15 November 2018 "We’ll be doing everything we can as a company to slow down climate change" Fortescue Metals Group (FMG) chairman Andrew Forrest told shareholders today. Forrest's proclamation at the company’s annual general meeting (AGM) was a respectable one,...
Coal
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...
BHP has no plans to walk away from climate-destroying coal
8 November 2018 Today’s BHP annual shareholder meeting in Adelaide saw the company vigorously defend its views and support for the long term viability of coal and fossil fuels. Chief executive Andrew Mackenzie used his opening address to remind shareholders that “as a...
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,...
ERM Power’s vague promises do not make it a ‘strong climate advocate’
Power retailer and operator ERM Power doesn't have the best track record when it comes to acting on climate change. In 2017 the company opted to pay $123 million in penalties rather than build or contract new wind and solar to comply with the Renewable Energy...
Boral still won’t rule out working with Adani
30 October 2018 It’s hard to know where to begin with Boral, one of the world's 160 most polluting companies. You could look at the fact that it's been shying away from renewables, despite losing $15 million USD from climate-driven weather events in the last financial...
Stanmore Coal continues to dodge climate change concerns
26 October 2018 Stanmore Coal are a pure play coal company with several thermal and coking coal mining operations across Queensland. They made headlines in 2015 when they picked up a mothballed mine from Vale and Sumitomo for just $1. In 2016, we published that...
South32 ‘getting out of coal’ by investing millions into it
25 October 2018 For a global mining group, South32 has been ahead of its peers not only in their willingness to accept climate science but also in publicly disclosing the risks the business faces. The company even set an emissions reduction target of net zero by 2050...
WorleyParsons won’t rule out Adani
23 October 2018 "Can the board confirm that it has completely ruled out working with Adani on the Carmichael coal mine and its supportive infrastructure like the North Galilee Basin Rail Line and the Abbot Point coal terminal that will transport coal from the mine?"...
Whitehaven next in frame for investor pressure on climate
Market Forces in the media Op-ed by Julien Vincent, executive director Market Forces Sydney Morning Herald/The Age, 19 October 2018 Next week investors will get the opportunity to vote on whether an ASX100 company that is custodian of their money should align its...