The Challenger small caps fund sold down its shareholding in IWL last week from 7.43 per cent to 6.33 per cent.
The latest move, announced to the ASX last week, caps off a busy month for Challenger, which included 10 other changes to its substantial shareholdings in various companies – seven decreases and three increases. In its presentation to institutions last month, IWL noted Challenger was one of its major institutional supporters and said it owned 8 per cent of the company. IWL also confirmed Susan Thomas as its new independent non-executive director last week, replacing Colin Scully who recently resigned the post.
Carbon capture and storage (CCS) is being promoted by the mining lobby as one of the keys to a net zero economy. But should asset owners and managers be setting much store by what fossil fuel companies say on the matter, and is the campaign backed by science?
Russell BakerDecember 1, 2023
