23 May 2019 Alumina Limited is one of Australia’s top ASX-listed mining companies. As its name suggests, the company focuses on alumina, the material refined from bauxite and used for aluminium production. Australia is the second largest alumina producer in the...
Blog
Buru Energy’s own testing shows higher levels of chemical contaminants
Protest against fracking outside Buru Energy's AGM in Perth, May 2019 Buru Energy, a West Australian-based exploration and production company, is planning to re-inject wastewater from fracking wells into the earth said chairman Eric Streitberg at today’s annual...
Media release: Japan’s MUFG commits to end financing for new coal projects, NGOs call for further steps
16 May 2019 | Joint release: No Coal Japan International NGOs advert in the Financial Times (Asia), 14 May 2019 Japanese and international environmental NGOs welcomed Mitsubishi UFJ Financial Group (MUFG)’s release of its revised environmental and social policy...
Non, merci! Rothschild & Co. walks away from Adani
16 May 2019 In May 2018 it was revealed that French investment bank Rothschild and Co was helping Adani to sell a minority stake in the Abbot Point coal terminal on the North Queensland coast. The terminal would act as the port through which coal from the proposed...
Japanese megabanks faced with international ad in the Financial Times
NGOs from Vietnam, Indonesia, Japan and around the world have placed a full-page advertisement in the Financial Times today calling for Japanese megabanks - Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Financial Group...
Talanx leaves open loopholes to underwrite Vietnamese coal power
Photo credit: Kiều Tấn Tiến 10 May 2019 German insurer Talanx announced last month it planned to stop underwriting new coal power plants and coal mines, and envisages that its portfolio would no longer include any coal-fired power plants or coal mines from 2038...
General Electric chooses to ignore clean energy transition
Credit: Pexel Photos 10 May 2019 Yesterday in New York at General Electric's (GE) annual general meeting, (AGM) shareholders called out their CEO, H. Lawrence Culp Jr., for GE’s role in constructing new coal-fired power stations around the world, jeopardizing its own...
QBE leaves door open to oil and gas phase out
QBE Insurance faced a barrage of questions as well as a shareholder resolution calling for the company to set targets to phase out its exposure to all fossil fuels at its annual general meeting on 9 May 2019. Although QBE took a big step forward in March when it...
Adelaide Brighton: not making concrete commitments to Paris
10 May 2019Australian cement manufacturer Adelaide Brighton's CEO Nick Miller said today that there are opportunities to align his company's emission reduction targets with the Paris climate accord, although made no commitments. His statement was in response to a...
Rio Tinto investors baulk at climate risk management
9 May 2019 The vast majority of Rio Tinto's investors - which includes just about every super fund in Australia - today failed to ensure the company acts to manage down its exposure to climate change risk. A Market Forces-coordinated shareholder resolution was put to...