Coal is back in AustralianSuper’s portfolio. What happened to that net zero pledge? pred 18 urami in 59 minutami In 2020 Australia’s biggest super fund dumped its Whitehaven shares. Fast forward to 2026 and it is now the coalminer’s single biggest investorGet our breaking news email, free app or daily news podcastAlmost six years ago, the country’s biggest superannuation fund announced a major policy update: AustralianSuper’s investment portfolio would be subject to a net zero carbon emissions target in line with the Paris agreement.To make the point, the fund dumped its holdings in the large thermal and metallurgical coalminer Whitehaven Coal. Continue reading...(The Guardian)
Fears Queenslanders could be forced to pay for mine cleanup as LNP reviews environmental ‘red tape’ pred 18 urami in 59 minutami Mining minister Dale Last says the state has an ‘enormous opportunity’ to become a global leader in critical mineralsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastQueenslanders are being warned they could be left to pay for the clean up of abandoned mines if rehabilitation laws are weakened, after the state government announced a bid to cut environmental “red tape” for resources companies.The state’s treasurer, David Janetzki, and the mining minister, Dale Last, this week announced a review of a scheme that requires resources companies to provide surety to cover remediation and rehabilitation costs when mines close. Continue reading...(The Guardian)
Iran seeks to tighten control over strait of Hormuz alongside Khamenei funeral pred 19 urami in 9 minutami IRGC warnings force ships to turn back as Tehran uses passages from Qur’an to send messages to Gulf delegationsThe diplomatic and military contest for control of the strait of Hormuz has intensified alongside the dramatic scenes of mourning for the death of Iran’s supreme leader Ali Khamenei, with some claiming Khamenei’s legacy ultimately depends on Tehran’s grip on the waterway, and so the global economy.Over the past 48 hours, as crowds have swirled in Tehran, the Islamic Revolutionary Guard Corps appeared to have started to plug a gaping and growing gap in their monopoly control of the strait. Continue reading...(The Guardian)
Delivery firm Evri sues BBC for £1.2m over Panorama documentary pred 19 urami in 32 minutami Company seeks redress for contracts it says it has lost as a result of programme’s claims about its business practicesThe parcel delivery company Evri is suing the BBC for £1.2m over a documentary it claims caused it serious financial loss.Evri has filed particulars of claim at the high court which state that it lost prospective clients after the broadcast of the Panorama documentary Evri: Where’s my parcel? Continue reading...(The Guardian)
Trump’s $2bn bonanza heralds the rise of political grifters across the west pred 19 urami in 35 minutami With voters embracing leaders who brazenly monetise public office, experts say an ethical code is breaking downDonald Trump came to office in 2017 after decades of bankruptcies and business failures. Yes, he was rich, but his latest financial disclosure, published this week, suggests he will depart billions richer.In the first year of his second term, he made more than $2bn from Trump hotels, Trump golf courses, Trump cryptocurrency, Trump watches, Trump cologne, Trump Bibles and more. Continue reading...(The Guardian)
