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Showing 171 - 180 of 1063 results for "coal"

CSC pivots towards divestment

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 MAR 2021
... Superannuation Corporation's annual general meeting yesterday, the $50 billion government fund revealed it has divested pure-play coal. CSC chief investment officer Alison Tarditi revealed for the first time that the fund has divested companies like ...

UK pension fund fossil fuel investments laid bare

JAMIE WILLIAMSON  |  THURSDAY, 25 FEB 2021
... invest about 5% of their total pension fund. About 72% of the investment is indirect, done so by external investment managers. Coal accounts for about 34% of fossil fuel investments, while gas accounts for 66%. The analysis, which only looks at the 200 ...

Woodside results vindicate divestment argument: Activists

ELIZABETH MCARTHUR  |  FRIDAY, 19 FEB 2021
... AustralianSuper, Aware Super, HESTA, Rest and Cbus - all of which have committed to reach net zero by 2050 and/or divest thermal coal. The results were preceded by criticism from the Environmental Defenders Office (EDO), which released a legal analysis ...

Australia sweeps pension market rankings

KARREN VERGARA  |  TUESDAY, 16 FEB 2021
Australia is the most successful pension system among developed countries, according to Wills Towers Watson. The firm's Thinking Ahead Institute 2021 Global Pension Assets Study said Australia's thriving pension system boasts an 11.3% per annum ...

Super funds bow to divestment pressure

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
... divestment. These companies included the likes of Woodside Petroleum, BHP, Santos, Washington H Soul Pattinson, Whitehaven Coal and Oil Search. "Despite this recent progress, the majority of Out of Line companies continue to enjoy the financial backing ...

Iron Man launches VC funds

KARREN VERGARA  |  TUESDAY, 2 FEB 2021
Actor Robert Downey Jr has launched two venture capital funds that invest in technological solutions that tackle environmental challenges. FootPrint Coalition Ventures comprises two funds - an early-stage Series A and late-stage Series B - led by Downey ...

Super fund ESG targets lack clarity: ACCR

RACHEL ALEMBAKIS  |  MONDAY, 1 FEB 2021
... reduce emissions in the real economy as an active owner. Of the superannuation funds that announced divestment from thermal coal companies in 2020, none publicly declared their intentions prior to divestment, ACCR said. Divestment can serve as a signal ...

Hostplus called out on climate change

ELIZABETH MCARTHUR  |  FRIDAY, 22 JAN 2021
... the risk of climate change. AustralianSuper, Aware Super, UniSuper and HESTA all recently committed to divesting thermal coal (some only in active strategies and some only if thermal coal contributes to a certain percentage of company revenue). In fact ...

Australia in China's shadow

BENJAMIN ONG  |  WEDNESDAY, 16 DEC 2020
... recent "art of convincing" is a "lose-lose" position (China's top economic planner has approved power plants to import coal without clearance restrictions from several countries "EXCEPT those from Australia) rings hollow. Look Oz, we're continuing ...

Chief economist update: East and west at crossroads

BENJAMIN ONG  |  TUESDAY, 15 DEC 2020
China has continued to tighten the screws on Australia after formally banning the importation of Australian coal. The reason, or reasons, are immaterial. Beijing could dig up a number of justifications for its most recent diktat the same way it did ...