Woodside Energy, Australia’s biggest oil and gas company and renowned climate wrecker, held its annual general meeting (AGM) on 23 April. As usual, the company couldn’t escape scrutiny for its dangerous oil and gas expansion plans, from a significant rally outside the...
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Protected: MUFG Bank to stop supporting the Papua LNG Project
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Macquarie closes third dirty fracking deal in less than a year
Macquarie is a critical financial backer of what could be Australia’s next biggest gas development in the heart of Australia’s Northern Territory, the Beetaloo Basin. This directly contradicts the bank’s green credentials and violates its commitments to the goals of...
AustralianSuper re-invests in Whitehaven, claims thermal coal is “important” in energy transition
AustralianSuper is the largest super fund in Australia, managing $367 billion in retirement savings on behalf of more than 3.5 million members. Unfortunately AustralianSuper is now the second-largest shareholder in Whitehaven Coal, which has the biggest coal expansion...
Empire Energy’s gas fracking fantasies
Will the Empire strike out? Empire Energy (which just changed its name to Beetaloo Energy Australia, but will be referred to as Empire Energy throughout this article) has come under fire over the viability of its dangerous fracking operations in the Northern...
Dorothy and Toto deliver brain, heart and backbone to super funds failing on climate
AustralianSuper, HESTA and Hostplus are having trouble telling their climate claims apart from gas industry spin. So our new campaigners Dorothy and Toto delivered these funds some crucial missing parts. Nearly every super fund in Australia invests members’ retirement...
MUFG Shamelessly Backs Papua LNG: Join Us to Stop This Climate and Human Rights Disaster
MUFG, Japan's largest bank and the world’s top LNG financier from 2021 to 2023, has brazenly stepped into the role of financial advisor for the controversial Papua LNG project. This venture, led by Total Energies, ExxonMobil, Santos, and ENEOS (JX Nippon), has already...
UniSuper exits gas pipeline company APA Group
UniSuper, Australia’s fourth largest superannuation fund, has dumped its remaining shares in APA Group. Until recently, UniSuper was APA’s largest shareholder, owning 10% of the company. The fund sold $500 million worth of APA shares in October this year, before...
Will the super funds still holding Whitehaven Coal in 2024 vote for climate action or coal expansion?
As global temperatures rise and climate-fuelled disasters are impacting communities from Austria to Appalachia, it is becoming increasingly difficult to understand the rationale for remaining invested in companies aggressively expanding coal production, such as...
Breaking: CommBank formally walks away from climate wrecking clients
While ANZ, NAB and Westpac gear up to loan hundreds of millions more to one of Australia’s most notorious climate wreckers Australia’s largest bank, the Commonwealth Bank of Australia, made a huge announcement this morning, declaring it has made the decision to...