The Western Australian government will halve port fees for bulk vessels that are powered by LNG instead of fuel oil, as part of efforts to lower carbon emissions on one of the world's major seaborne trade routes.
A shareholder resolution calling for Paris-aligned scope 1, 2 and 3 emissions targets has failed at Rio Tinto's AGM, but by a dramatically smaller margin than previously.
Westpac's new climate action plan sets a deadline for its exit from thermal coal, signals greater scrutiny of other emissions-intensive sectors, and adopts new emissions intensity targets for its electricity generation portfolio.
Woodside shareholders have supported a resolution that would require it to set and disclose targets to reduce scope 1, 2 and 3 greenhouse gas emissions.
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.
The big four banks are all looking at ways to reduce emissions from their investments and lending, with Westpac playing a leading role, a new analysis shows.
ANZ discussed low-carbon transition planning with 29 of its big-emitter customers and found they have plenty of room to improve, the bank's latest climate disclosure report shows.
Origin Energy has unveiled an analysis of how it would fare if the power industry reached net zero emissions in 2045 and has taken issue with its climate critics at today's annual general meeting.
Shareholder resolutions filed today with three banks criticise their loans to companies such as Woodside and Whitehaven Coal, and say their TCFD disclosures are inadequate.