7 November 2019 Oil and gas producer and explorer Central Petroleum was today challenged over its token efforts to understand and respond to climate change risks. Central Petroleum listed climate change, and particularly potential carbon pricing, as a principal risk...
News
BHP commits to reaching net-zero emissions by 2050
7 November, 2019 BHP Chair Ken MacKenzie has publicly applauded the European Commission’s proposal to achieve net-zero emissions by 2050. However, until now it has been unclear as to whether BHP will adopt the same goals. This appears to have resolved at today’s...
Increased fossil fuel lending out of line with Westpac’s climate commitments
8 November 2019 There is a clear disconnect between Westpac’s pledge to help curb the climate crisis and their subsequent decision to increase lending to fossil fuel projects. Though Westpac’s exposure to fossil fuels may have decreased from one September to the...
Expectations set for Boral’s next steps on climate risk
6 November 2019 As a major greenhouse gas polluter with exposure to the coal power sector, Boral still has plenty of work to do on climate risk management. Two years ago, Boral didn't think climate change posed a significant risk to its business. For a company that in...
Choked by Coal: the Carbon Catastrophe in Bangladesh
Choked by Coal: the Carbon Catastrophe in Bangladesh New analysis shows China, UK and Japan driving 63-fold coal power expansion in Bangladesh Media Release: 6 November 2019 Massive coal-based power expansion in Bangladesh is set to propel it into the ranks of the...
GHD staff want company out of coal expansions
1 November 2019 A survey of engineering firm GHD employees shows that three out of five staff members want the company to end its work on coal expansions such as the Adani Carmichael project. The survey, which has been distributed over a number of months via LinkedIn...
Wagners willing to risk business for Adani
31 October 2019 Construction company Wagners made it clear at its annual general meeting (AGM) in Queensland yesterday that it is not concerned by the reputational and financial risks of working on the controversial Adani Carmichael coal project. The company, which...
Fortescue Metals Group falling behind on scope 3 emissions
29 October 2019 One of Australia's biggest iron ore miners is falling behind its peers when it comes to managing the risks posed by its emissions-intensive value chain. Earlier this year, Fortescue Metals Group CEO Elizabeth Gaines said scope 3 emissions should not be...
Bendigo Bank fails to back Paris Agreement for second year running
29 October 2019 Bendigo and Adelaide Bank enjoys a lot of kudos for being one of Australia's medium-sized banks that doesn't invest in fossil fuels. Thousands of Australians have moved to Bendigo Bank as a result of its position on our banks comparison table. But at...
IAG obscures its fossil fuel investments
25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set targets to reduce that exposure in line with limiting global warming to 1.5 degrees. IAG's chair said...