Market Forces has named FAR as one of the 21 companies that investors should immediately divest from. Why? Because the company has had more than three years to show it can transition to be in line with the Paris Agreement. It has not only failed at this but is also...
Buru Energy’s own testing shows higher levels of chemical contaminants
Protest against fracking outside Buru Energy's AGM in Perth, May 2019 Buru Energy, a West Australian-based exploration and production company, is planning to re-inject wastewater from fracking wells into the earth said chairman Eric Streitberg at today’s annual...
Woodside CEO admits gas the loser if the world limits warming to 1.5 degrees
In a week where climate change dominated global headlines with the UK Parliament's declaration of a climate emergency and school strikers taking to the streets in over 500 locations worldwide, corporate Australia was also facing increasing scrutiny on climate change....
Big four banks increase their fossil fuel exposure
January 2019 Australia's major banks have been getting back into fossil fuels over the last year, casting doubt on their seriousness in tackling climate change through their investments. This study compares the banks' reported exposures to fossil fuels and renewable...
Nothing explosive about Orica’s climate disclosures
Orica provide explosives, blasting and tunnelling services to the mining, oil and gas, and construction industries. Unlike some of its industry peers, Orica’s published reports do give shareholders some sense of reality: the company accepts the science of climate...
NAB hauled over the coals at its 2018 AGM
NAB was forced to lay bare its contradictory climate and environmental, social and governance (ESG) policies highlighting the vast discrepancy between what the bank says, and what it does during question-time at its annual general meeting (AGM) in Melbourne.
Seven Group and Beach Energy dragging their feet on climate disclosure
23 November 2018 Seven Group Holdings has a diverse portfolio that includes industrial services (Coates Hire, CAT dealerships), oil and gas (SGH Energy), and media (41% share in Seven West Media which includes the Seven Network and the West Australian newspaper)....
Climate a hot issue at Bluescope Steel’s annual general meeting
23 November 2018 “Our targets are based on the... Australian [emissions] requirement” chairman John Bevan told shareholders at Bluescope Steel’s annual general meeting (AGM) today in Sydney, where climate change was a hot topic. Whilst acknowledging support for the...
Fortescue Metals Group: Andrew Forrest’s twin pursuits are incompatible
15 November 2018 "We’ll be doing everything we can as a company to slow down climate change" Fortescue Metals Group (FMG) chairman Andrew Forrest told shareholders today. Forrest's proclamation at the company’s annual general meeting (AGM) was a respectable one,...
Senex passes the buck on climate change targets
15 November 2018 When it comes to measuring the financial risk of climate change, not much has changed for oil and gas company Senex over the past three years. In 2016 its auditors declared they did not consider climate risk as a financial risk. In 2017 the board...