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Showing 11 - 20 of 355 results for "fossil fuel"

Australian Ethical grants $500k to climate solutions

ROSE MARY PETRASS  |  WEDNESDAY, 24 JAN 2024  |  NEWS
... transition to renewable energy. Additionally, the Environmental Defenders Office will use its grant towards monitoring fossil fuel projects in the Australian regulatory pipeline, and providing the public with legal resources to take effective action. ...

Shell shareholders worth €4tr to vote for Paris

ROSE MARY PETRASS  |  MONDAY, 22 JAN 2024  |  NEWS
... Crossman commented: "With 2023 being the warmest year on record, and COP28 signaling 'the beginning of the end of the fossil fuel era' we are more aware than ever that climate change will create winners and losers. We hope to create incentives for senior ...

BlackRock admits stakeholder pressure on ESG a risk

ROSE MARY PETRASS  |  THURSDAY, 18 JAN 2024  |  NEWS
For the first time in its quarterly earnings report, BlackRock identified stakeholder pressure on ESG and AI as risk factors that may influence returns. In its earnings release published on Friday, the firm warned that "increasing focus from stakeholders ...

$200m social housing catalyst for clean energy sector

ROSE MARY PETRASS  |  WEDNESDAY, 17 JAN 2024  |  NEWS
... renewable electricity is an important part of building a clean energy system that works for people, not multinational fossil fuel corporations. Millions of households around Australia are already seeing the benefits so it's essential renters, people ...

Paris overshoot: are investors prepared?

ROSE MARY PETRASS  |  FRIDAY, 12 JAN 2024  |  NEWS
In the face of projections that 2024 is set to surpass the 1.5°C Paris Agreement threshold, experts are concerned that investors are unprepared for the escalating risks associated with climate change. Investors navigate these risks by employing models ...

Report reveals progress on green finance

ROSE MARY PETRASS  |  WEDNESDAY, 10 JAN 2024  |  NEWS
Current financial regulations and central banking activities have an outsized focus on climate, and neglect broader impacts such as biodiversity loss and its effects on communities who rely on nature for their livelihoods. While progress has been made ...

Northern Trust pulled up for greenwashing

ROSE MARY PETRASS  |  THURSDAY, 21 DEC 2023  |  NEWS
... excluded by MSCI. The three companies are DTE Energy, NiSource, and Power Assets Holding. US-based DTE Energy has a fossil fuel mix of 68.58%. NiSource, another US-based energy company, relied on fossil fuels for 95% of its energy as of the latest available ...

COP28 key outcomes: what it means for finance

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
... agreement for the first time calls on nations to "transition away" from fossil fuels - but does not explicitly call for a fossil fuel "phase out." The first UN Global Stocktake on climate has resulted in "imperfect" momentum on fossil fuels, renewable ...

COP28: "Weak" Global Stocktake slammed

ROSE MARY PETRASS  |  TUESDAY, 12 DEC 2023  |  NEWS
... fourth draft of the Global Stocktake (GST) text, updated on Monday, does not give a clear pathway or strong ambition on fossil fuel phaseout and energy sector decarbonisation. The GST is the first five-yearly checkpoint on the efforts by countries around ...

Finance realignment urged as nature-positive trails 30:1

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
... many countries committing to reduce nature harms. The report found this was primarily driven by fiscal support for fossil fuel consumption. The report highlights the sizeable investment potential of nature-based solutions and the potential to reduce ...