Fewer ASX200 companies are concerned about carbon price risk and more are taking action on energy efficiency, says a new Carbon Disclosure Project analysis that praises companies including Qantas, Virgin Australia, Wesfarmers and Woolworths for improved information sharing practices.
Investors have cautioned that companies will need to explain their intent in funding carbon price campaigns and have warned that any difference between corporate rhetoric and actions will trigger 'alarm bells'.
What to look for in web-based carbon accounting tools; Greenpeace tallies coal investments by big four banks; and U.S. provides half a million in funding for Global CCS Institute.
In an Australian first, investors will put resolutions to the AGMs of Woodside and three other ASX-listed companies demanding that they reveal details of their greenhouse gas emissions and carbon policies, with 'sustainability provocateur' Paul Gilding saying businesses won't act on climate change unless investors – or governments – force them into it.
Economic modelling for the ACTU and the Australian Conservation Foundation concludes Australia would do better with a price on carbon and no imports of international carbon credits.
The Greens have today written to Prime Minister Kevin Rudd seeking Parliamentary debate of their fixed-price carbon proposal, with organisations including WWF, ACF and Greenpeace voicing their support.
Oil and gas companies should disclose the climate research and advocacy organisations they fund and their 'strategic goals' for that funding, say new guidelines prepared by an international investor alliance.
As the Opposition joint partyroom meeting reconvenes for further battle, the Australian Aluminium Council has thown its weight behind passing the bills with the proposed amendments, as has WWF.
In a market where coking coal is forecast to sell for about $200 per tonne and thermal coal for $80 in 2010-11, most coal mines will face a carbon cost of only 80 cents to $1.60 per tonne if they remain liable under the CPRS, according to a Citi analysis.