10 May 2022 There are now 112 major companies that have ruled out providing any support to the climate-wrecking Adani Carmichael coal project. However, debt administration services provider GLAS is not one of them. With Adani’s Australian coal port, NQXT, currently...
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Investor demands for Santos to wind down oil and gas production increase to 15%
3 May 2022 15% of Santos’ shareholders today defied the company’s board, demanding Santos drop its rampant oil and gas expansion plans and instead manage down production in line with a net zero emissions by 2050 pathway. This is an increase on the 13% support received...
$6.8 billion fund co-files resolution targeting QBE over weak oil and gas policies
Tuesday 3 May 2022 QBE’s board is facing a confrontation with shareholders at its AGM this Thursday, with a resolution placing its oil and gas policies under the spotlight. The resolution has been co-filed by $6.8bn Australian Ethical and shareholders coordinated by...
Corporate Japan faces record number of climate shareholder resolutions
TOKYO, Japan, 13 April 2022 Market Forces, Kiko Network, 350.org Japan, Friends of the Earth Japan, Rainforest Action Network Tokyo Stock Exchange (April 2022) Corporate Japan will this year face a record-high number of climate-focused shareholder...
How much is your super fund investing in climate-wrecking oil and gas companies Woodside and Santos?
12 April 2022 Finally, after years of delay, super funds now have to disclose all their investments. The recent release of this information reveals all of the big super funds are investing members’ money in two of Australia’s most climate-destructive companies, gas...
Seems financial institutions can divest after all
1 April 2022 The flight of capital from the Russian economy since the invasion of Ukraine has torn many of the finance sector’s arguments against fossil fuel divestment to shreds. In this devastating case of the invasion of Ukraine, investor action has come far too...
Santos’ oil and gas portfolio would halve in value under the IEA’s net zero by 2050 scenario
30 March 2022 Buried on page 40 of Santos’ new Climate Change Report is a damning chart, showing the value of the company’s oil and gas portfolio would drop by around half under the International Energy Agency’s Net Zero by 2050 scenario. Santos projects this fall...
Adani planning to self-fund coal port debt refinancing
22 March 2022 According to a note published on 14 March, Adani has indicated to the Moody’s ratings agency that it is failing to find an external source to refinance the US$500m of bonds maturing in December of this year, issued by its coal port North Queensland...
Deutsche Bank staff survey 2022
21 March 2022 Thank-you for taking the time to fill out this survey. Its purpose is to understand the views of Deutsche Bank employees regarding the bank’s reported decision to arrange finance for Whitehaven Coal, one of Australia’s most controversial coal mining...
Hostplus net zero announcement meaningless without immediate action on fossil fuel investments
15 March 2022 Today, Hostplus announced its commitment to a net zero emissions investment portfolio by 2050. However, the fund has failed to announce any near term steps or interim targets towards that goal, and remains a laggard with no policies to cut investments in...