

Danish pension fund completes US$520m divestment

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
Danish pension fund AkademikerPension has completed a fossil fuel divestment program to exit its portfolio of oil and gas stocks worth US$520 million with the sale of Italy's ENI. The fund, which oversees $20 billion in client assets, has undergone ...

Climate fund assets reach half a trillion dollars

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
... grew by 4% in the past 18 months to US$31.7 billion despite the Inflation Reduction Act. This is attributed to high oil and gas prices, as well as falling valuations in renewable energy stocks. European investors favour climate transition funds while ...

Exiting emissions-intensive assets may not reduce climate risk

ROSE MARY PETRASS  |  THURSDAY, 28 SEP 2023  |  NEWS
... systemic, value destruction risks from a volatile, rather than managed decline in carbon energy, particularly in the oil and gas sector. This means more active stewardship is now urgently required by investors over emissions targets, capex plans and ...

Ethical investments recover performance: Chant West

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  WEDNESDAY, 16 AUG 2023  |  NEWS
... During the previous year ESG options underperformed due to macroeconomic factors - they did not benefit from soaring oil and gas prices, while their non-ethical peers reaped the advantages of the war in Ukraine. However, ethical funds now seem to be ...

Renewables round up: BlackRock launches US$1.9b NZ renewables fund

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
... dairy factories by half by 2030 through up to $90 million from the GIDI Fund. The Ardern government banned offshore oil and gas exploration in 2018. Prime Minister Chris Hipkins said the deal "proves again that we can grow our economy while we lower ...