Hints and tips:
...Big oil groups have also joined the lobbying effort, with BP and Woodside Energy among fossil fuel companies that recently wrote to the government to “act prudently” in its guidance....
...In December, 11 states also sued the EPA over handing tribes veto power over new energy projects, although last month a federal judge denied their request for a preliminary injunction....
...Hot on the heels of Brookfield’s failed $13bn tilt at energy provider Origin — a deal no one is willing to call time on just yet — two of the country’s largest oil and gas groups, Woodside and Santos, fired...
...The exclusions will also apply to fixed income funds, potentially precipitating a sell-off in the bonds of energy companies....
...Son 11 years ago paid a record $117.5mn for the Woodside estate to buy the residence from Tully Friedman, co-founder of private equity group Hellman & Friedman....
...Financials, consumer staples and energy are favoured in value strategies,” he said....
...The funds’ muted inflows may be due to global macroeconomic pressures, including the ongoing energy crisis and anxiety around the possibility of a recession, Morningstar’s analysis suggests....
...Woodside Petroleum completed a merger with BHP’s oil and gas business this year, while Santos merged with rival Oil Search in a A$21bn deal last year....
...A version of this article was first published by Nikkei Asia on March 23, 2023. ©2023 Nikkei Inc. All rights reserved....
...The $19.7bn iShares ESG Aware MSCI USA ETF accounted for $1.8bn of those outflows. Overall, the fund bled $318mn last year, separate Morningstar data shows....
....* Here’s a table from Domino Pizza, Inc’s latest DEF14A filing with the SEC, from March last year, capturing executive compensation during 2021: And here’s the bit that involves pizza: Perhaps the real...
...The MSCI ACWI returned 8.48 per cent annualised in the 10 years to the end of 2023, while the MSCI USA index returned 11.98 per cent....
...BlackRock’s ESG Aware MSCI USA ETF, alone, has $24bn of assets under management, Morningstar reports....
...The commission alleged that between 2008 and 2010, the employees at CME’s Nymex energy and metals exchange disclosed confidential details of trading in crude oil and natural gas options to a broker named...
...While engaging in this redesign, BMW is also cutting carbon less visibly: its assembly lines replaced high-energy compressed air tools with electric ones; it recycles aluminium castoffs from parts production...
...The trade group, which counts Krispy Kreme, Bimbo Bakeries USA and Pepperidge Farm as members, recently met officials at the US Environmental Protection Agency to urge lower federal mandates for biofuels...
...While ETFs tracking the S&P Global Clean Energy Index received an A+ score from TrackInsight, others, such as those replicating the MSCI USA Extended ESG Focus index, were given a C+ (D is the lowest score...
...Companies in the ETFs are graded on a “carbon transition readiness” score that reflects their reliance on energy production, clean technology, energy, waste and water management....
...BlackRock’s backing came after it was lambasted for voting against two landmark environmental resolutions at Australian oil companies Woodside and Santos earlier this year, despite chief executive Larry...
...In mid-November, oil stocks at Cushing had again climbed to almost 62m barrels, according to the Energy Information Administration....
...BlackRock was criticised this year for failing to support several climate-change resolutions, including at Santos and Woodside Energy, the Australian oil companies....
...BlackRock’s iShares ESG Aware MSCI USA has the largest exposure in dollar-terms, with approximately $283m, about 2 per cent of its assets under management....
...This is evident in a scathing critique in USA Today, written by Tariq Fancy, a former head of sustainable investing at BlackRock....
...But campaigners argued the asset manager was paying lip service to tackling climate change after it voted against resolutions calling for Woodside Energy and Santos to set targets in line with the Paris...
...In addition, the Washington, DC-based agency would set limits on energy and metals contracts only during the final three days before they expire — abandoning an earlier effort to cap holdings in any contract...
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