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Showing 71 - 80 of 187 results for "oil and gas"

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 ...

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 ...