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Brookfield-led consortium to acquire Australian power generator
27 March 2023A consortium of Brookfield Renewable Partners, GIC, Temasek and MidOcean Energy, have agreed to acquire Australia's largest integrated power generator, Origin Energy, for AUD18.7 billion ($12.4 billion).
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HESTA: Divestment remains last resort for four climate 'watchlist' firms
09 September 2022HESTA said divestment on climate grounds from four energy firms it has warned of intensified engagement is its option of last resort - but remains possible if their response to engagement is "insufficient".
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HESTA warns four energy firms of potential climate-related divestment
06 September 2022HESTA has warned four energy firms they face heightened scrutiny and potential divestment due to their lacklustre decarbonisation strategies, as the Australian pension fund announced a strengthened 2030 decarbonisation target.
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Australian gas company shareholders demand Paris Agreement alignment
19 August 2021Shareholders at Origin Energy have demanded the largest supplier of gas and electricity in Australia align its capital expenditure with the Paris Agreement
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Westpac abandons thermal coal funding in tighter climate policy
04 May 2020Westpac has committed to exit its funding of thermal coal firms by 2030 and to align its financing business to the Paris Agreement, as it launched its updated climate change position statement.
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Giant Australian wind projects get dual financing boost
22 December 2017A pair of onshore wind farms in Australia with a combined 959MW of planned capacity have agreed financing deals with a host of major banks and telecommunications companies.
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Energy company challenged on TCFD disclosures
23 August 2017Origin Energy, the largest supplier of gas and electricity in Australia, is facing a demand from shareholders that it implements the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
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AGL Energy launches A$3bn renewables fund
10 February 2016Just a week after it exited the gas sector, Australia's AGL Energy announced plans to launch an A$3 billion ($2.1 billion) renewables fund, as part of its strategy to realign to a "cleaner future".