New Hope Corporation doubles down on coal during farcical 2021 AGM

19 November 2021 Coal miner New Hope Corporation’s 2021 AGM descended into farce yesterday, with technology issues compounding upon the company’s evasive approach to shareholder accountability.  Despite this, New Hope’s board still found time to double-down on its commitment to climate-wrecking coal, admitting New Hope intends to continue deriving around … Read More

Oil and gas producers fail to accept net zero means no expansion

15 November 2021 Australia’s oil and gas exploration and production companies are being challenged by shareholders over the incompatibility of their expansions plans with global climate goals. With a number of these companies having held their AGMs recently, a recurring theme to shareholder questioning has been the International Energy Agency’s … Read More

Shareholders call for true climate leadership from BHP

Updated 9am, 12 November 2021 A total of 14.2% of BHP Group’s investors have defied the board to demand the company responsibly wind up its fossil fuel production assets in line with its stated support for net zero emissions by 2050. This morning’s ASX announcement of the combined votes for … Read More

South32 challenged over scope 3 emissions, coal mine plans

28 October 2021 Over the last year, diversified miner South32 has set a target to halve its operational (scope 1 and 2) emissions by 2035 and reach net zero by 2050. However, as a significant metallurgical coal producer, the scope 3 emissions (mostly those generated from the use of South32’s … Read More

Suncorp and IAG not closing fossil fuel policy gaps

22 October 2021 Amidst ever-worsening extreme weather and the hits to their bottom lines it is causing, two of Australia’s three big insurers faced shareholders at their annual general meetings (AGM) recently (IAG was today, Suncorp on September 23rd). Over the last two years both have taken significant steps away … Read More

Narrabri gas plans undermine APA’s net zero claims

Narrabri residents say no to coal seam gas. Credit - Lock the Gate Alliance / Joseph McGrath

21 October 2021 Australia’s biggest gas pipeline company, APA, has recently adopted an ambition to reach net zero operational emissions by 2050. It also regularly refers to driving the energy transition to support the Paris climate goals, and a net zero by 2050 outcome. However, at its annual general meeting … Read More

Australian record: 55% of AGL shareholders demand emission reductions

22 September 2021 55% of shareholders in Australia’s biggest climate polluter, AGL, today demanded the company set targets to reduce its gargantuan emissions in line with the climate goals of the Paris Agreement. This is the highest ever vote in favour of a climate-related shareholder resolution, against the board’s recommendation, … Read More

NAB and Westpac: Stop funding Whitehaven Coal!

NAB & Westpac- Stop Funding Whitehaven's Dirty Coal

15 September 2021 The federal Environment Minister has just signed-off approval for Whitehaven’s climate-wrecking Vickery coal mine. But Whitehaven still needs to find enough money to match the mine’s $600 million price-tag. Despite stating their support for the Paris Agreement, NAB and Westpac loaned a combined $220 million to Whitehaven … Read More