A fund managing more than A$136 billion has announced it has divested from five companies because their climate change lobbying conflicts with climate science.
Businesses should be prepared for a rapid increase in TCFD analysis of their climate risk exposure commissioned by third parties such as investors, business customers and climate activists, says leading advisor Dr Karl Mallon of consultancy XDI.
It will take decades to create ground-stabilising lakes in the Latrobe Valley's three brown coal mine pits, partly because river inflows have declined, according to a new report.
Commbank today set a deadline to cease financing all thermal coal production and power generation and warned that agricultural productivity could plunge without action to adapt to climate change.