Business
Climate activists threaten gas ambitions – The Australian Financial Review
A watershed week underscoring climate risks for oil and gas multinationals has heightened doubts around multi-billion dollar new projects and the investments needed…
That calls into doubt the sort of large new developments required to support the federal governments gas-led recovery, including in major new provinces such as the Beetaloo Basin in the Northern Territory.
Investors are clearly saying that fossil fuel companies need to produce business plans that are aligned with 1.5 degrees, Mark Campanale, executive chairman of London-based think tank Carbon Tracker Initiative, said of the appointment to Exxons board of two directors nominated by activist investor…
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