28 April 2023 Company directors under fire Nearly 35% of Woodside Energy’s shareholders voted against board member Ian Macfarlane’s re-election at the company’s annual general meeting (AGM) in Perth today. Investors also voted significantly against the re-election of...
HESTA must ramp up the pressure on Santos
13 April 2023 HESTA last week lodged a formal vote calling on oil and gas company Santos to wind up oil and gas production in line with a net zero emissions by 2050 pathway. This is a great sign HESTA is taking members' concerns seriously, but with Santos still...
Santos faces Traditional Owner ire, investor demands to manage down expansion plans
6 April 2023 More than 18% of Santos’ shareholders today demanded the company drop its oil and gas expansion plans and instead manage down production in line with a net zero emissions by 2050 pathway at the company’s annual general meeting (AGM) in Adelaide. The...
Australia’s big four banks face human rights complaint over Santos Barossa financing
5 April 2023 Tiwi Islands and Larrakia Traditional Owners have lodged formal complaints alleging the big four Australian banks - ANZ, Commonwealth Bank, NAB and Westpac – and a host of international financiers breached their human rights commitments by participating...
Why super funds need to get out of fossil fuels
OPINION | Jo Dodds, President of Bushfire Survivors for Climate Action Over recent weeks, bushfires have been raging across the country in NSW, Victoria and Central Australia, and it’s deeply troubling. I’m worried for everyone near the fires. It’s particularly...
Which super funds are the biggest enablers of climate-wrecking oil and gas expansion?
21 February 2023 Now that super funds are required to disclose their investments to members every six months, we are able to track over time which funds have the highest proportion of their members’ retirement savings invested in climate-wrecking oil and gas companies...
Pressure on Asian companies reaches boiling point for climate action
OPINION | Koh Matsuki CEO, Proxy Watcher Some of Japan’s biggest energy and resources companies are pushing full steam ahead to expand fossil fuel projects across Asia. But banks across Asia and corporate Japan – including Mitsubishi, Mizuho Bank and J-Power – are...
NAB fails to address fossil fuel lending loopholes at 2022 AGM
16 December 2022 NAB faces shareholder backlash over continued support for new fossil fuels at 2022 AGM Today, National Australia Bank (NAB) faced a formal proposal from shareholders asking it to demonstrate how the company’s financing would not be used for the...
Westpac’s ‘laughable’ greenwashing called out at 2022 AGM
14 December 2022 Over 10% of Westpac's shareholders defied the board to support a formal proposal calling on the bank to demonstrate how its funding won't be used for new fossil fuel projects at today’s annual general meeting (AGM) in Melbourne. The bank was also...
Spirit Super must stop new oil and gas projects or divest from the companies pursuing them
13 December 2022 Spirit Super updated its climate targets this year, aiming to reduce both the fossil fuel reserves and carbon emissions in its investment portfolio by 50% by the end of this decade. Yet the fund remains invested in companies seeking to massively...