Climate change

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”.

The Environmental Defenders Office has lodged a complaint with ASIC on behalf of a member of UniSuper, accusing the Australian superannuation fund of greenwashing its products by mislabelling them as ‘sustainable’. 

Investment and advisory firm Pollination Group has poached a leading climate lawyer who led MinterEllison's global climate practice group to bolster its offering of cutting edge advice on the transition to net zero.