Blog
EFIC supporting Adani Carmichael
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text][/cs_text][cs_text _order="0"]June 2018 Adani has failed to attract private finance to its proposed Carmichael mine and rail project and is becoming increasingly...
Shareholder Action 2017
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ANZ doesn’t intend for coal exposure to increase
19 December 2017 Climate change was a popular topic at ANZ’s annual general meeting (AGM) today in Sydney. Even before the meeting started, shareholders were greeted by Santa and some elves, who were handing out fliers highlighting ANZ’s fossil fuel lending. Inside...
Orica CEO on below 2 degree warming: “it doesn’t seem that the world is heading that way”
15 December 2017 The Annual General Meeting of Orica, one of the world’s largest providers of commercial explosives and blasting systems for mining, was held this morning in Melbourne. The ASX50 company, which is heavily reliant on the coal, oil and gas industries,...
NAB rules out new thermal coal
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"]NAB has become the first of Australia’s big four banks to rule out lending to all new thermal coal mines or extensions! The bank’s updated risk appetite...
Embassy confirms: no Chinese money for Adani
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"] 6 December 2017 In a massive blow for both the Adani company and the Australian Government, the Chinese embassy has confirmed that no Chinese money will be...
Beach Energy: leaking mercury
23 November 2017 In response to shareholder questioning at today's Beach Energy AGM in Adelaide, the company's board confirmed it would consider adopting the Task Force on Climate-related Financial Disclosures (TCFD) recommendations by the end of 2018, noting that...
Armour Energy on climate change: “We can’t comment on that”
Oil and gas exploration and production company Armour Energy today failed to define climate change as a material risk to its business, and refused to commit to implementing recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD). The...
Protestors meet shareholders outside New Hope AGM
20 November 2017 At last week's New Hope annual general meeting, protesters from Lock the Gate, Great Sandy Strait Saviours and the Oakey Coal Action Alliance met shareholders out the front to point out that company money was being wasted on public relations and legal...