Super funds undermining climate commitments

29 November 2021 Our super funds have had a number of critical opportunities to force companies they invest in to step up on climate action over the past couple of months. Yet our new analysis finds they’ve been squandering these opportunities by voting against climate action. With more crucial climate … Read More

Oil and gas producers fail to accept net zero means no expansion

15 November 2021 Australia’s oil and gas exploration and production companies are being challenged by shareholders over the incompatibility of their expansions plans with global climate goals. With a number of these companies having held their AGMs recently, a recurring theme to shareholder questioning has been the International Energy Agency’s … Read More

Global Infrastructure Partners to light the fuse on Woodside’s carbon bomb

15 November 2021 US-headquartered Global Infrastructure Partners (GIP) has entered into a purchase agreement for a 49% stake in Woodside’s planned Pluto Train 2 LNG project.  Woodside says the deal is a significant milestone towards a final investment decision on the Scarborough-Pluto 2 development project. It is estimated the project, … Read More

Shareholders call for true climate leadership from BHP

Updated 9am, 12 November 2021 A total of 14.2% of BHP Group’s investors have defied the board to demand the company responsibly wind up its fossil fuel production assets in line with its stated support for net zero emissions by 2050. This morning’s ASX announcement of the combined votes for … Read More

South32 challenged over scope 3 emissions, coal mine plans

28 October 2021 Over the last year, diversified miner South32 has set a target to halve its operational (scope 1 and 2) emissions by 2035 and reach net zero by 2050. However, as a significant metallurgical coal producer, the scope 3 emissions (mostly those generated from the use of South32’s … Read More