Mineral Resources pursues pathway out of line with 1.5°C

The Mineral Resource board made it clear at yesterday’s annual general meeting (AGM) that they would continue to pursue dirty oil and gas development despite their peer Fortescue Metals announcing a major move into renewable energy and green hydrogen.  Mineral Resources is a  lithium and iron ore mining company with … Read More

BlueScope Steel lagging on emission reduction targets

BlueScope Steel, the multinational steel-making corporation, is one of Australia’s major consumers of energy. The company requires large amounts of energy to be able to create steel via its smelting, furnace and production operations and is one of the top 20 energy users in Australia.  At today’s annual general meeting, … Read More

Climate scepticism remains at the top of AMP

Last week in the USA, JPMorgan Chase announced the demotion of former Exxon CEO and architect of climate denial, Lee Raymond, from his previous lead director role. Yet in Australia, the head of AMP David Murray stays in his position of chairman despite having previously disputed the science of climate … Read More

Westpac: a laggard on climate change

12 December 2019 Westpac’s board knew they would be facing fired-up shareholders at today’s annual general meeting (AGM) but perhaps weren’t prepared to bear the weight of responsibility for the impacts on communities and customers fighting the climate crisis.  Amid its recent scandals, the board was forced to address the … Read More

Oil and gas still a major focus for Karoon Energy

An offshore oil rig

29 November 2019 Karoon Energy has been given plenty of opportunities to provide a credible and evidence-based climate risk management plan, but continues to shirk this responsibility to its shareholders. At Karoon’s 2018 AGM, CEO Robert Hosking claimed “We are at heart environmentalists”. But when asked by shareholders to provide … Read More

Senex: company statements on the Paris Agreement are hollow

SENEX field

18 November 2019 Senex, an Australian oil and gas company, states in its annual report that the company “recognises and accepts the science of climate change and fully supports the objectives of limiting global temperate rise as agreed by governments in the 2015 Paris Agreement.”  It seems, however, from the … Read More

Prairie Mining directors still failing to meet legal obligations

Coal feeder

November 18, 2019 Last year, Prairie Mining Ltd chair Ian Middlemas was singled out by the Guardian as a director that may be struggling to understand his legal obligation to consider the risks that climate change poses to the business. Middlemas’ statements at Prairie Mining’s 2018 annual general meeting showed … Read More

Shareholder revolt sees LNG Limited’s Chairman ousted

15 November 2019 LNG Limited shareholders are clearly fed up with the company’s terrible financial performance in recent years, with the company’s share price now sitting at less than 5% of its 2015 peak. Huge protest votes were cast by LNG Limited shareholders regarding all items of business at the … Read More

BHP commits to reaching net-zero emissions by 2050

7 November, 2019 BHP Chair Ken MacKenzie has publicly applauded the European Commission’s proposal to achieve net-zero emissions by 2050. However, until now it has been unclear as to whether BHP will adopt the same goals. This appears to have resolved at today’s annual general meeting in Sydney, where a … Read More