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News
Oil Search assets – eroded under 2 degrees
11 May 2018 At the Oil Search annual general meeting today chairman Richard Lee assured shareholders that Oil Search’s assets were safe under 2 degrees of global warming. Speaking about the company’s 2017 Climate Change Resilience Report he explained ‘the analysis...
Caltex proves fossil fuels are incompatible with 2 degrees
Caltex CEO Julian Segal made a perfect case for ditching the company’s fossil fuel-reliant business model yesterday at the company’s Annual General Meeting when he said: “If we were to put a target to reduce emissions by 50%, that would mean closing the refinery at...
Embattled AMP stands firm over new climate denier chairman
10 May 2018 Acting AMP chief executive Mike Wilkins today dismissed deep concern over incoming chairman David Murray’s controversial views on climate change at the financial services company’s annual general meeting (AGM) in Melbourne. Wilkins affirmed his backing...
AMP appoints climate change denier as chairman
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text]The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has seen heads roll at AMP, with both the Chair Catherine Brenner...
QBE faces massive shareholder pressure at AGM
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"] Australia’s biggest insurer and fossil fuel underwriter QBE Insurance admits it needs to manage climate change risks much better but rejects shareholder...
Fierce opposition to Narrabri gas project
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text _order="0"]3 May 2018 Gomeroi traditional owners and farmers from Narrabri made it very clear today at Santos’ annual general meeting (AGM) that they do not want...
Big institutions back Rio Tinto resolution
2 May 2018 A resolution calling on Rio Tinto to publish the payments that it makes to groups lobbying on energy and climate policy, and to review whether such memberships are consistent with Rio’s stated support for emissions reductions, featured prominently at the...
Suncorp’s Climate Change Action Plan: plenty of detail but where are the outcomes?
27 April 2018 Suncorp, a major Australian financial services company and general insurer, today released its Climate Change Action Plan. As expectations mount from investors and regulators that companies disclose the risks they face from climate change and efforts to...