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Showing 11 - 20 of 85 results for "Thermal coal"

Vanguard appoints head of ESG product

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2022
... actions on climate have included divesting from companies generate over 10% of their revenue from the extraction of thermal coal, setting the goal that their 50 largest Australian investments set Paris-aligned operational targets by the end of 2021 ...

Fossil fuel divestment bill passes California Senate

JAMIE WILLIAMSON  |  FRIDAY, 27 MAY 2022
... oil, and gas reserves. This bill follows previous legislation passed in 2015 that saw the funds forced to divest thermal coal holdings "because dying industries do not qualify as financially responsible investments". It would also align the funds' ...

Australia imposes further sanctions on Russia

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
... to $116 million. In addition, Australia has supplied $65 million of humanitarian assistance, and 70,000 tonnes of thermal coal to meet Ukraine's energy needs (though the coal has not yet been delivered and delivery may prove challenging). In response ...

CalPERS, CalSTRS face fossil fuels ban

JAMIE WILLIAMSON  |  MONDAY, 21 FEB 2022
... in New York and Maine. This bill follows previous legislation passed in 2015 that saw the funds forced to divest thermal coal holdings "because dying industries do not qualify as financially responsible investments". It would also align the funds' investment ...

Fidelity launches active ETF

KARREN VERGARA  |  MONDAY, 13 DEC 2021
... L'Oreal and Taiwan Semiconductor. The fund excludes investing in companies involved in tobacco, semi-automatic weapons, thermal coal, and controversial weapons. Fidelity recently launched a climate investing policy with a rating scheme in a bid to halve ...

Aware Super progresses net zero efforts

ANNABELLE DICKSON  |  MONDAY, 15 NOV 2021
... community but also delivers better retirement outcomes for our members." In the last 12 months, Aware Super divested from thermal coal mining and achieved a 45% reduction in emissions in its listed equities portfolio, while maintaining returns for members. ...

NAB posts bumper profit

ANNABELLE DICKSON  |  TUESDAY, 9 NOV 2021
... oil extraction projects or onboard new customers with a predominant focus on oil extraction. NAB has also capped thermal coal mining exposures at 2019 levels and will reduce these exposures by 50% by 30 September 2026, with the aim of zero by 2030. Market ...

Governments must act on net zero: Morningstar

ANNABELLE DICKSON  |  WEDNESDAY, 3 NOV 2021
... price on carbon, requiring mandatory TCFD reporting, removing fossil fuel subsidies and leading the phase-out of thermal coal for electricity generation. "Globally, asset managers and the broader industry have already committed to addressing climate ...

Fidelity moves on net zero

ANNABELLE DICKSON  |  WEDNESDAY, 27 OCT 2021
... portfolio emission goals," Tan said. Further to this, the asset manager has committed to phasing out its exposure to thermal coal in OECD countries by 2030 and 2040 globally.

Rest firms up net zero pathway

ELIZABETH MCARTHUR  |  THURSDAY, 21 OCT 2021
... 205. By the end of this year, it plans to divest from all listed companies that derive more than 10% of revenue from thermal coal, with the caveat "unless the company has a credible net zero by 2050 plan or science-based targets". "We will advocate for ...