28 April 2020 Woodside Energy is Australia’s largest gas producer, with a focus on liquefying and exporting gas, a fossil fuel the use of which cannot be expanded if we’re to limit global warming to 1.5°C. Woodside is headquartered in Western Australia, where most of...
Carbon Bubble
Westpac: a laggard on climate change
12 December 2019 Westpac’s board knew they would be facing fired-up shareholders at today’s annual general meeting (AGM) but perhaps weren’t prepared to bear the weight of responsibility for the impacts on communities and customers fighting the climate crisis. ...
FAR not modelling climate transition risks to business
Market Forces has named FAR as one of the 21 companies that investors should immediately divest from. Why? Because the company has had more than three years to show it can transition to be in line with the Paris Agreement. It has not only failed at this but is also...
Caltex – out of line & out of time
Anyone watching the presentation on sustainability at Caltex annual general meeting (AGM) today would think the company, the petroleum brand of Chevron, is earnest about tackling emissions. Chairman Steven Gregg insisted that Caltex is acting in line with the Paris...
Woodside CEO admits gas the loser if the world limits warming to 1.5 degrees
In a week where climate change dominated global headlines with the UK Parliament's declaration of a climate emergency and school strikers taking to the streets in over 500 locations worldwide, corporate Australia was also facing increasing scrutiny on climate change....
Santos challenged over its plans to frack the Northern Territory
2 May 2019 Shareholders and board members arriving at Santos’ annual general meeting (AGM) in Adelaide this morning were greeted by a large crowd highlighting Santos’ flagrant disregard for Indigenous land rights and a safe climate. The company plans to open up...
Incitec Pivot: 4°C warming = selling more fertiliser
Incitec Pivot's lobbying association memberships include the Mining Council of Australia and Queensland Resources Council December 2018 Incitec Pivot is an Australian multinational corporation that manufactures fertiliser, explosives, chemicals, and delivers mining...
Nothing explosive about Orica’s climate disclosures
Orica provide explosives, blasting and tunnelling services to the mining, oil and gas, and construction industries. Unlike some of its industry peers, Orica’s published reports do give shareholders some sense of reality: the company accepts the science of climate...
Salmon giant Tassal’s climate plan smells fishy
31 October 2018 Beleaguered salmon farming company Tassal, infamous for the ABC Four Corners ‘big fish’ report, was today questioned at its AGM on the business risks of global warming and whether it would join the 240 companies worldwide that have signed up to the...
Cue Energy: not managing climate risk
30 October 2018 Our latest Market Forces Investing in the Dark research shines a spotlight on companies actively managing climate risk, and those lagging behind. Cue Energy is a stand out for not taking climate change and its risks seriously. The oil and gas...