17 November 2020 AustralianSuper’s new climate change policy has failed to even match, let alone improve on, the standard set by some of its big industry fund peers, disappointing members who were hoping to see the nation’s largest super fund take the lead on climate...
News
The Economist invites company building massive new coal mine to present on climate risk
16 November 2020 The Economist Magazine’s Climate Risk Asia Week starting on 30 November includes a number of online events discussing the various aspects of climate risk. The one that particularly caught our attention is the session on Financing Infrastructure, which...
7.4% of shareholders call on Cooper Energy to wind up gas and oil production
12 November 2020 Cooper Energy, a rapidly-growing gas and oil producer focused on the south east Australian market, today faced a shareholder resolution calling on the company to wind up its fossil fuel production in a manner consistent with the Paris climate goals....
Fortescue talks up renewable energy shift, but ignores many climate questions
11 November 2020 Fortescue Metals Group (FMG) founder and chair Andrew Forrest used today's annual general meeting to announce the company's plans to move heavily into renewable energy and green industry opportunities, but appeared to systematically ignore shareholder...
NAB confirms it will update stance on polluting oil and gas
11 November 2020 Today NAB released its sustainability report, failing to take the minimum steps needed now to align the bank's finance activity with the Paris Agreement, while confirming it will update its stance on funding the dirty oil and gas sector by next year....
Central Petroleum fails to back up climate risk claims
10 November 2020 With major investment decisions on new gas projects expected in the next two years, shareholders attending Central's annual general meeting today wanted to know if the company is manging the risk that its gas projects will be left stranded by the...
Adani Mining accidentally reveals true identity in monumental PR fail
November 6 2020 Yesterday, under the cover of the US Presidential Election, Adani Mining announced via coal-friendly media outlets that it was rebranding to “Bravus Mining and Resources”. However, this quiet name change soon turned into a public relations disaster...
Mark’s historic super fund legal win
5 November 2020 You may have seen the news this week about 25-year-old Brisbane ecologist Mark McVeigh, who won a historic legal battle against his $57 billion super fund, Rest, over climate change. What you may not know is that Mark used Market Forces’ research and...
South32’s new climate plan won’t include scope 3 targets
29 October 2020 Diversified mining company South32 told shareholders today it would have "something to say" about its huge scope 3 greenhouse gas emissions (those generated from the use of its products) when the company updates its climate policy next year. However,...
ANZ commits to exit thermal coal, but rewards climate-destructive companies
29 October 2020 ANZ’s updated fossil fuel policy, released today, signalled an end to the bank’s involvement in thermal coal, but rewards the most climate-destructive companies and fails to move the needle on oil and gas. In its latest policy update, the bank has said...