94% of Beach Energy investors reject capital protection

Beach Energy field

25 November 2020 5.4% of shareholders today formally called on Australian-focused gas and oil company Beach Energy to wind up its fossil fuel production in line with the goals of the Paris Agreement by voting in favour of a resolution put forward by more than 100 shareholders, supported by Market … Read More

Mineral Resources pursues pathway out of line with 1.5°C

The Mineral Resource board made it clear at yesterday’s annual general meeting (AGM) that they would continue to pursue dirty oil and gas development despite their peer Fortescue Metals announcing a major move into renewable energy and green hydrogen.  Mineral Resources is a  lithium and iron ore mining company with … Read More

Horizon Oil challenged over sustainability

Horizon Oil's offshore operations in NZ

20 November 2020 Horizon Oil was questioned over the company’s sustainability in the face a Paris-aligned energy transition at its annual general meeting today. Horizon owns oil and gas exploration, development and production assets in China and New Zealand, having recently sold its beleaguered Papua New Guinea assets. The company … Read More

BlueScope Steel lagging on emission reduction targets

BlueScope Steel, the multinational steel-making corporation, is one of Australia’s major consumers of energy. The company requires large amounts of energy to be able to create steel via its smelting, furnace and production operations and is one of the top 20 energy users in Australia.  At today’s annual general meeting, … Read More

Senex Energy indulging in wishful thinking

Senex Energy

19 November 2020 At its annual general meeting today, Australian gas producer Senex Energy reiterated its plans for a five-fold increase in production over the next 5 years. These plans are in stark contrast to the declines in gas use required to avoid the worst impacts of climate change, and … Read More

New Hope increasingly detached from reality

New Acland coal mine, Queensland. Credit: Lock the Gate alliance

17 November 2020 At its annual general meeting today, New Hope Corporation faced a shareholder resolution calling on the company to wind up its coal production in line with the climate goals of the Paris Agreement. With the Board recommending shareholders vote against the resolution, and parent company Washington H … Read More

Fortescue talks up renewable energy shift, but ignores many climate questions

11 November 2020 Fortescue Metals Group (FMG) founder and chair Andrew Forrest used today’s annual general meeting to announce the company’s plans to move heavily into renewable energy and green industry opportunities, but appeared to systematically ignore shareholder questions on climate change. FMG has committed over $1 billion to its … Read More

Central Petroleum fails to back up climate risk claims

10 November 2020 With major investment decisions on new gas projects expected in the next two years, shareholders attending Central’s annual general meeting today wanted to know if the company is manging the risk that its gas projects will be left stranded by the transition to a low-carbon economy. Leading … Read More

South32’s new climate plan won’t include scope 3 targets

29 October 2020 Diversified mining company South32 told shareholders today it would have “something to say” about its huge scope 3 greenhouse gas emissions (those generated from the use of its products) when the company updates its climate policy next year. However, the company isn’t expected to include any clear … Read More