On 16 December 2019, global engineering firm and Adani’s longest-serving contractor GHD updated a statement on its website revealing it has no ongoing contractual obligations on the climate-busting Carmichael coal mine project. This is a welcome and important first step but disappointingly doesn’t go far enough. After 10 years of … Read More
Westpac: a laggard on climate change
12 December 2019 Westpac’s board knew they would be facing fired-up shareholders at today’s annual general meeting (AGM) but perhaps weren’t prepared to bear the weight of responsibility for the impacts on communities and customers fighting the climate crisis. Amid its recent scandals, the board was forced to address the … Read More
Do you pay more tax than the big fossil fuel companies?
For all the environmental and climate destruction wrought by the fossil fuel industry here in Australia and globally, you’d think there must be a significant payback through taxes, right? Well, sadly, there are ways for massive fossil fuel companies to minimise their tax bills in Australia, and these companies are … Read More
Cue Energy’s empty words on climate change is not enough.
10 December 2019 Cue Energy, an Australian ASX-listed oil and gas company that operates in Australia, New Zealand and south-east Asia, had to fend off numerous climate-related questions at its annual general meeting yesterday in Melbourne. In its annual report, the company states: “(Cue) recognizes that the management of the … Read More
Soul Patts shuts down AGM rather than answer questions on coal and climate change
6 December 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.* 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 walk away from Adani!
Adani has announced that Siemens has been awarded a contract to deliver rail signaling systems 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. … Read More
Oil and gas still a major focus for Karoon Energy
29 November 2019 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 … 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
