Armour Energy on climate ‘ We can’t comment on that’

Hydrocarbon exploration and production company Armour Energy today failed to define climate change as a material risk to business, and implement recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD). At the company’s annual general meeting in Brisbane today shareholders pressed the board on its lack of climate … Read More

Protestors meet shareholders outside New Hope AGM

At last week’s annual general meeting, protesters from Lock the Gate, Great Sandy Strait Saviours and the Oakey Coal Action Alliance met shareholders out the front to point out that company money was being wasted on public relations and legal battles over the Acland Stage 3 mine.   Expansion of … Read More

Wesfarmers shareholders want actions to match the board’s words

16 November 2017 Yesterday afternoon, consumer staples giant Wesfarmers held their annual general meeting (AGM) in Perth. The AGM saw a big turn-up of more than 2000 shareholders who demanded the board answer questions ranging from accountability and disclosure of risks related to human rights, climate change and  remunerations paid … Read More

Shareholders concerned about LNG Limited’s attitude

Liquefied Natural Gas Ltd. does not regard climate change as a material risk to business. Mounting evidence indicates that fossil fuel reserves such as gas may never be utilised due to a variety of factors such as the falling cost of renewables. As the globe begins a transition towards low … Read More

Media release: Commbank confirms coal exit

Chairperson Catherine Livingstone will use today’s AGM to confirm Commonwealth Bank’s exit from investment in coal. In a statement submitted to the ASX and soon to be delivered at the AGM, Ms Livingstone says “our coal funding is comparatively small and has been trending down for some time. We expect … Read More

Senex; not aware of the TCFD

Today shareholders asked Senex about whether it has plans to transition to lower carbon emitting activities in line with the two degree Paris commitments. In short, the answer was no. Senex Energy is an Australian energy company listed on the ASX which engages in oil and gas exploration and production in … Read More

Medibank divestment driven by health impacts of climate change

13 November 2017 Australia’s biggest health insurer today announced it will divest from fossil fuels due to the negative health impacts of climate change. This is a huge win for the thousands of shareholders, customers and other members of the community who have contacted Medibank to point out the contradiction … Read More

Cooper Energy doesn’t think climate is a material business risk

At the Cooper Energy annual general meeting board members confirmed that the company does not classify climate change as a material business risk, and is not willing to adopt the Task Force for Climate Related Financial Disclosures (TCFD). Managing Director, David Maxwell, also announced a drastic change in the company’s … Read More

Shareholder Action 2017

Market Forces is working with shareholders to put climate change on the agenda of Australia’s biggest companies, and getting some great results. Below are some highlights from annual general meetings held so far in the second half of 2017. We’ll be updating this page as AGM season ramps up throughout … Read More