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AI and crypto mining to drive energy opps: PGIM

MICHELLE BALTAZAR  |  FRIDAY, 7 JUN 2024  |  NEWS
The rising consumption of all things digital - cloud computing, artificial intelligence and crypto mining - are giving fund managers new and unlikely sources of alpha in the global energy sector, PGIM research shows. In its investment report titled ...

Big win for Great Artesian Basin

MICHELLE BALTAZAR  |  FRIDAY, 7 JUN 2024  |  NEWS
In a move welcomed by farmer groups and local councils, Queensland's environmental regulator has imposed a moratorium on any future Carbon Capture and Storage (CCS) project applications in the Great Artesian Basin (GAB). Late last month, the sunshine ...

Pollination targets climate tech start-ups

ROSE MARY PETRASS  |  FRIDAY, 7 JUN 2024  |  NEWS
Pollination has launched a new $150 million fund for clean energy and technology start-ups with the Queensland government as a cornerstone investor. QIC-managed Queensland Venture Capital Development Fund (QVCDF) committed to invest an undisclosed sum ...

Fintech group nabs ESG lead

ROSE MARY PETRASS  |  FRIDAY, 7 JUN 2024  |  NEWS
Louisa Scott has started as director of ESG for Automic Group, the financial services tech platform. She joins an existing team which includes another director-level consultant in the Sydney office, Owen Morrison. It is part of a growth drive in the ...

Westpac looks for next CSO

ROSE MARY PETRASS  |  THURSDAY, 6 JUN 2024  |  NEWS
Siobhan Toohill leaves Westpac next month after two years as chief sustainability officer and nine years as group head of sustainability previously. Toohill will also step back from participation as Westpac's representative on the United Nations Environment ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024  |  NEWS
Active Super has been found guilty of misleading the public with false claims about its environmental, social, and governance (ESG) credentials. The profit-to-member fund, which is set to merge with Vision Super in March 2025, made claims on its website ...

Australian Ethical updates investment guide

ELIZA BAVIN  |  TUESDAY, 4 JUN 2024  |  NEWS
Australian Ethical has updated its guide to ethical investing with several additions to further clarify what it considers before making an investment. The super fund added a list of positive and negative factors it considers in developing its criteria ...

AOFM launches first Green Treasury Bond

ROSE MARY PETRASS  |  MONDAY, 3 JUN 2024  |  NEWS
The Australian Office of Financial Management (AOFM) has this week launched the first Green Treasury Bond. The $7 billion sovereign green bonds will mature on June 21, 2034 and settlement will occur on June 14. Commonwealth Bank of Australia, Deutsche ...

Global investors unite for Climate Action 100+

ROSE MARY PETRASS  |  MONDAY, 3 JUN 2024  |  NEWS
A group of global asset owners has issued a statement in support of Climate Action 100+ (CA100+) after an exodus of large investor members early this year. The initiative received the endorsement from 44 asset owners across the globe, including the ...

Brookfield bids for majority stake in Neoen

ANDREW MCKEAN  |  MONDAY, 3 JUN 2024  |  NEWS
Brookfield and its institutional partners have lobbed a bid to acquire a 53% majority stake in French renewable energy company Neoen from current owners, including Impala, the investment vehicle of French entrepreneur Jacques Veyrat and his family ...