28 October 2021 Over the last year, diversified miner South32 has set a target to halve its operational (scope 1 and 2) emissions by 2035 and reach net zero by 2050. However, as a significant metallurgical coal producer, the scope 3 emissions (mostly those generated...
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Whitehaven Coal AGM 2021: Board keeps its head in the sand over net zero by 2050
27 October 2021 Whitehaven Coal faced sustained pressure from shareholders at its AGM today over the future of its coal business in a scenario where the world reaches net zero emissions by 2050. Shareholders grilled Whitehaven’s board over the company’s planned coal...
Deutsche Bank’s involvement with Whitehaven Coal exposed in German media
23 October 2021 Share the ad on Deutsche Bank’s social media pages! On Friday morning, executives at Deutsche Bank awoke to a half-page advertisement on page 7 of Handelsblatt, a major newspaper popular in Germany’s financial world. The ad, coordinated by Market...
Suncorp and IAG not closing fossil fuel policy gaps
22 October 2021 Amidst ever-worsening extreme weather and the hits to their bottom lines it is causing, two of Australia’s three big insurers faced shareholders at their annual general meetings (AGM) recently (IAG was today, Suncorp on September 23rd). Over the last...
Narrabri gas plans undermine APA’s net zero claims
21 October 2021 Australia's biggest gas pipeline company, APA, has recently adopted an ambition to reach net zero operational emissions by 2050. It also regularly refers to driving the energy transition to support the Paris climate goals, and a net zero by 2050...
Bank of New York Mellon involved in potential Adani coal deal
UPDATE: 5 November 2021. Bank of New York Mellon has withdrawn from the deal and will resign its role with Adani in Australia. See our blog for further information. 21 October 2021 It has been revealed that an Australian subsidiary of Bank of New York Mellon (BNYM)...
Rio Tinto improves emissions targets, but still lacks measurable scope 3 commitment
20 October 2021 Rio Tinto this afternoon announced improved climate commitments, including: Targets to reduce scope 1 & 2 emissions by 50% by 2030, and 15% by 2025 (from 2018 baseline of 32.6 Mt CO2 equivalent)~$7.5 billion in capital expenditure to decarbonise...
Origin Energy faces shareholder backlash over climate, fracking and Traditional Owner concerns
20 October 2021 Strong opposition to Origin's plans to open up the giant Beetaloo gas basin in the Northern Territory to fracking was voiced by Traditional Owners at the company's AGM today, while votes on shareholder proposals delivered significant investor rebukes...
Tell GIP: don’t enable Woodside’s climate-wrecking Scarborough gas project
18 October 2021 After thousands of community members took action, infrastructure investor Brookfield has reportedly decided not to partner with Woodside on its climate-wrecking Scarborough-Pluto gas project. This is great news, and a reward for the efforts of...
Spread the word about Commbank’s dirty fossil fuel funding
13 October 2021 Commonwealth Bank shareholders today gathered at the company’s virtual annual general meeting (AGM), where they held the bank to account for all manner of issues, key among which is Commbank’s continued heavy financing for dirty fossil fuels. In fact,...