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Showing 81 - 90 of 410 results for "fossil fuel"

COP28 day one recap: US$429m loss and damage fund

ROSE MARY PETRASS  |  FRIDAY, 1 DEC 2023  |  NEWS
... the announcement. However, Greenpeace has stated that the fund doesn't go far enough, and that it is "doomed without fossil fuel phase-out." Tracy Carty, global political expert at Greenpeace International commented: "This agreement is a vital first ...

Loss and damage funds a key consideration for COP28

RACHEL ALEMBAKIS  |  THURSDAY, 23 NOV 2023  |  NEWS
... ambitions. Halpern of JANA noted that she will be keeping an eye out on discussions of eliminating tax subsidies for fossil fuel producers. "There is also a focus on what's going to happen with the phase down of fossil fuels," Halpern said. "That ...

Capacity Investment Scheme expansion to jolt renewable energy

ROSE MARY PETRASS  |  THURSDAY, 23 NOV 2023  |  NEWS
... called on Canberra to amend its 1999 Environment Protection and Biodiversity Conservation Act to ban the development of fossil fuel projects.

Finance eyes $500b green buildings opportunity

ROSE MARY PETRASS  |  THURSDAY, 16 NOV 2023  |  NEWS
... mandatory climate-related disclosures. In 2022 the debt market raised more funds for climate-friendly projects than for fossil fuel companies, signalling a shift towards green debt issuance, a trend expected to continue in 2023. The property sector accounted ...

Preparing for COP28: nature and climate integration

ROSE MARY PETRASS  |  TUESDAY, 14 NOV 2023  |  NEWS
... December 2023 in Dubai. Commentators have expressed concern that COP28 being hosted by the United Arab 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 ...

ASIC considering wider lens for greenwashing focus

RACHEL ALEMBAKIS  |  THURSDAY, 9 NOV 2023  |  NEWS
ASIC is considering widening its greenwashing focus to include net zero statements, use of terms like "carbon neutral" and the scope and application of investment exclusions and screens. "Our enforcement actions in response to concerns of greenwashing ...

ANZ in court over climate and nature risk failure

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
... key to the operations of the bank, and responsibility goes all the way to the Board." ANZ increased its lending to fossil fuel projects in 2022 to $2.6 billion - up from $2 billon in 2021. In contrast, the Commonwealth Bank reduced its lending from $1.3 ...

BlackRock backs world's largest direct air capture plant

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
The world's largest asset manager will invest $550 million to build a direct air capture (DAC) facility in Texas which the energy company developer says will be the world's largest. New York Stock Exchange-listed Occidental Petroleum Corporation says ...

Assessing companies ability to make the low carbon transition

RACHEL ALEMBAKIS  |  MONDAY, 6 NOV 2023  |  NEWS
... carbon economy. Constituent weights are based on five key climate considerations - "company exposure to green revenues, fossil fuel reserves and carbon emissions, as well as companies' climate governance activities (aligned with the Taskforce on ...

Impact investing as greenwashing antidote: T. Rowe Price

RACHEL ALEMBAKIS  |  MONDAY, 6 NOV 2023  |  NEWS
... companies' products and services." The Global Impact Strategy holds 93 companies in the portfolio and because it excludes fossil fuel companies and most materials companies, it has underperformed wider indices, but Balkrishna said it has performed ...