By Will van de Pol, CEO, Market Forces Australia’s largest oil and gas company Woodside is under fire and the company’s Chair, Richard Goyder is in damage control ahead of crucial votes by investors at the annual general meeting (AGM) this week. Mr Goyder is up for...
Southeast asian banks must dump Indonesian coal
Profusion of standards has allowed companies to obscure potential financial impact
Super funds are (so far) failing to vote for greater climate action this year
Some super funds have started disclosing how they voted at Santos’ annual general meeting (AGM) last week. The bad news is that several of these funds are wallowing in greenwash and failing to increase pressure on Santos to end its climate-wrecking oil and gas growth...
Meet the new bank of choice for Australian coal miners – Jefferies Group
28 March 2024 Today is the annual general meeting of Jefferies Group, one of Whitehaven Coal’s most recent bankers. In the last few years, Jefferies has come up as a new bank of choice for other Australian coal companies in Australia. We first took note of the...
Big coalition of civil society organisations put AustralianSuper on notice
Today, AustralianSuper received a strong message from a big coalition of climate, environment and other civil society organisations, urging the fund to live up to its climate commitments and push for an end to Woodside’s reckless oil and gas expansion plans. The...
TotalEnergies(トタルエナジーズ )の主要銀行がパプアLNGへの資金提供拒否
ヨーロッパ第3位の銀行である Crédit Agricole(クレディ・アグリコル)は、先週 TotalEnergies(トタルエナジーズ )に対して大きな打撃を与え、トタルエナジーズが提案しているパプア液化天然ガスプロジェクト(パプア LNG)への資金提供をしないと宣言しました。...
TotalEnergies’ bankers deliver major blow to Papua LNG carbon bomb
Crédit Agricole, Europe’s third largest bank, has delivered a major blow to TotalEnergies this week, declaring it will not finance Total’s proposed Papua Liquefied Natural Gas project (Papua LNG). Despite being the financial advisor to the project, and one of...
Japan should lead the way on disclosure of climate risk
Profusion of standards has allowed companies to obscure potential financial impact
Will the funders of Santos’ Barossa project live up to their human rights commitments?
29 January 2023 Australia’s second biggest gas company, Santos, is able to proceed with its $5.7 billion offshore Barossa gas project, following a Federal Court decision earlier this month. Barossa is located in the Timor Sea north of Darwin and the Tiwi...
Big four banks make strides, but action still dangerously slow in a climate emergency
16 November 2023 All big four Australian banks have now released updated fossil fuel finance restrictions this year that have, to varying degrees, moved the dial on what they can’t finance going forward. But, like everything with the banks – the devil is in the...