9 November 2018 Western Australia-based oil and gas exploration company Carnarvon Petroleum made clear at its annual general meeting today that it does not consider climate change as a material financial risk. Chairman P. J. Leonhardt explained he had missed a page of...
CommBank: All talk, still no walk on fossil fuel finance
Brisbane, 7 November 2018 At today’s Commonwealth Bank annual general meeting (AGM), chairwoman Catherine Livingstone told shareholders she believed it was unlikely the bank would finance any new 'greenfield' fossil fuels proposals. Such projects include coal mines,...
ERM Power’s vague promises do not make it a ‘strong climate advocate’
Power retailer and operator ERM Power doesn't have the best track record when it comes to acting on climate change. In 2017 the company opted to pay $123 million in penalties rather than build or contract new wind and solar to comply with the Renewable Energy...
Cue Energy: not managing climate risk
30 October 2018 Our latest Market Forces Investing in the Dark research shines a spotlight on companies actively managing climate risk, and those lagging behind. Cue Energy is a stand out for not taking climate change and its risks seriously. The oil and gas...
APA’s pipeline is “head of the snake that is the Pilliga project”
25 October 2018 "We’re just the truck to get the eggs to market after they've been laid," APA chairman Michael Fraser told a concerned landowner at the gas infrastructure company's annual general meeting today. Western Plains farmer David Chadwick replied: "We don’t...
WorleyParsons won’t rule out Adani
23 October 2018 "Can the board confirm that it has completely ruled out working with Adani on the Carmichael coal mine and its supportive infrastructure like the North Galilee Basin Rail Line and the Abbot Point coal terminal that will transport coal from the mine?"...
Northern Territory traditional owners challenge Origin Energy’s board on fracking consent
17 October 2018 Traditional owners travelled all the way from the Northern Territory for Origin Energy’s annual general meeting (AGM) today in Sydney to challenge the company that wants to frack their land. Since the Northern Territory scrapped its fracking ban in...
Magellan can’t see risks to its own business
Magellan Financial Group's (MFG) deputy investment officer Dominico Giuliano recently made statements in the media about the need for accurate climate risk disclosure. At its annual general meeting (AGM) today, however, the company seemed to think that climate change...
AGL reaffirms closing Liddell coal-fired power station by 2022
26 September 2018 Today energy giant AGL faced angry community representatives and shareholders at its annual general meeting (AGM) in Melbourne. Most of question time was taken up by the Western Port community voicing their concerns over Crib Point, with the board...
Macquarie to produce climate risk scenario analysis
26 July 2018 “Risk has always been at the heart of Macquarie”, said Nicholas Moore, managing director and chief executive officer at today’s annual general meeting in Sydney. As part of its risk framework, Macquarie Group will now begin producing a scenario analysis...