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Showing 71 - 80 of 371 results for %22fossil fuel%22

Just transition: a fair go for fossil-fuel workers

ROSE MARY PETRASS  |  THURSDAY, 4 MAY 2023  |  NEWS
... was put in the spotlight, with panellists advocating for the establishment of a just transition authority to ensure that fossil energy workers and their communities are supported in the transition to renewable energy. This body would include representation ...

ASIC fines Future Super over greenwashing Facebook post

RACHEL ALEMBAKIS  |  TUESDAY, 2 MAY 2023  |  NEWS
... spokesperson said. The poorly drafted post had intended to make the point that $400 million had been switched away from fossil fuel-exposed super funds as opposed to fossil fuel investments." ASIC issued the infringement notice to superannuation fund ...

Modern slavery, just transition, tax key themes: Robeco

ROSE MARY PETRASS  |  THURSDAY, 13 APR 2023  |  NEWS
... just 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 ...

California considers bill to force fossil fuel divestment for CalPERS, CalSTRS

RACHEL ALEMBAKIS  |  THURSDAY, 13 APR 2023  |  NEWS
A bill that would force CalPERS and CalSTRS to divest from fossil fuel investments by July 2030 is making its way through the California legislature. SB 252, which would halt future investment in fossil fuel assets and force the California pension funds ...

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 ...

Market Forces asks for ASIC investigation of ANZ

RACHEL ALEMBAKIS  |  WEDNESDAY, 5 APR 2023  |  NEWS
... the company constitution to permit advisory resolutions. The second was an advisory resolution seeking disclosure on fossil fuel financing. "Market Forces and ANZ shareholder Christine Cook have asked ASIC to investigate whether ANZ directors made a ...

Asian companies setting net zero goals, lagging on capital alignment

RACHEL ALEMBAKIS  |  THURSDAY, 30 MAR 2023  |  NEWS
... level. The report noted that Asia consumed 80% of coal usage globally, 38% of oil and 23% of natural gas, saying "this high fossil-fuel dependence inevitability implies a rising share of responsibility for global efforts to decarbonise. "As we point ...

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

ROSE MARY PETRASS  |  TUESDAY, 28 MAR 2023  |  NEWS
... falling 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 ...

New report finds global carbon markets hit new record amid energy crisis

ROSE MARY PETRASS  |  MONDAY, 27 MAR 2023  |  NEWS
... crisis and broader inflationary pressures of 2022 strengthened policymaker's commitments and accelerated efforts to end fossil fuel dependency, reveals the 2023 International Carbon Action Partnership (ICAP)'s Emissions Trading Worldwide Status Report. ...

Bank Australia sets interim 2030 net zero target

RACHEL ALEMBAKIS  |  FRIDAY, 24 MAR 2023  |  NEWS
... including staff transport and waste management. Last year, Bank Australia also announced that it would cease loans for new fossil fuel cars by 2025. "Our responsible banking policy makes it really clear what we do not lend to and where we should be lending ...