AGL ties bonuses to emissions cuts

AGL Energy, Australia’s biggest carbon emitter, will partly link executive long term bonuses to emissions cuts as part of a new climate action plan announced on Tuesday. The move makes AGL the first of Australia’s major polluters, including miners and gas...

Qantas job cuts and its COVID-19 strategy

QANTAS DRAWS UP NEW PLAN TO DEAL WITH COVID-19 IMPACTS IMPACT ON THE QANTAS WORKFORCE: * Some 6,000 jobs to be cut from the group’s 29,000 workforce, equivalent to 20.7 per cent. * Separate to the job losses, 15,000 staff will remain stood down without pay, on...

Oil boosted by OPEC+ cuts despite virus

Oil prices finished last week higher but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could stall the United States’ economic rebound. Crude benchmarks followed other assets lower, pulling back from session...

Oil higher but doubts emerge on OPEC cuts

Oil ended slightly higher overnight but remained below the session’s early highs of above $US40 a barrel, the highest since March, retreating as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies to cut...

Oil steady; possible output cuts support

Oil futures steadied overnight as rising US-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were close to a deal extending output cuts. Brent futures rose 48 US cents, or 1.3 per cent, to settle at $US38.32 a barrel. US...