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Showing 81 - 90 of 463 results for "fossil fuel"

UniSuper defends APA stake amid member backlash

ROSE MARY PETRASS  |  WEDNESDAY, 2 OCT 2024  |  NEWS
The super fund has addressed concerns over its investments in listed energy infrastructure group APA following member backlash. More than 1000 UniSuper members have accused the fund of greenwashing for its plans to enable gas fracking in the Beetaloo ...

Industry lobbying weakens nature laws

ROSE MARY PETRASS  |  WEDNESDAY, 18 SEP 2024  |  NEWS
Concerns regarding potential delays in clean energy project approvals and the impact on sector investment by Nature Positive laws are the result of lobbying from mining groups, according to a finance think tank. Negotiations continue in Canberra over ...

Natural gas buyout bulldozes investors: Analysts

ROSE MARY PETRASS  |  THURSDAY, 5 SEP 2024  |  NEWS
... investors did not comment. Alison George, impact and ethics head at Australian Ethical, which excludes Woodside due to its fossil fuel policies, reiterated that the energy company is ignoring investor demands. "The only way to drive change is to withdraw ...

CareSuper ousts ESG policies in merger

ROSE MARY PETRASS  |  WEDNESDAY, 4 SEP 2024  |  NEWS
... reduction in total portfolio carbon footprint by 2030 Exclusions on controversial weapons Exclusions on thermal coal and fossil fuel-related activities The SBO will no longer target investment managers expected to deliver lower carbon emissions than ...

Podcast: Screening and controversies - tobacco, weapons, fossil fuels and more with Julia Leske

THE GREENER WAY  |  TUESDAY, 3 SEP 2024  |  NEWS
When investors want to avoid specific activities in their portfolio - like tobacco, gambling, weapons, fossil fuels, or adult entertainment - they turn to ESG screening. But what happens behind the scenes when fund managers make these crucial decisions? ...

Fossil-fuel engagements require flexibility, not confrontation

ROSE MARY PETRASS  |  MONDAY, 2 SEP 2024  |  NEWS
To move from agenda-setting to results, a dynamic approach is key for company engagement on issues that may take years to solve, according to top sustainability specialists. The finance sector has moved through a stage of agenda-setting in climate ...

Shareholders to pressure supermarkets over seafood sourcing

ROSE MARY PETRASS  |  WEDNESDAY, 28 AUG 2024  |  NEWS
... these rights." Shareholder pressure is one of triggers that led the Commonwealth Bank to recently make changes to its fossil fuel lending, due to the work of Market Forces. SIX is currently also organising several other shareholder activism campaigns ...

CommBank exits fossil fuels as rivals fund Santos

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
The once-largest fossil fuel lender has changed tack to become the first of the big banks to formally cut ties with coal, oil and gas without credible transition plans, ahead of schedule. Last year, Commonwealth Bank announced that from 2025 it would ...

Disorderly transition may spark financial meltdown

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
... may spark a "disorderly transition" to net zero. In a disorderly transition to net zero, global losses from stranded fossil fuel assets could amount to US$2.5 trillion - that is 2.5% of global stock market cap. The 2008 global financial crisis was sparked ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  TUESDAY, 6 AUG 2024  |  NEWS
Mercer Superannuation Australia has been slapped with a whopping $11.3 million penalty by the Federal Court on the back of an ASIC-led greenwashing investigation. Mercer was found to make misleading statements on its website about seven Sustainable ...