29 October 2019 One of Australia's biggest iron ore miners is falling behind its peers when it comes to managing the risks posed by its emissions-intensive value chain. Earlier this year, Fortescue Metals Group CEO Elizabeth Gaines said scope 3 emissions should not be...
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South32 lagging on climate plans
24 October 2019 South32's failure to bring forward emission reduction plans and commit to addressing downstream emissions leaves the company behind its big mining peers. Diversified miner South32 today confirmed it won't be updating its emission reduction plans and...
APA’s gas pipe dreams A-OK with investors
24 October 2019 Australia's biggest gas pipeline company's plans for gas expansion are inconsistent with the climate goals of the Paris Agreement. But investors don't seem to care. With gas use for primary energy expected to fall to 25% by 2030 under a 1.5°C warming...
Worley rules out Adani, but fossil fuels still on the agenda
21 October 2019 After years of pressure, Worley has finally confirmed it "has no intention" of working on the Adani Carmichael coal mine project. Engineering firm Worley was previously engaged to provide the design and construction of Adani's original railway plan to...
Whitehaven Coal pins hopes to catastrophic 4°C scenario
17 October 2019 Australia's biggest dedicated coal miner, Whitehaven Coal, went to great lengths to talk up the prospects of demand growth for its product at the company's annual general meeting in Sydney today. What the Whitehaven board failed to mention, however,...
Super funds still obstructing climate action
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text style="font-size:large;"]Over the past few weeks, your super fund has had the opportunity to vote, on your behalf, for real climate action from two of Australia’s...
Super funds back Origin’s smoke and mirrors climate plan
16 October 2019 Origin Energy’s annual general meeting today was dominated by shareholder and community concerns over the climate, environmental and social impacts of the company’s dirty fossil fuel operations and plans. That’s not surprising given Origin is one of...
Market Forces’ take on BHP’s latest climate commitments
31 July 2019 Last week, BHP Billiton CEO Andrew Mackenzie made a speech in London that grabbed global headlines for two main reasons: The language he used made it clear that, even if BHP has a long way to go on addressing climate risk, there’s no doubt that the...
Macquarie’s slow progress leaves room for gas expansion
25 July 2019 Macquarie Group’s annual general meeting today saw the company face community and shareholder backlash over its advisory role on the huge Rio Grande liquefied natural gas (LNG) project in the United States. While Macquarie has made some good progress on...
Norwegian sovereign wealth fund pulls $3 billion out of AGL, BHP and South32
The Norwegian government’s decision to tighten the Government Pension Fund Global’s (GPFG) coal exclusion criteria will see the world’s richest sovereign wealth fund withdraw a combined AU$3 billion from AGL, BHP and South32. Take action: Tell your super fund to...