Australia weakens commitment to climate accord after government fractures

By Colin Packham and Erin Cooper SYDNEY, Aug 20 : Australian Prime Minister Malcolm Turnbull on Monday stripped requirements for reducing greenhouse emissions from his centrepiece energy policy in the face of political opposition, although the country remains a signatory to the Paris Agreement. While stopping short of following the lead of U.S. President Donald […]

Australia weakens commitment to climate accord after government fractures

By Colin Packham and Erin Cooper SYDNEY, Aug 20 : Australian Prime Minister Malcolm Turnbull on Monday stripped requirements for reducing greenhouse emissions from his centrepiece energy policy in the face of political opposition, although the country remains a signatory to the Paris Agreement. While stopping short of following the lead of US President Donald […]

Australia waters down commitment to climate accord amid domestic political fight

By Colin Packham and Erin Cooper SYDNEY, Aug 20 : Australian Prime Minister Malcolm Turnbull on Monday stripped requirements for reducing greenhouse emissions from his centrepiece energy policy in the face of political opposition, although the country remains a signatory to the Paris Agreement. The National Energy Guarantee had mandated that greenhouse emissions from its […]

Some Australian pension funds may be derelict in duty, inquiry hears

By Paulina Duran SYDNEY, Aug 17 : Some of the firms that manage funds within Australia’s A$2.6 trillion ($1.9 billion) pension system may not be complying with their legal duty to put the interests of customers ahead of their own, a powerful inquiry into financial misconduct heard. Over the past two weeks, the Royal Commission […]

Waterbomber pilot killed fighting Australian wildfires

By Erin Cooper SYDNEY, Aug 17 : A helicopter pilot died on Friday when his aircraft crashed while waterbombing rare winter bushfires in Australia that have swept across its drought-stricken southeast, police said. About 75 fires are burning across New South Wales state, fanned by dry conditions that prompted authorities to declare a drought across […]

Australian regulators grilled on financial misconduct

By Paulina Duran SYDNEY, Aug 17 : Australia’s top financial regulators took to the stand at an inquiry into financial-sector misconduct on Friday to defend their low-key enforcement of laws designed to protect the country’s A$2.6 trillion ($1.9 trillion) pension system. Under questioning at the Royal Commission of inquiry, the Australian Prudential Regulation Authority (APRA) […]