15 November 2019 LNG Limited shareholders are clearly fed up with the company’s terrible financial performance in recent years, with the company’s share price now sitting at less than 5% of its 2015 peak. Huge protest votes were cast by LNG Limited shareholders regarding all items of business at the … Read More
Medibank claims fossil fuel divestment, but hasn’t finished the job
14 November 2019 What a difference a few years makes. Back in 2016, when the climate crisis was first raised by shareholders at the Medibank annual general meeting (AGM), the company seemed to have given no consideration to the impacts that fossil fuel pollution and global warming would have on … Read More
Whitebark Energy: “No question” about oil and gas demand increasing
11 November 2019 Whitebark Energy’s shortcomings on climate risk disclosure and management were top of the agenda for shareholders attending the oil and gas company’s AGM in Perth today. Whitebark Energy owns oil and gas exploration and production assets in Canada and Western Australia, so is entirely reliant on future … Read More
Cooper Energy following 4°C global warming path
7 November 2019 In response to questioning at the company’s annual general meeting today, Cooper Energy confirmed it has “set its future operations against” a 4°C global warming scenario. Cooper’s 2019 Sustainability Report stated the company is developing scenarios to assess climate-related risks and opportunities, which it says are based … Read More
How many years has Central Petroleum got left?
7 November 2019 Oil and gas producer and explorer Central Petroleum was today challenged over its token efforts to understand and respond to climate change risks. Central Petroleum listed climate change, and particularly potential carbon pricing, as a principal risk in its 2019 annual report. However, at today’s annual general … Read More
BHP commits to reaching net-zero emissions by 2050
7 November, 2019 BHP Chair Ken MacKenzie has publicly applauded the European Commission’s proposal to achieve net-zero emissions by 2050. However, until now it has been unclear as to whether BHP will adopt the same goals. This appears to have resolved at today’s annual general meeting in Sydney, where a … Read More
Expectations set for Boral’s next steps on climate risk
6 November 2019 As a major greenhouse gas polluter with exposure to the coal power sector, Boral still has plenty of work to do on climate risk management. Two years ago, Boral didn’t think climate change posed a significant risk to its business. For a company that in 2017 had … Read More
Wagners willing to risk business for Adani
31 October 2019 Construction company Wagners made it clear at its annual general meeting (AGM) in Queensland yesterday that it is not concerned by the reputational and financial risks of working on the controversial Adani Carmichael coal project. The company, which has seen significant drops in its share price over … Read More
Fortescue Metals Group falling behind on scope 3 emissions
29 October 2019 One of Australia’s biggest iron ore miners is falling behind its peers when it comes to managing the risks posed by its emissions-intensive value chain. Earlier this year, Fortescue Metals Group CEO Elizabeth Gaines said scope 3 emissions should not be considered in government project approvals processes. … Read More
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