15 April 2021 Woodside’s AGM in Perth today saw almost a fifth of the gas giant’s shareholders tell the company to wind up gas and oil production in line with the Paris climate goals. This was the second time in less than 12 hours that a significant proportion of investors … Read More
13% of Santos shareholders demand oil and gas wind up plan
15 April 2021 At today’s Santos annual general meeting, 13% of the company’s shareholders voted against the company’s management and for a Market Forces-coordinated shareholder resolution calling on the company to wind up oil and gas production in line with the climate goals of the Paris Agreement. Speaking after the … Read More
Big banks snub local farmers concerned about Whitehaven Coal
12 April 2021 Whitehaven Coal is one of the biggest coal mining corporations on the Australian share market and some of the world’s biggest banks, including Westpac, Credit Suisse and Deutsche Bank, played a key role in lending $1 billion to the company in 2020. ANZ and Commonwealth Bank have … Read More
Tell your super fund: Vote for climate action
1 April 2021 Over the coming weeks, your super fund has a number of huge opportunities to demand real climate action from some of Australia’s biggest gas companies, as well as globally-significant fossil fuel financiers and developers. By investing your retirement savings in these companies, your super fund gets a … Read More
Investors rebuke NAB over fossil fuel funding at AGM, despite government threats
18 December 2020 As members of the Australian government seek to launch a probe into the legality of banks divesting from fossil fuels, NAB’s annual shareholder meeting saw its investors push for the bank to further limit funding in line with the Paris Agreement. In addition to a shareholder resolution … Read More
ANZ held to account for climate inaction at AGM
16 December 2020 Following the release of a lacklustre update to its climate policy in October, today’s ANZ annual general meeting (AGM) saw the bank’s board held to account for the gap between rhetoric and action on climate change. However, perhaps the bank wasn’t as prepared to bear the weight … Read More
Westpac 2020 AGM: funding climate failure is the ‘sweet spot’
11 December 2020 Westpac’s board knew they would be facing tough questions from shareholders at today’s annual general meeting (AGM) given the banks’ continued funding for Australia’s most climate-destructive companies, including Whitehaven Coal and Santos. The bank’s updated climate policy, released in May, was a step forward as it pledged … Read More
New Hope’s largest shareholder says it doesn’t need to think about net-zero by 2050
9 December 2020 The largest shareholder of Australian thermal coal mining company New Hope, Washington H Soul Pattinson, fielded a number of shareholder questions on the shift away from coal-fired power generation required to avoid the worst impacts of climate change. The company’s responses will do little to reassure investors … Read More
94% of Beach Energy investors reject capital protection
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