27 November 2019 Shareholders of Armour Energy were stunned during the company’s annual general meeting in Brisbane yesterday by Chairman Nicholas Mather’s outrageous claim that human beings are not the cause of climate change. In response to a question from a...
Feature
Super funds let Beach Energy off the hook on climate change
26 November 2019 Another week, another Australian fossil fuel company belies super funds' climate engagement claims. Earlier this year, Market Forces named oil and gas producer Beach Energy as one of the 21 big Australian companies undermining climate action. With...
Horizon Oil’s expansion undermines Paris climate goals
22 November 2019 Horizon Oil's cursory approach to climate risk disregards the reality that the Paris Agreement leaves no room for oil expansion. According to its Sustainability Report, Horizon Oil is working towards full implementation of the G20 Task Force on...
Insurance “red zones” spread across Australia. Insurers making it worse
19 November 2019 The number of households whose insurance premiums have become unaffordable is rising at an alarming rate across Australia. This is because of more extreme weather events and rising sea levels, which are linked directly to global warming....
NAB climate commitments too little, too late
15 November 2019 NAB's sustainability report, released today, signaled an end to the bank's involvement in thermal coal mining, but places its exit far later than what is needed to help meet the Paris Agreement climate goals. The commitment to be out of thermal coal...
Medibank claims fossil fuel divestment, but hasn’t finished the job
14 November 2019 What a difference a few years makes. Back in 2016, when the climate crisis was first raised by shareholders at the Medibank annual general meeting (AGM), the company seemed to have given no consideration to the impacts that fossil fuel pollution and...
Cooper Energy following 4°C global warming path
7 November 2019 In response to questioning at the company's annual general meeting today, Cooper Energy confirmed it has "set its future operations against" a 4°C global warming scenario. Cooper's 2019 Sustainability Report stated the company is developing scenarios...
BHP commits to reaching net-zero emissions by 2050
7 November, 2019 BHP Chair Ken MacKenzie has publicly applauded the European Commission’s proposal to achieve net-zero emissions by 2050. However, until now it has been unclear as to whether BHP will adopt the same goals. This appears to have resolved at today’s...
Increased fossil fuel lending out of line with Westpac’s climate commitments
8 November 2019 There is a clear disconnect between Westpac’s pledge to help curb the climate crisis and their subsequent decision to increase lending to fossil fuel projects. Though Westpac’s exposure to fossil fuels may have decreased from one September to the...
Choked by Coal: the Carbon Catastrophe in Bangladesh
Choked by Coal: the Carbon Catastrophe in Bangladesh New analysis shows China, UK and Japan driving 63-fold coal power expansion in Bangladesh Media Release: 6 November 2019 Massive coal-based power expansion in Bangladesh is set to propel it into the ranks of the...