At APA’s annual general meeting last week 12.35% of shareholders voted in favour of a resolution calling on APA to disclose: how it plans to manage emissions from new gas infrastructure, including potential Beetaloo basin pipelines, and how they are compatible...
AGM
Investors greenlight Whitehaven’s staggering pipeline of coal expansion plans
Whitehaven Coal faced intense questioning from shareholders and continued investor discontent from several major investors at its annual general meeting (AGM) held in Sydney on Wednesday. The company’s remuneration plan received a 13% vote against it, signalling...
Whitehaven faces heat over executive pay linked to huge coal expansion
Wednesday 30 October: Market Forces has joined with more than 100 shareholders calling on investors to vote against Whitehaven Coal’s remuneration plan for its executives at the company’s annual general meeting (AGM) today. New Market Forces analysis finds Whitehaven...
CommBank’s climate progress scrutinised for inconsistencies
Pressure on ANZ, NAB and Westpac heading into AGMs
HESTA member submits legal request for information after fund’s ineffective efforts to push for change at Woodside
A HESTA member has today increased pressure on her super fund for failing to demand an end to Woodside’s climate-wrecking gas expansion plans. Long-term HESTA member, multidisciplinary artist and musician Tash Parker has submitted a legal request for information to...
Macquarie’s oil and gas lending brings its net zero commitments under fire
Macquarie, Australia’s fifth largest bank, faced questioning from Market Forces over inconsistencies between its oil and gas investments and its commitment to net zero emissions by 2050 at its 2024 Annual General Meeting in Sydney. As a Net Zero Banking Alliance...
Adaro’s climate destruction journey
A recap of the mounting pressures and reputational risks linked with Adaro’s controversial coal activities In 2023, Adaro published a “decarbonization journey” that supposedly would carry the company towards a green transformation. Although it has recently...
Woodside suffers world record-breaking vote against climate plan, embarrassingly large vote against Chair
Shareholders have today expressed their contempt for Woodside’s repeated failure to heed their concerns by fiercely rejecting the company’s climate strategy. Beating its own world record vote against a climate plan in 2022, a staggering 58% of Woodside’s shareholders...
Opinion: Woodside’s oil and gas investor firestorm
By Will van de Pol, CEO, Market Forces Australia’s largest oil and gas company Woodside is under fire and the company’s Chair, Richard Goyder is in damage control ahead of crucial votes by investors at the annual general meeting (AGM) this week. Mr Goyder is up for...
Big coalition of civil society organisations put AustralianSuper on notice
Today, AustralianSuper received a strong message from a big coalition of climate, environment and other civil society organisations, urging the fund to live up to its climate commitments and push for an end to Woodside’s reckless oil and gas expansion plans. The...