Boral too slow to address climate risk

27 October 2020 Climate change risk was once again on the agenda at Boral’s annual general meeting today, as it has been since 2017. Despite the clear expectations set by shareholders over these past years, Boral progress on addressing both the physical and transitional risks climate change poses to its … Read More

BHP shareholders call out climate hypocrisy

14 October 2020 BHP shareholders used the mining giant’s annual general meeting today to call out the glaring inconsistency between BHP’s claimed commitment to the Paris climate goals and its plans to increase fossil fuel production. Last month, BHP set new targets to reduce its operational carbon emissions (known as … Read More

CommBank fails to gaslight shareholders over its gas lending at 2020 AGM

13 October 2020 Today’s annual general meeting (AGM) heard from Commonwealth Bank shareholders who clearly feel the bank isn’t living up to its climate claims and commitments, especially considering its funding for expansion of the gas industry. Gas lending incompatible with the Paris Agreement In August 2019, CommBank committed to … Read More

FAR Ltd betting against Paris climate goals

An offshore oil rig

27 May 2020 FAR Ltd is an oil and gas exploration company, with one major project nearing development: the Sangomar oil field off Senegal’s coast. With the company’s entire business model predicated on new oil and gas developments that cannot be burned in a 1.5°C warming scenario, Market Forces has … Read More

Fossil fuel investments tanking

16 May 2020 The value of Australia’s fossil fuel producers has tanked over the last 10 years, a trend which has been exacerbated during the Covid-19 pandemic. We identified 11 companies in the top 300 listed on the Australian share market (ASX 300) whose sole business is producing coal, oil … Read More

Caltex still has no emission targets or fossil fuel exit plans

14 May 2020 Caltex claims to support the Paris climate goals, but still has not set any targets to bring down its greenhouse gas emissions, or transition away from its fossil fuel operations. The company today told shareholders it plans to continue investing in its oil refining business, which has … Read More

Huge gains in investor support for real climate action at Rio Tinto

7 May 2020 37% of Rio Tinto’s shareholders today voted in favour of a shareholder proposal calling on the mining giant to set Paris-aligned targets to reduce its greenhouse gas emissions, including those generated by the use of its products. Given Rio Tinto’s board opposed the proposal, the vote represents … Read More

QBE’s fossil fuel inconsistency questioned at AGM

7 May 2020 As has been the case now for several years (see 2019 and 2018), fossil fuels and the climate crisis dominated insurance company QBE’s annual general meeting (AGM) today, despite it being shifted online due to the COVID-19 pandemic. With QBE having announced its exit from thermal coal … Read More