Origin Energy shuts down Traditional Owner and climate change concerns

20 October 2020 Origin Energy took advantage of the COVID-19 situation to stifle shareholders’ rights to challenge the company at its annual general meeting today. After taking questions from shareholders for less than 40 minutes, Origin Chair Gordon Cairns refused to accept any more questions on Traditional Owner concerns around … Read More

BHP shareholders call out climate hypocrisy

14 October 2020 BHP shareholders used the mining giant’s annual general meeting today to call out the glaring inconsistency between BHP’s claimed commitment to the Paris climate goals and its plans to increase fossil fuel production. Last month, BHP set new targets to reduce its operational carbon emissions (known as … Read More

CommBank fails to gaslight shareholders over its gas lending at 2020 AGM

13 October 2020 Today’s annual general meeting (AGM) heard from Commonwealth Bank shareholders who clearly feel the bank isn’t living up to its climate claims and commitments, especially considering its funding for expansion of the gas industry. Gas lending incompatible with the Paris Agreement In August 2019, CommBank committed to … Read More

AGL refuses to wind up coal power in line with Paris goals

7 October 2020 AGL today refused to adopt a shareholder proposal to bring forward the closure of its coal fired power stations in line with the company’s own analysis of closure dates required to meet the Paris Agreement’s 1.5°C warming goal. Big investors, including many of Australia’s super funds supported … Read More

Shareholder resolutions call for fossil fuel wind up plans

Market Forces is supporting shareholders to call on companies to demonstrate how they will ‘wind up’ (bring about an end to) coal, oil and gas production over time, protecting money from being wasted on new projects, and supporting workers as the economy rapidly moves on from fossil fuels to meet … Read More

Macquarie fails to commit to coal and gas phase outs

30 July 2020 Major Australian financial institution Macquarie was today challenged over its involvement in the coal and gas industries, and the risks this poses to shareholders, communities and the environment. Macquarie claims its “lending exposures to [the coal] sector are limited and we expect them to run off over … Read More

Marsh & McLennan present greenwash at AGM

28 May 2020 Marsh and McLennan’s 183-word ‘Client engagement principles’ is not a climate policy, it is greenwash. Last week Marsh & McLennan (MMC), Adani’s insurance broker Marsh’s parent company, held its 2020 annual general meeting (AGM). Following months of intense pressure in the lead-up to the AGM, not only … Read More

FAR Ltd betting against Paris climate goals

An offshore oil rig

27 May 2020 FAR Ltd is an oil and gas exploration company, with one major project nearing development: the Sangomar oil field off Senegal’s coast. With the company’s entire business model predicated on new oil and gas developments that cannot be burned in a 1.5°C warming scenario, Market Forces has … Read More

Adelaide Brighton investors must demand Paris-aligned targets

19 May 2020 In response to questioning from shareholders at its annual general meeting today, Australian construction material company Adelaide Brighton suggested its weak emission reduction targets could be stepped up to align with the Paris climate goals over the coming year. Investors must now use their position to hold … Read More