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 … Read More
Mineral Commodities Ltd chairman accuses a South African proxy holder of abandoning his country at AGM
Mineral Commodities Limited (MRC) is a company listed on the Australian Stock Exchange, which operates in Australia, South Africa and Iran. It’s currently planning to mine titanium along a 22km stretch of South Africa’s eastern Wild Coast. The Amadiba Crisis Committee (ACC) is a community-led initiative in the Xolobeni region … Read More
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 inundation from global sea level rises was much … Read More
“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 world. Aluminium is used to make cars, building … Read More
Buru Energy’s own testing shows higher levels of chemical contaminants
Buru Energy, a West Australian-based exploration and production company, is planning to re-inject wastewater from fracking wells into the earth said chairman Eric Streitberg at today’s annual general meeting (AGM) in Perth. According to the Buru Energy WA fracking inquiry, the company has admitted that testing of flowback fluids from … Read More
Talanx leaves open loopholes to underwrite Vietnamese coal power
10 May 2019 German insurer Talanx announced last month it planned to stop underwriting new coal power plants and coal mines, and envisages that its portfolio would no longer include any coal-fired power plants or coal mines from 2038 onward. While this sounds good on paper, its policy has significant … Read More
General Electric chooses to ignore clean energy transition
10 May 2019 Yesterday in New York at General Electric’s (GE) annual general meeting, (AGM) shareholders called out their CEO, H. Lawrence Culp Jr., for GE’s role in constructing new coal-fired power stations around the world, jeopardizing its own future viability as an energy company and that of our collective … Read More
QBE leaves door open to oil and gas phase out
QBE Insurance faced a barrage of questions as well as a shareholder resolution calling for the company to set targets to phase out its exposure to all fossil fuels at its annual general meeting on 9 May 2019. Although QBE took a big step forward in March when it committed … Read More
Adelaide Brighton: not making concrete commitments to Paris
10 May 2019Australian cement manufacturer Adelaide Brighton’s CEO Nick Miller said today that there are opportunities to align his company’s emission reduction targets with the Paris climate accord, although made no commitments. His statement was in response to a shareholder at the company’s annual general meeting asking if Adelaide Brighton … Read More
Rio Tinto investors baulk at climate risk management
9 May 2019 The vast majority of Rio Tinto’s investors – which includes just about every super fund in Australia – today failed to ensure the company acts to manage down its exposure to climate change risk. A Market Forces-coordinated shareholder resolution was put to Rio Tinto’s annual general meeting … Read More