The federal government has announced its plan to reduce emissions by between 62 and 70 per cent on 2005 levels by 2035, a target the Climate Council has described as “timid”.
Australian Retirement Trust, a superannuation fund which manages over $350 billion in retirement savings, will sink nearly $1 billion into a Macquarie fund that’s investing in solar, wind and energy storage projects.
Climate investment firm Wollemi Capital has closed the acquisition of MPower, a transaction that will pave the way for a $100 million pipeline of renewable energy projects.
Woodside’s North West Shelf gas project will be extended until 2070, after receiving approval from the environment minister.
Woodside’s North West Shelf gas project looks set to be extended until 2070, with Prime Minister Anthony Albanese signalling the federal government’s approval was a sure thing.
ASIC has proposed that companies be required to disclose the basis for any forward-looking statements concerning climate, as part of new reporting obligations set to take effect next year.
Trial has been set for next May in a case by Australian parents that accuses EnergyAustralia of engaging in misleading conduct in promoting a “carbon neutral” program, a case that puts carbon offset credits under scrutiny.
A law firm that has gone after major banks and the federal government over their climate exposure has trained its sight on the National Australia Bank.
A shareholder has dropped her case against ANZ over concerns it was failing to properly manage climate change risk, after the bank publicly committed to treating it as a key risk, later revealing it would stop providing project finance to new or expanded oil and gas projects.
The Chief Justice of the NSW Supreme Court has expressed concerns about a “slide in public respect” for institutions such as the court and the creeping phenomenon of “truth decay”.