17 October 2019 Aurizon’s annual general meeting (AGM), held in Brisbane today, was dominated by concerns over Aurizon’s potential involvement in the destructive Adani Carmichael coal project. Both shareholders inside the meeting and #StopAdani activists outside called on the rail freight company to refuse to provide coal haulage services to … Read More
Whitehaven Coal pins hopes to catastrophic 4°C scenario
17 October 2019 Australia’s biggest dedicated coal miner, Whitehaven Coal, went to great lengths to talk up the prospects of demand growth for its product at the company’s annual general meeting in Sydney today. What the Whitehaven board failed to mention, however, was the fact that those demand projections are … Read More
Getting out of coal can’t save CommBank scrutiny at its AGM
16 October 2019 In August, Commonwealth Bank took a major step forward when it committed to get out of thermal coal by 2030, a commitment that no other major bank has so far made. Today, shareholders showed their appreciation for this commitment, but quickly moved to hold the bank to … Read More
Super funds back Origin’s smoke and mirrors climate plan
Origin Energy’s annual general meeting today was dominated by shareholder and community concerns over the climate, environmental and social impacts of the company’s dirty fossil fuel operations and plans. That’s not surprising given Origin is one of Australia’s biggest greenhouse gas polluters and has plans to prolong coal-fired power and … Read More
Lloyd’s emerges as key player on Adani insurance
14 October 2019 The anonymous tip-off came via one of the many grassroots groups fighting to stop the Adani Carmichael coal project. It said that Lloyd’s syndicates from AXIS Capital and Canopius were negotiating to underwrite the Carmichael railway line construction. Just over a week later, and only three days … Read More
NAB, ANZ and Westpac hit with climate risk shareholder resolutions
10 October 2019 Market Forces has lodged shareholder resolutions with NAB, ANZ and Westpac, calling on the three major banks to reduce their exposure to coal, oil and gas in line with the climate goals of the Paris Agreement. The resolutions come after the major banks have continued to lend … Read More
Engineering firm Cardno becomes 60th major company to rule out Adani
10 October 2019 This morning at its annual general meeting (AGM) in Sydney, engineering consultancy Cardno’s Chairman committed the company to doing no further work on the disastrous Adani Carmichael coal project. Cardno, which has been involved with Carmichael since at least as early as 2013, will be winding up … Read More
Adani could be doing an insurance deal with Lloyds, Canopius and AXIS Capital
UPDATE 4 October 2019 AXIS Capital and Canopius have withdrawn from the rail line insurance deal! AXIS made a statement saying it “…confirmed that AXIS has withdrawn its quotes for the Adani railway.” Canopius has also made a statement saying “Canopius is not involved in any negotiations to provide insurance … Read More
Suncorp faces heat at its AGM as losses mount on climate impacts
Brisbane, 26 September 2019 The climate crisis dominated Suncorp’s annual general meeting in Brisbane today, from the Chairman and CEO reporting losses from extreme weather events, shareholders bringing personal stories of how climate impacts are destroying their lives, right the way through to the last item of business – a … Read More
AGL shareholders demand coal plant closure
19 September 2019 AGL shareholders today sent a strong message to Australia’s biggest climate polluter, with more than 30% voting in favour of a resolution demanding the company reduce emissions in line with the Paris climate goals. Only twice before has a climate change-related shareholder proposal received more than 20% … Read More
