Prime Minister Malcolm Turnbull has committed to double government spending on clean energy R&D, but has ignored a New Zealand-led campaign against fossil fuel subsidies.
The leaders of the World Business Council for Sustainable Development and the Global Reporting Initiative will be in Sydney next month to explain the business implications of the Paris climate talks and the new UN Sustainable Development Goals.
If the world acts to keep warming below two degrees, average international carbon prices are likely to be between US$50 and US$80 a tonne by 2030, says a new analysis from BHP Billiton.
BP has acceded to shareholder demands for greater disclosure of its carbon risks, while an Australian super fund has backed efforts to secure a US investigation of reporting by Chevron and ExxonMobil.
Shell's attempts to explain its membership of industry associations that seek to stymie action on climate change are unconvincing, says a statement by external experts included in the company's new sustainability report.
BHP Billiton's demerger would parcel many of its coal assets into the proposed South32 spin-off, and the resources giant concedes that action to combat climate change might reduce their value.
An $850 billion pension fund with major investments in fossil fuels should exclude 'the worst cases of climate offenders', says a landmark report prepared for the Norwegian Government.