MUFG, Japan's largest bank and the world’s top LNG financier from 2021 to 2023, has brazenly stepped into the role of financial advisor for the controversial Papua LNG project. This venture, led by Total Energies, ExxonMobil, Santos, and ENEOS (JX Nippon), has already...
UniSuper exits gas pipeline company APA Group
UniSuper, Australia’s fourth largest superannuation fund, has dumped its remaining shares in APA Group. Until recently, UniSuper was APA’s largest shareholder, owning 10% of the company. The fund sold $500 million worth of APA shares in October this year, before...
ANZ, NAB and Westpac still have no clear plan to stop financing fossil fuel expansion
ANZ, NAB and Westpac all released their annual Climate Reports last month, with mostly disappointing results. The key takeaway is that the door is still open for fossil fuel companies to keep receiving more finance for their climate destroying expansion plans. Take...
Opinion: Gas is burning our climate faster, and Australia’s part of the problem
By Professor Lesley Hughes, climate scientist Earth is on track to experience the hottest year on record. It comes on the heels of another record-breaking 365 days of scorching temperatures, raging fires, floods and storms wreaking mayhem in all...
APA under pressure for enabling fracking in the Northern Territory at 2024 AGM
At APA’s annual general meeting last week 12.35% of shareholders voted in favour of a resolution calling on APA to disclose: how it plans to manage emissions from new gas infrastructure, including potential Beetaloo basin pipelines, and how they are compatible...
Investors greenlight Whitehaven’s staggering pipeline of coal expansion plans
Whitehaven Coal faced intense questioning from shareholders and continued investor discontent from several major investors at its annual general meeting (AGM) held in Sydney on Wednesday. The company’s remuneration plan received a 13% vote against it, signalling...
17,000 strong against APA unlocking the Beetaloo gas basin
Over 17,000 community members, including Traditional Owners, scientists, and healthcare professionals have called on APA not to light the fuse on the Beetaloo carbon bomb. Will UniSuper do the same? APA Group is Australia’s largest gas pipeline operator. The company...
What kind of future is the Future Fund really investing in?
CommBank’s climate progress scrutinised for inconsistencies
Pressure on ANZ, NAB and Westpac heading into AGMs
Woodside seeking further debt finance to continue with its climate-wrecking gas expansion plans
Australian oil and gas company Woodside is looking to issue an “unsecured 10-year and/or 30-year bond offering,” according to LSEG, which would provide the company with a new source of finance for its gas expansion plans. While the value of the bond issuance has not...