30 November 2018 "We are at heart environmentalists," CEO Robert Hosking of oil explorer and soon-to-be producer, Karoon Gas told shareholders at today's annual general meeting in Melbourne. The company, which is about to drill an offshore oil well in Peru that has a...
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Resource Generation – “dead” without Noble Group’s backing
30 November 2018 Resource Generation (Resgen) has only one asset — a coal mine they want to build in South Africa. They haven’t yet been able to reach financial close for this mine but that was not the only issue raised at their annual general meeting in Brisbane...
Armour Energy, Horizon Oil and Norwest: we’re too small to worry about climate action
30 November 2018 Armour Energy, Horizon Oil and Norwest Energy are oil and gas exploration companies with no publicly disclosed policies to address climate risk. According to their latest annual reports Horizon, Armour and Norwest have failed to: accept the science of...
Bank of Queensland dismally slow on climate action as catastrophic fires rage around the state
29 November 2018 "We only have $38 million worth of equipment that may be used in environmentally sensitive areas," Bank of Queensland (BOQ) chairman Roger Davis told the bank’s annual general meeting (AGM) in Brisbane today as fires raged around the state. Davis was...
Media release: Reaction to Adani news of self-funding Carmichael project
29 November 2018 Reacting to the news that Adani has decided to self-fund the entirety of its Carmichael coal project, Market Forces Executive Director Julien Vincent said: This is an act of desperation from Adani, which knows the window of opportunity to build its...
Financial services giant IOOF all hot air when it comes to climate action
28 November 2018 For a company that openly declared it considers climate risk at its annual general meeting (AGM) today, IOOF has done remarkably little to show how it plans to manage those risks. Earlier this year the financial services giant told shareholders it...
Vision Super dumps coal and tar sands
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text]27 November 2018 This week industry super fund Vision Super, whose membership is mainly made up of Victorian local government employees, announced that it will begin...
Seven Group and Beach Energy dragging their feet on climate disclosure
23 November 2018 Seven Group Holdings has a diverse portfolio that includes industrial services (Coates Hire, CAT dealerships), oil and gas (SGH Energy), and media (41% share in Seven West Media which includes the Seven Network and the West Australian newspaper)....
Climate a hot issue at Bluescope Steel’s annual general meeting
23 November 2018 “Our targets are based on the... Australian [emissions] requirement” chairman John Bevan told shareholders at Bluescope Steel’s annual general meeting (AGM) today in Sydney, where climate change was a hot topic. Whilst acknowledging support for the...
Coal companies called out on future viability
22 November 2018 The recent United Nations Intergovernmental Panel on Climate Change (IPCC) report found that a jump from 1.5ºC to 2ºC of warming would mean the death of the Great Barrier Reef, twice as many people worldwide exposed to water stress, and an extra...