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'Unprecedented': Woodside Energy climate plan rejected by investors
24 April 2024Australian oil and gas firm Woodside Energy had its climate transition plan rejected by a majority of shareholders at its annual general meeting (AGM), with investor groups arguing this record-breaking opposition showed its plans remained "insufficient".
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Australian superfunds 'dumping fossil fuel stakes'
19 October 2022Australia's largest superfunds are rapidly selling off stakes in fossil fuel companies, a Market Forces report has found.
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HESTA: Divestment remains last resort for four climate 'watchlist' firms
09 September 2022HESTA said divestment on climate grounds from four energy firms it has warned of intensified engagement is its option of last resort - but remains possible if their response to engagement is "insufficient".
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HESTA warns four energy firms of potential climate-related divestment
06 September 2022HESTA has warned four energy firms they face heightened scrutiny and potential divestment due to their lacklustre decarbonisation strategies, as the Australian pension fund announced a strengthened 2030 decarbonisation target.
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BHP criticised as confirms oil and gas exit with Woodside deal
17 August 2021Pressure has been building on BHP to exit its fossil fuel assets, but its proposed deal to shift its oil and gas assets to Woodside has been criticised - and considered 'disastrous' for Woodside shareholders and the environment. Ahren Lester reports
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BHP could benefit from ESG boost as the miner mulls oil and gas exit
16 August 2021Anglo-Australian mining giant BHP has announced it is considering exiting its oil and gas business, in a move that analysts believe could result in an environmental, social and governance (ESG) re-rating and rising interest from investors.
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S&P warns of oil & gas downgrades amid 'transition risks'
27 January 2021Ratings agency S&P has warned 13 oil and gas companies that they face a credit downgrade within weeks, citing risks associated with the transition to a low-carbon economy and competition from renewables.
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Westpac abandons thermal coal funding in tighter climate policy
04 May 2020Westpac has committed to exit its funding of thermal coal firms by 2030 and to align its financing business to the Paris Agreement, as it launched its updated climate change position statement.
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Outperforming efficiency index steps up hunt for fund
18 November 2015A resource efficiency index that has significantly outperformed mainstream benchmarks since its inception nearly two years ago, has stepped up its search for an asset manager to base a fund on it.