Blog

QBE dumps thermal coal due to global warming

2 April 2019 On Saturday, Australia’s biggest coal underwriter (insurer) took the positive step of committing to phase out its entire thermal coal business by 1 January 2030. QBE also ruled out providing insurance to any new thermal coal mine, power plant or transport...

Out of line, out of time

With devastating impacts of climate change already being felt around the world, the need to act has never been more urgent. But 22 of Australia’s biggest companies are dragging us in completely the wrong direction, pursuing new fossil fuel projects and basing their...

Aurecon attempts to spin its way off the Adani List

18 March 2019 Aurecon, a major consultancy working for Adani’s Abbot Point coal port, is taking Orwellian corporate spin to a new level by telling university students and its own staff it is not working on the disastrous Adani Carmichael project. It justifies this...

QBE shareholders: take action!

Tell QBE you want them to adopt your shareholder resolution on phasing out fossil fuels 5 March 2019 Today, thanks to you, we lodged a shareholder resolution for QBE's annual general meeting co-filed with Australian Ethical, an investment manager with $2.85 billion...

QBE‘s climate credibility up in smoke

25 February 2019 QBE’s 2018 annual report, released today, disappointingly reveals the insurer will be doing absolutely nothing about its support for dirty fossil fuels for at least two more years - shredding any credibility the company had left when it comes to...