18 October 2018 Wildfires tore through the Napa Valley in October 2017, devastating the Californian wine industry. As the hills went up in flames, the estates owned and operated by Treasury Wine Estates (TWE) miraculously survived with only minor damage. The fires,...
Northern Territory traditional owners challenge Origin Energy’s board on fracking consent
17 October 2018 Traditional owners travelled all the way from the Northern Territory for Origin Energy’s annual general meeting (AGM) today in Sydney to challenge the company that wants to frack their land. Since the Northern Territory scrapped its fracking ban in...
Orora yet to fully unpack climate change risk
16 October 2018 Even if you’ve never heard of Orora, you’ve probably come across the company before. You might have used their packaging when drinking beer or a bottle of wine - they're a large packaging company that produce glass bottles, aluminum cans, and other...
Major banks are failing Vietnam by violating Equator Principles commitments in financing coal power projects
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Climate risk disclosure: Transurban still in the slow lane
"...we don't consider it [climate change] to be one of the significant business risks or financial risks for Transurban" Marcus Laithwaite, auditor 11 October 2018 You might not have heard of the company, but chances are you’ve driven on one of their roads. ...
Canberra protestors at the Korean Embassy warn Korean investors not to back Adani’s disastrous coal export plans
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ]10 October 2018 Today, Canberrans turned out at the Korean Embassy to warn potential...
Singapore banks need to warm up to renewable energy financing
Market Forces in the media By Julien Vincent, executive director Op-ed in the Business Times, 9 October 2018 THE launch in South Korea on Monday of the Intergovernmental Panel on Climate Change (IPCC) report on avoiding runaway global warming hammered home some stark...
Media release: Korean Adani interest revealed in Freedom of Information request
Friday 5 October, 2018: A document released through Freedom of Information has revealed Korea responding positively to efforts by the Australian Government to promote Adani’s controversial Carmichael coal project. The document, sent from Seoul to Canberra in November...
Magellan can’t see risks to its own business
Magellan Financial Group's (MFG) deputy investment officer Dominico Giuliano recently made statements in the media about the need for accurate climate risk disclosure. At its annual general meeting (AGM) today, however, the company seemed to think that climate change...
Meeting Paris Agreement goals is not a matter for ASX board
4 October 2018 With its high proportion of coal and gas producers, the ASX All Australian 50 index has been rated the most exposed market to potential stranded [fossil fuel] assets. These are coal, oil and gas reserves that cannot be burnt if we want to stay well...