QBE’s unanswered questions

Bush fire in Queensland

11 June 2019 It’s not often that an annual general meeting (AGM) can be described as compelling. QBE’s AGM held on 9 May, however, delivered the goods with several questions from the floor resulting in extraordinary exchanges between shareholders and the chairman Marty Becker and CEO Pat Regan. Unfortunately, these … Read More

Sydney Airport: taking climate seriously after flooding events

Sydney Airport is at risk from climate change related flooding

24 May 2019 What a difference a year (and some runway flooding) makes! Sydney Airport’s chairman Trevor Gerber has certainly changed his tune on taking climate risk seriously since last year’s annual general meeting. Back then, Gerber didn’t think the risks of inundation from global sea level rises was much … Read More

Buru Energy’s own testing shows higher levels of chemical contaminants

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 general meeting (AGM) in Perth. According to the Buru Energy WA fracking inquiry, the company has admitted that testing of flowback fluids from … Read More

QBE leaves door open to oil and gas phase out

Bush fire in Queensland

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 committed … Read More

AMP Chairman: “My opinions about climate change are irrelevant”

Ms Coral Bleach at AMP's 2019 AGM in Sydney

2 May 2019 Last year, AMP appointed this man as its new Chairman: With a history of climate-sceptic comments like this, it’s unsurprising that Murray was challenged over his views on climate change at AMP’s annual general meeting in Sydney today. He was given every opportunity to redeem himself when … Read More

Op-ed: Investors must reject climate denial on boards, starting with AMP

Market Forces in the media Will van de Pol, Renew Economy 30 April 2019 Climate change is already dominating the federal election campaign, as Messrs Morrison and Shorten dodge and weave protesters, aghast that either major party’s policy could still allow for massive new coal mines like Adani’s Carmichael project. … Read More

DBS gambles on coal, as scrutiny arrives at its AGM

25 April 2019 At the annual general meeting of DBS today, the Singaporean bank was challenged over its plans to excuse several proposed projects from its policy to stop funding new coal power. Last Thursday DBS released what, in all fairness, was a pretty good policy on coal power plants. … Read More