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Showing 1 - 10 of 255 results for "oil"

Member accuses UniSuper of greenwashing

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024  |  NEWS
... more than 10% of their reported revenues from fossil fuels, specifically the exploration or production of thermal coal or oil and gas. In a statement, UniSuper said: "Transurban meets the screening criteria applied to investments in the Sustainable Balanced ...

J.P. Morgan vows $2.5 tn for sustainable development

ROSE MARY PETRASS  |  WEDNESDAY, 24 APR 2024  |  NEWS
... reached over $500 million, focusing on affordable housing and SME support in underserved communities. J.P. Morgan aligned its oil and gas target with the International Energy Agency's net zero by 2050 target - by including a greater energy mix. It updated ...

Funding green buildings risks greenwashing accusations

ROSE MARY PETRASS  |  THURSDAY, 18 APR 2024  |  NEWS
... and facilitative finance. It is the only big four bank reportedly without a substantive policy to restrict financing to new oil and gas, CEF says. "Banks need to actively reorient their lending if they are to align their climate rhetoric with their capital ...

Podcast: Divestment, impact, and all that good stuff with Sharon Davis of Future Super

ROSE MARY PETRASS  |  TUESDAY, 16 APR 2024  |  NEWS
... Investments at Future Super, a superfund that invests for a fossil fuel free future. The superannuation firm has no coal, oil and gas holdings, and an ethos rooted in ethical investment with a focus on clean energy and social impact projects. The pair ...

Two new ETFs for Franklin Templeton

KARREN VERGARA  |  MONDAY, 15 APR 2024  |  NEWS
... directly involved in producing controversial weapons, tobacco products, and mining or extracting thermal coal, or extracting oil from tar sands subject to a 10% revenue threshold. The Franklin Australian Absolute Return Bond Fund (FRAR) is an actively ...

Investors fail to vote for climate despite pledges

ROSE MARY PETRASS  |  THURSDAY, 11 APR 2024  |  NEWS
... "Major investors are neglecting to use one of the most important tools at their disposal to mitigate risk by bringing coal, oil and gas companies into line with climate goals." Market Forces' new analysis highlights how all directors of companies failing ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024  |  NEWS
... 74% of the fund's market value. ASIC had alleged investments that should have been screened out included Abu Dhabi Crude Oil Pipeline LLC (ADCOP), Chevron Phillips Chemical Co. LLC, Colonial Pipeline Co, Empresa Nacional del Petróleo SA (ENAP) and ...

Larry Fink letter urges pragmatism

ROSE MARY PETRASS  |  WEDNESDAY, 27 MAR 2024  |  NEWS
... decarbonisation not be achieved without greater flows into energy infrastructure - but also continued investment into traditional (oil and gas-based) energy firms. BlackRock has never supported divesting from fossil fuels. Fink called such companies ...

Deutsche Bank links 33% of long-term bonuses to non-financial targets

ROSE MARY PETRASS  |  WEDNESDAY, 20 MAR 2024  |  NEWS
... reduction targets for carbon-intensive sectors, in line with its net zero pathway. Seven targeted carbon-intensive sectors are oil and gas, power generation, automotive, and steel, coal mining, cement, and shipping. This covers 54% of the bank's financed ...

Execs sceptical of 2050 net zero goal

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
... This figure now stands at 62%. This view was consistent across most regions - and the sector most likely to believe this was oil and gas executives. It is the global scientific consensus that to mitigate the most severe climate impacts, net emissions ...
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