19 June 2020 South African bank Investec has become the 68th major company to rule out involvement in the controversial Adani Carmichael coal project, while also distancing itself from Adani's Abbot Point coal port, despite arranging a bond issue for the port back in...
Feature
Liberty Mutual, HDI/Talanx and Aspen revealed as Adani’s insurers
UPDATE 19 June 2020 All four of the insurers named in the article last week as underwriters for the Adani Carmichael project are now out! Aspen has confirmed it will not renew its insurance policies covering the Carmichael coal project. Read the news here. It is not...
Black Lives Matter
On 25 May 2020, African-American man George Floyd was killed by a white police officer who knelt on his neck for nearly nine minutes. The officer’s knee remained on Mr Floyd’s neck long after he had lost consciousness, long after his life had slipped away, and long...
Matarbari coal power plants: Sumitomo, Japanese companies threaten communities and climate in Bangladesh
UPDATE: June 2022 On 22 June 2022, in a major victory for climate action and years of opposition by a global movement, Japan announced an end to funding of Matarbari Phase 2 coal power plant in Bangladesh. Following the announcement, the Bangladesh Government...
Marsh & McLennan present greenwash at AGM
28 May 2020 Marsh and McLennan's 183-word 'Client engagement principles' is not a climate policy, it is greenwash. Last week Marsh & McLennan (MMC), Adani’s insurance broker Marsh’s parent company, held its 2020 annual general meeting (AGM).Following months of...
Fossil fuel investments tanking
16 May 2020 The value of Australia’s fossil fuel producers has tanked over the last 10 years, a trend which has been exacerbated during the Covid-19 pandemic. We identified 11 companies in the top 300 listed on the Australian share market (ASX 300) whose sole business...
Huge gains in investor support for real climate action at Rio Tinto
7 May 2020 37% of Rio Tinto's shareholders today voted in favour of a shareholder proposal calling on the mining giant to set Paris-aligned targets to reduce its greenhouse gas emissions, including those generated by the use of its products. Given Rio Tinto’s board...
QBE’s fossil fuel inconsistency questioned at AGM
7 May 2020 As has been the case now for several years (see 2019 and 2018), fossil fuels and the climate crisis dominated insurance company QBE's annual general meeting (AGM) today, despite it being shifted online due to the COVID-19 pandemic. With QBE having announced...
Westpac sets thermal coal exit date, re-commits to Paris alignment
Oil Search must abandon oil and gas expansion
1 May 2020 Oil Search, Australia’s third largest pure play oil and gas company, today told shareholders its current strategic review will lead the company to “settling on a strategy that is consistent with the interests of shareholders.“ Company Chair Richard...