Bendigo Bank fails to back Paris Agreement for second year running

29 October 2019 Bendigo and Adelaide Bank enjoys a lot of kudos for being one of Australia’s medium-sized banks that doesn’t invest in fossil fuels. Thousands of Australians have moved to Bendigo Bank as a result of its position on our banks comparison table. But at the bank’s annual general … Read More

IAG obscures its fossil fuel investments

25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set targets to reduce that exposure in line with limiting global warming to 1.5 degrees. IAG’s chair said getting fossil fuel exposure down to … Read More

South32 lagging on climate plans

24 October 2019 South32’s failure to bring forward emission reduction plans and commit to addressing downstream emissions leaves the company behind its big mining peers. Diversified miner South32 today confirmed it won’t be updating its emission reduction plans and targets until 2021. This will leave the company behind its big … Read More

APA’s gas pipe dreams A-OK with investors

24 October 2019 Australia’s biggest gas pipeline company’s plans for gas expansion are inconsistent with the climate goals of the Paris Agreement. But investors don’t seem to care. With gas use for primary energy expected to fall to 25% by 2030 under a 1.5°C warming scenario, shareholders attending APA’s annual … Read More

Worley rules out Adani, but fossil fuels still on the agenda

21 October 2019 After years of pressure, Worley has finally confirmed it “has no intention” of working on the Adani Carmichael coal mine project. Engineering firm Worley was previously engaged to provide the design and construction of Adani’s original railway plan to haul coal from the Carmichael mine to the … Read More

Aurizon AGM dominated by Adani concerns

17 October 2019 Aurizon’s annual general meeting (AGM), held in Brisbane today, was dominated by concerns over Aurizon’s potential involvement in the destructive Adani Carmichael coal project. Both shareholders inside the meeting and #StopAdani activists outside called on the rail freight company to refuse to provide coal haulage services to … Read More

Whitehaven Coal pins hopes to catastrophic 4°C scenario

17 October 2019 Australia’s biggest dedicated coal miner, Whitehaven Coal, went to great lengths to talk up the prospects of demand growth for its product at the company’s annual general meeting in Sydney today. What the Whitehaven board failed to mention, however, was the fact that those demand projections are … Read More

Getting out of coal can’t save CommBank scrutiny at its AGM

16 October 2019 In August, Commonwealth Bank took a major step forward when it committed to get out of thermal coal by 2030, a commitment that no other major bank has so far made. Today, shareholders showed their appreciation for this commitment, but quickly moved to hold the bank to … Read More

Super funds back Origin’s smoke and mirrors climate plan

16 October 2019 Origin Energy’s annual general meeting today was dominated by shareholder and community concerns over the climate, environmental and social impacts of the company’s dirty fossil fuel operations and plans. That’s not surprising given Origin is one of Australia’s biggest greenhouse gas polluters and has plans to prolong … Read More