10 October 2019 This morning at its annual general meeting (AGM) in Sydney, engineering consultancy Cardno’s Chairman committed the company to doing no further work on the disastrous Adani Carmichael coal project. Cardno, which has been involved with Carmichael since...
Suncorp faces heat at its AGM as losses mount on climate impacts
Brisbane, 26 September 2019 The climate crisis dominated Suncorp's annual general meeting in Brisbane today, from the Chairman and CEO reporting losses from extreme weather events, shareholders bringing personal stories of how climate impacts are destroying their...
AGL shareholders demand coal plant closure
19 September 2019 AGL shareholders today sent a strong message to Australia's biggest climate polluter, with more than 30% voting in favour of a resolution demanding the company reduce emissions in line with the Paris climate goals. Only twice before has a climate...
Our super funds can help sway climate-change targets
AGL plans to operate its dirty Loy Yang coal power station until 2048 Credit: Environment Victoria 18 September 2019 Market Forces in the Media: Op-ed in the Sydney Morning Herald by Julien Vincent, Executive Director, Market Forces It was one of the loudest signals...
Media Release: Rio Tinto to face shareholder resolution as BHP sets Paris-aligned ‘scope 3’ emission reduction goals
Rio Tinto Pilbara expansion. Cape Lambert and Dampier and Rail. Thursday 12 September, 2019: Following BHPs confirmation that the public goals it will release next year for its “Scope 3” greenhouse gas emissions will be aligned with the Paris Agreement, externally...
Macquarie’s slow progress leaves room for gas expansion
25 July 2019 Macquarie Group’s annual general meeting today saw the company face community and shareholder backlash over its advisory role on the huge Rio Grande liquefied natural gas (LNG) project in the United States. While Macquarie has made some good progress on...
FAR not modelling climate transition risks to business
Market Forces has named FAR as one of the 21 companies that investors should immediately divest from. Why? Because the company has had more than three years to show it can transition to be in line with the Paris Agreement. It has not only failed at this but is also...
Mineral Commodities Ltd chairman accuses a South African proxy holder of abandoning his country at AGM
Community concerns about MRC's operations include a nearby cliff collapse at the Tormin mine on South Africa's West Coast in 2015. Credit: Ground Up News Mineral Commodities Limited (MRC) is a company listed on the Australian Stock Exchange, which operates in...
Sydney Airport: taking climate seriously after flooding events
24 May 2019 What a difference a year (and some runway flooding) makes! Sydney Airport’s chairman Trevor Gerber has certainly changed his tune on taking climate risk seriously since last year’s annual general meeting. Back then, Gerber didn’t think the risks of...
“If the benchmark is 1.5ºC we should measure ourselves against it” says Alumina chairman
23 May 2019 Alumina Limited is one of Australia’s top ASX-listed mining companies. As its name suggests, the company focuses on alumina, the material refined from bauxite and used for aluminium production. Australia is the second largest alumina producer in the...