3 October 2019 In a further blow to Adani, US-based insurer AXIS Capital has withdrawn from a bid to insure the construction of the Carmichael rail line. AXIS’ move makes it the 15th major insurer and 58th company to refuse to support the construction of Adani’s coal...
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Adani could be doing an insurance deal with Lloyds, Canopius and AXIS Capital
[cs_element_section _id="1" ][cs_element_layout_row _id="2" ][cs_element_layout_column _id="3" ]UPDATE 4 October 2019 AXIS Capital and Canopius have withdrawn from the rail line insurance deal! AXIS made a statement saying it "...confirmed that...
Suncorp faces heat at its AGM as losses mount on climate impacts
Brisbane, 26 September 2019 The climate crisis dominated Suncorp's annual general meeting in Brisbane today, from the Chairman and CEO reporting losses from extreme weather events, shareholders bringing personal stories of how climate impacts are destroying their...
Take action – Call out Cbus’ climate hypocrisy
With millions of people around the world taking to the streets to call for urgent action to halt the climate crisis, Cbus has proved itself a massive climate hypocrite. At AGL’s annual general meeting, Cbus voted against a shareholder proposal that asked Australia’s...
Media release: Investors heap pressure on AGL
Thursday 19 September 2019 At today's AGM in Sydney, over 30% of shareholders, worth more than AU$3.8bn, voted against management and in support of a resolution calling on the company to reduce emissions in line with the goals of the Paris Climate Agreement. Response...
AGL shareholders demand coal plant closure
19 September 2019 AGL shareholders today sent a strong message to Australia's biggest climate polluter, with more than 30% voting in favour of a resolution demanding the company reduce emissions in line with the Paris climate goals. Only twice before has a climate...
Our super funds can help sway climate-change targets
AGL plans to operate its dirty Loy Yang coal power station until 2048 Credit: Environment Victoria 18 September 2019 Market Forces in the Media: Op-ed in the Sydney Morning Herald by Julien Vincent, Executive Director, Market Forces It was one of the loudest signals...
Tip-off reveals AIG is Adani’s insurer
16 September 2019 A tip-off from a staff member has revealed that US-based AIG is providing insurance for Adani’s preliminary works at the Carmichael coal mine site, and for Directors and Officers liability. Adani’s insurance policies are due to expire on 30 September...
BHP has agreed to set Paris-aligned goals to reduce its greenhouse gas emissions
Take action: Tell BHP you're glad the company is committed to reducing all of its greenhouse gas emissions in line with the goals of the Paris Agreement but you'll be watching to make sure they deliver on this commitment next year...
Media Release: Rio Tinto to face shareholder resolution as BHP sets Paris-aligned ‘scope 3’ emission reduction goals
Rio Tinto Pilbara expansion. Cape Lambert and Dampier and Rail. Thursday 12 September, 2019: Following BHPs confirmation that the public goals it will release next year for its “Scope 3” greenhouse gas emissions will be aligned with the Paris Agreement, externally...