6 November 2019 Washington H Soul Pattinson went to extraordinary lengths to avoid questions on coal and climate change at its annual general meeting today, pushing all questions to the end of the meeting before shutting the entire AGM down after just a few questions. It’s no surprise that climate … Read More
ANZ’s secret plan to cut thermal coal leaves Westpac out in the cold
6 December 2019 ANZ has internal plans to cut thermal coal mining exposure by 75% by March 2024.[1] While this is a welcome ambition, ANZ has not confirmed the targeted 75% reduction officially in public policy. Take a moment to tell ANZ to publicly confirm its secret plans to phase … Read More
Siemens, do the right thing and say no to Adani!
Adani is trying to get Siemens to provide signalling for the rail line to its Carmichael mine – a coal project that would open up the Galilee thermal coal basin to mining and add hundreds of millions of tonnes of CO2 to the atmosphere. The Adani Carmichael coal mine is … Read More
Oil and gas still a major focus for Karoon Energy
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 a clear scenario … Read More
Climate denial alive and well at Armour Energy
27 November 2019 Shareholders of Armour Energy were stunned during the company’s annual general meeting in Brisbane yesterday by Chairman Nicholas Mather’s outrageous claim that human beings are not the cause of climate change. In response to a question from a shareholder concerned about the risks climate change poses to … Read More
Super funds let Beach Energy off the hook on climate change
26 November 2019 Another week, another Australian fossil fuel company belies super funds’ climate engagement claims. Earlier this year, Market Forces named oil and gas producer Beach Energy as one of the 21 big Australian companies undermining climate action. With plans to spend around $750 million each year to massively … Read More
Horizon Oil’s expansion undermines Paris climate goals
22 November 2019 Horizon Oil’s cursory approach to climate risk disregards the reality that the Paris Agreement leaves no room for oil expansion. According to its Sustainability Report, Horizon Oil is working towards full implementation of the G20 Task Force on Climate-Related Financial Disclosure (TCFD) recommendations. However, Horizon’s disclosures to … Read More
Bluescope Steel must step up low-carbon ambition
21 November 2019 Bluescope Steel shareholders today called on the company to set new Paris-aligned emission reduction targets to drive low-carbon transition. As one of the top 20 greenhouse gas emitters in Australia, Bluescope Steel is highly exposed to the policy, market and technology shifts required to meet Paris Agreement’s … Read More
Mineral Resources: relying on others to find a solution to the climate crisis
20 November, 2019 Mineral Resources is predominantly an iron-ore miner and mining services company. But the company’s November 2017 acquisition of Energy Resources Pty Ltd means it now holds nine exploration permits for substantial oil and gas projects in the onshore Perth Basin. Today the Mineral Resources board was met … Read More
Seven Group Holdings has no fossil fuel exit plan
20 November 2019 In response to shareholder questioning at Seven Group Holdings’ annual general meeting in Sydney today, Director Terry Davis confirmed the company has no exit plan for its oil and gas businesses. With ownership stakes in a range of businesses and industries, SGH is able – but not … Read More
