14 November 2018 Globally over 500 companies with trillions of dollars' worth of assets have started to disclose the risks posed by our climate change emergency. But Central Petroleum isn’t one of them. At its annual general meeting in Brisbane yesterday it was...
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Medibank confirms shift out of fossil fuel investments
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ]14 November 2018 Health insurer Medibank reaffirmed its commitment to dumping its coal, oil and gas company shares before the end of this financial year at its...
Lakes Oil & LNG fail to consider the financial impact of climate change
15 November 2018 It was a case of déjà vu this week, with two gas exploration companies almost reading from the same script as they responded to shareholder concerns about climate change resilience at separate annual general meetings (AGM). Lakes Oil and Liquified...
Carnarvon Petroleum – climate change not a financial risk
9 November 2018 Western Australia-based oil and gas exploration company Carnarvon Petroleum made clear at its annual general meeting today that it does not consider climate change as a material financial risk. Chairman P. J. Leonhardt explained he had missed a page of...
Climate change – low priority for Cooper Energy
8 November 2018 Cooper Energy - an Australian gas and oil exploration and production company - was questioned at its annual general meeting (AGM) today about how climate change would affect its business. Oil and gas companies are clearly vulnerable to the impacts of...
BHP has no plans to walk away from climate-destroying coal
8 November 2018 Today’s BHP annual shareholder meeting in Adelaide saw the company vigorously defend its views and support for the long term viability of coal and fossil fuels. Chief executive Andrew Mackenzie used his opening address to remind shareholders that “as a...
CommBank: All talk, still no walk on fossil fuel finance
Brisbane, 7 November 2018 At today’s Commonwealth Bank annual general meeting (AGM), chairwoman Catherine Livingstone told shareholders she believed it was unlikely the bank would finance any new 'greenfield' fossil fuels proposals. Such projects include coal mines,...
ERM Power’s vague promises do not make it a ‘strong climate advocate’
Power retailer and operator ERM Power doesn't have the best track record when it comes to acting on climate change. In 2017 the company opted to pay $123 million in penalties rather than build or contract new wind and solar to comply with the Renewable Energy...
Korean lenders rule out Adani!
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ] 5 November 2018 Three Korean financial institutions have ruled out investing in the Adani Carmichael coal mine, rail line or Abbot Point coal export terminal, as...
Adani’s new plan, November 2018 update
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ]5 November 2018 The next six months will be critical for whether Adani’s destructive mega coal mine goes ahead. Thanks to some cost-cutting, on both its proposed...