Climate scepticism remains at the top of AMP

Last week in the USA, JPMorgan Chase announced the demotion of former Exxon CEO and architect of climate denial, Lee Raymond, from his previous lead director role. Yet in Australia, the head of AMP David Murray stays in his position of chairman despite having previously disputed the science of climate … Read More

The investors helping Woodside weather one crisis but not the other

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 its projects are located, including … Read More

Australia’s major political parties, brought to you by fossil fuels!

February 2020 Every year, Australian governments and their departments spend billions of dollars of your money so that more coal, gas and oil can be extracted and burned. Favourable decisions include: tax-based subsidies direct contributions concessional loans from public financial institutions lax environmental laws and approvals for disastrous projects. Meanwhile, … Read More

Urgent: Tell HSBC to withdraw from Payra coal port

31 Jan 2020 Use the form on the right to email HSBC telling the bank to withdraw from Payra Port. UK-headquartered HSBC is arranging finance for the dredging of Payra coal port in Bangladesh. Among other commodities, this port would import 20 million metric tons of coal for eight proposed … Read More

Do you pay more tax than the big fossil fuel companies?

For all the environmental and climate destruction wrought by the fossil fuel industry here in Australia and globally, you’d think there must be a significant payback through taxes, right? Well, sadly, there are ways for massive fossil fuel companies to minimise their tax bills in Australia, and these companies are … Read More

Cue Energy’s empty words on climate change is not enough.

10 December 2019 Cue Energy, an Australian ASX-listed oil and gas company that operates in Australia, New Zealand and south-east Asia, had to fend off numerous climate-related questions at its annual general meeting yesterday in Melbourne. In its annual report, the company states: “(Cue) recognizes that the management of the … Read More

Oil and gas still a major focus for Karoon Energy

An offshore oil rig

29 November 2019 Karoon Energy has been given plenty of opportunities to provide a credible and evidence-based climate risk management plan, but continues to shirk this responsibility to its shareholders. At Karoon’s 2018 AGM, CEO Robert Hosking claimed “We are at heart environmentalists”. But when asked by shareholders to provide … Read More

Senex: company statements on the Paris Agreement are hollow

SENEX field

18 November 2019 Senex, an Australian oil and gas company, states in its annual report that the company “recognises and accepts the science of climate change and fully supports the objectives of limiting global temperate rise as agreed by governments in the 2015 Paris Agreement.”  It seems, however, from the … Read More