NAB hauled over the coals at its 2018 AGM

NAB was forced to lay bare its contradictory climate and environmental, social and governance (ESG) policies highlighting the vast discrepancy between what the bank says, and what it does during question-time at its annual general meeting (AGM) in Melbourne.

Westpac makes no apology for continuing to back dirty coal

12 December 2018 Westpac’s hypocrisy – their statements on climate against the reality of their loan book – was a major theme at the big four bank’s annual general meeting today in Perth. And despite supporting the 2015 Paris climate agreement Westpac’s board made no apology for continuing to lend … Read More

Climate change – low priority for Cooper Energy

8 November 2018 Cooper Energy – an Australian gas and oil exploration and production company – was questioned at its annual general meeting (AGM) today about how climate change would affect its business. Oil and gas companies are clearly vulnerable to the impacts of climate change, including global policy decisions … Read More

CommBank: All talk, still no walk on fossil fuel finance

Brisbane, 7 November 2018 At today’s Commonwealth Bank annual general meeting (AGM), chairwoman Catherine Livingstone told shareholders she believed it was unlikely the bank would finance any new ‘greenfield’ fossil fuels proposals. Such projects include coal mines, oil and gas fields, and fossil fuel infrastructure built on completely new sites. “It’s … Read More

WIN! Standard Chartered rules out new coal…. everywhere!

25 September 2018 Standard Chartered bank today updated its policy on lending to power generation, ruling out new coal power plants anywhere in the world. It confirmed the bank would no longer directly finance “any new coal-fired power plant projects, including expansions, in any location”. This marks a massive shift … Read More