13 November 2018 Lakes Oil is a gas exploration company, part-owned by infamous mining magnate Gina Rinehart. Perhaps unsurprisingly, the company’s annual report makes no mention of climate change or climate risk. This was echoed in their annual general meeting today when a shareholder questioned whether climate change is considered a … Read More
Protected: Infrastructure draft
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Carnarvon Petroleum – climate change not a financial risk
9 November 2018 Western Australia-based oil and gas exploration company Carnarvon Petroleum made clear at its annual general meeting today that it does not consider climate change as a material financial risk. Chairman P. J. Leonhardt explained he had missed a page of his opening address when asked by a … Read More
Climate change – low priority for Cooper Energy
8 November 2018 Cooper Energy – an Australian gas and oil exploration and production company – was questioned at its annual general meeting (AGM) today about how climate change would affect its business. Oil and gas companies are clearly vulnerable to the impacts of climate change, including global policy decisions … Read More
BHP has no plans to walk away from climate-destroying coal
8 November 2018 Today’s BHP annual shareholder meeting in Adelaide saw the company vigorously defend its views and support for the long term viability of coal and fossil fuels. Chief executive Andrew Mackenzie used his opening address to remind shareholders that “as a major producer and consumer of fossil fuels, … Read More
CommBank: All talk, still no walk on fossil fuel finance
Brisbane, 7 November 2018 At today’s Commonwealth Bank annual general meeting (AGM), chairwoman Catherine Livingstone told shareholders she believed it was unlikely the bank would finance any new ‘greenfield’ fossil fuels proposals. Such projects include coal mines, oil and gas fields, and fossil fuel infrastructure built on completely new sites. “It’s … Read More
ERM Power’s vague promises do not make it a ‘strong climate advocate’
Power retailer and operator ERM Power doesn’t have the best track record when it comes to acting on climate change. In 2017 the company opted to pay $123 million in penalties rather than build or contract new wind and solar to comply with the Renewable Energy Target. This year … Read More
Korean lenders rule out Adani!
5 November 2018 Three Korean financial institutions have ruled out investing in the Adani Carmichael coal mine, rail line or Abbot Point coal export terminal, as confirmed in emails to the Wangan and Jagalingou (W&J) Traditional Owners Council. The W&J traditional owners are visiting Korea this week, supported by Market … Read More
Adani’s new plan, November 2018 update
5 November 2018 The next six months will be critical for whether Adani’s destructive mega coal mine goes ahead. Thanks to some cost-cutting, on both its proposed railway line and the mine itself, Adani’s Carmichael project is now a far cheaper, and therefore more bankable, proposition. A smaller initial phase … Read More
Downer board can’t face up to climate questions
1 November 2018 Downer’s board of directors were in the firing line at today’s annual general meeting (AGM), facing questions about their climate change views and the company’s stance on Australia’s emissions targets. Downer Holdings Company Ltd, as it is listed on the Australian stock exchange, has an incredibly diverse … Read More