Five great wins from 2016, and five reasons why we need to redouble our efforts

  ANZ cold on funding AdaniNAB's climate change position incompatible with new fossil fuels  More disclosure, more divestmentAdani fails to reach financial close... again  2016 set to be the hottest year on record 2016 set to be the hottest year on record  TrumpAdani's $1 billion subsidy  Our taxes funding coal plants overseasThe big banks still funding ... Read More

Shareholders revolt over ANZ’s climate destruction

Update: 10 am, Saturday 17 December In news breaking this morning, ANZ’s CEO Shayne Elliott told media after the AGM that ANZ’s coal mining exposure was shrinking and he didn’t see a reversal of that trend, effectively ruling out funding for the Adani Carmichael project! Massive! @ANZ_AU CEO Shayne Elliott … Read More

Westpac tests the patience of ethical investors

Westpac’s ‘clean and green’ image was shattered today at their Annual General Meeting (AGM) in Adelaide. It started outside the venue where a group of young people presented Westpac with a ‘climate hypocrite’ award for their bankrolling of dirty fossil fuel projects. The world famous fish ‘Nemo’ also attended to … Read More

Karoon Gas: Reducing our emissions would be a pointless gesture

Karoon Gas held its AGM in Melbourne yesterday, and confirmed it’s business as usual for the oil and gas explorer, despite its stated support for the Paris Agreement to limit global warming to 2°C above pre-industrial temperatures. The company’s responses to shareholder questions around climate risk, potentially stranded assets and its … Read More

Stanmore Coal: Failing to plan or planning to fail?

Stanmore Coal owns and operates nine coal mining projects in Queensland, including open cut and underground mines, as well as a number of projects in development. Like most pure play fossil fuel companies, Stanmore is in denial about the future of coal in the wake of the Paris Agreement. If the … Read More

IOOF deflect on climate risk

How to Switch Banks and Make it Count

IOOF is an investment management and financial services company listed in the ASX 100, administering over $130 billion on behalf of its clients. The company offers retail superannuation products, which currently boast almost half a million members. Despite very limited disclosure of portfolio holdings, we know IOOF invests its members’ retirement savings … Read More

New Hope Group: bravely struggling against reality

Queensland coal miner New Hope Group owns the New Acland, West Moreton and Bengalla coal mines. As a pure-play coal miner that’s currently trying to expand its Acland operations, New Hope’s current business model is completely out of step with global efforts to curb carbon emissions to reign in dangerous … Read More

BHP’s Minerals Council membership touches a nerve

With operations in over 25 countries, BHP Billiton is one of the world’s largest mining companies. Two years ago the company was rated one of the top twenty most carbon polluting companies. The mining giant has also been involved in several environmental disasters such as the Ok Tedi mine disaster … Read More

AWE & Senex Energy: in deep denial

Shareholders of AWE Ltd and Senex Energy Ltd gathered for their Annual General Meetings today, in Sydney and Brisbane respectively. While it’s a coincidence that their AGMs were held on the same day, there are a number of similarities between the two companies. Both are mid-cap upstream oil and gas … Read More