Barnaby Joyce says there is a “dangerous” downward trend in the Nationals’ political donations, warning his colleagues “you’re not going to be able to run a political party on lamington drives”. The former Nationals leader made the comments in response to a Guardian Australia analysis of the 2019-20 financial returns, showing across its state and federal branches the junior Coalition partner banked just five large donations. The analysis found.
Unisuper s John Pearce isn t buying renewable energy
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Unisuper s chief investment officer, John Pearce, says he is wary of the renewable energy investment boom and will be targeting other low carbon investments as he steers the fund towards a net zero portfolio.
Mr Pearce said he needs no convincing that the world must, and will, decarbonise. The $90 billion super fund he manages on behalf of Australia s university employees has become a vocal and active promoter of low carbon investment.
The renewable energy sector s upstream projects are the best investment option, says UniSuper chief investment officer John Pearce. Copper is a brilliant story. Â
Bank regulators face climate change grilling
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Financial regulators will join banks and insurers in being grilled by a parliamentary committee poised to investigate financial institutions for pulling back on lending and insurance to mining-related businesses because of climate change.
Government and Labor members of the Joint Standing Committee on Trade and Investment Growth on Monday fought over the need for the inquiry that will be led by climate change sceptic, Queensland Liberal National MP George Christensen.
MP George Christensen attends a Go Galilee Basin pro coal mining rally at Mackay, Queensland in 2019.
Dominic Lorrimer
The committee is due to vote on Wednesday on setting up the inquiry and negotiate the potential terms of reference, after a request from the federal Minister for Resources, Water and Northern Australia, Keith Pitt.