18 October 2018 Aurizon’s relationship with Indian coal mining giant Adani dominated question time at its annual general meeting in Brisbane today. Last month, Adani proposed a shorter rail line that would link its proposed Carmichael mega mine in the Galilee Basin to Aurizon’s existing Central Queensland Coal Network. “Would … Read More
Paris climate goals not on the menu at Treasury Wines
18 October 2018 Wildfires tore through the Napa Valley in October 2017, devastating the Californian wine industry. As the hills went up in flames, the estates owned and operated by Treasury Wine Estates (TWE) miraculously survived with only minor damage. The fires, widely linked to climate change, were a focus … Read More
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 April, Origin have doubled down on their efforts … Read More
Orora yet to fully unpack climate change risk
16 October 2018 Even if you’ve never heard of Orora, you’ve probably come across the company before. You might have used their packaging when drinking beer or a bottle of wine – they’re a large packaging company that produce glass bottles, aluminum cans, and other packaging equipment. They’re also one … Read More
Major banks are failing Vietnam by violating Equator Principles commitments in financing coal power projects
12 October 2018 The Equator Principles (EPs) are a global set of voluntary standards that financial institutions sign on to – so that in financing large scale projects, they don’t harm people and the environment. Market Forces, working with Vietnamese community organisations and other international NGOs, has found that EP … Read More
Climate risk disclosure: Transurban still in the slow lane
“…we don’t consider it [climate change] to be one of the significant business risks or financial risks for Transurban” Marcus Laithwaite, auditor 11 October 2018 You might not have heard of the company, but chances are you’ve driven on one of their roads. Transurban operates major tollways in Australia … Read More
Protestors at the Korean Embassy in Canberra warn Korean investors not to back Adani’s disastrous coal export plans
10 October 2018 Today, Canberrans turned out at the Korean Embassy to warn potential investors that buying a stake in Abbot Point means helping Adani build the most controversial project in Australia’s history. It’s vital that Korean financial institutions and companies are made aware of the massive social and environmental … Read More
Media release: Korean Adani interest revealed in Freedom of Information request
Friday 5 October, 2018: A document released through Freedom of Information has revealed Korea responding positively to efforts by the Australian Government to promote Adani’s controversial Carmichael coal project. The document, sent from Seoul to Canberra in November 2016, follows a meeting between the Korean Export and Import Bank and … Read More
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 risks didn’t apply to them Serious oversight Earlier this year, Giulano publicly scolded some … Read More