1 December 2016 Karoon Gas held its AGM in Melbourne yesterday, and confirmed it’s business as usual for the oil and gas explorer, despite its stated support for the Paris Agreement to limit global warming to 2°C above pre-industrial temperatures. The...
New Hope Group: bravely struggling against reality
18 November 2016 Queensland coal miner New Hope Group owns the New Acland, West Moreton and Bengalla coal mines. As a pure-play coal miner that’s currently trying to expand its Acland operations, New Hope’s current business model is completely out of step with global...
BHP’s Minerals Council membership touches a nerve
17 November 2016 With operations in over 25 countries, BHP Billiton is one of the world’s largest mining companies. Two years ago the company was rated one of the top twenty most carbon polluting companies. The mining giant has also been involved in several...
Wesfarmers: not ‘evolving’ quickly enough
11 November 2016 Best known as the parent company of Coles, K-mart, Target, Bunnings and Officeworks, Wesfarmers also owns two open cut coal mines: Curragh in Queensland (100% owned by Wesfarmers) and Bengalla in New South Wales (40% stake). Shareholders attending the...
Pressure forces Medibank to consider divestment
10 November 2016 Shareholders and health professionals flooded Medibank with question about their fossil fuel investments and preparedness for climate change at their annual general meeting (AGM) on Wednesday in Melbourne, prompting the Chairwoman to commit to...
CommBank faces backlash on fossil fuel lending
9 November 2016 In an unprecedented reaction against CommBank's refusal to phase out their lending to coal, oil and gas projects, the bank's Board was forced to endure extended questioning and a protest at their annual general meeting in Perth today. Many shareholders...
Origin Energy: the greenwash is strong in this one
19 October 2016 Origin Energy, one of the top three dirtiest power companies in Australia, held its annual general meeting today. The board dodged and weaved questions on fracking, fugitive emissions and 2C commitments, while hiding behind their measly renewable...
Media Release: Australians hoodwinked by superfunds over multi-million dollar executive fossil fuel exploration bonuses
Melbourne, Thursday 29 September, 2016: A new report released today by environmental finance campaigners Market Forces reveals the multi-million dollar bonuses awarded to Australian and international fossil fuel company executives for expanding reserves which are...
Media Release: Australians reject super funds’ trillion-dollar secret
Melbourne, Friday 23 September, 2016: According to analysis by environmental finance campaigners Market Forces, 83% of assets under management in Australia’s fifty largest superannuation funds are undisclosed, equating to nearly $1 trillion of assets. The analysis...
Fossil fuel assets taking huge hits
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