19 April 2018 "We don’t believe that we have stranded assets," said Woodside chairman Michael Chaney when asked about the oil and gas company’s new Scarborough gas field at today’s AGM. Watch the response here: This directly contradicts the findings of UK think tank...
AGM
Adani unravels and major institutions dump coal. This was 2017.
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"]In the nearly five years since Market Forces began, there has not been a more successful and fast-changing year as 2017. Let's take a look at the year that...
Shareholder Action 2017
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ANZ doesn’t intend for coal exposure to increase
19 December 2017 Climate change was a popular topic at ANZ’s annual general meeting (AGM) today in Sydney. Even before the meeting started, shareholders were greeted by Santa and some elves, who were handing out fliers highlighting ANZ’s fossil fuel lending. Inside...
Orica CEO on below 2 degree warming: “it doesn’t seem that the world is heading that way”
15 December 2017 The Annual General Meeting of Orica, one of the world’s largest providers of commercial explosives and blasting systems for mining, was held this morning in Melbourne. The ASX50 company, which is heavily reliant on the coal, oil and gas industries,...
NAB confirms thermal coal ban at AGM
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Westpac rules out Abbot Point terminal
8 December 2017 Westpac today all but confirmed it would not refinance the Abbot Point coal terminal, striking another blow to the crippled Adani coal mine. Climate related questions dominated the opening of question time at the bank’s annual general meeting in...
AWE & Horizon oil- flying blind
24 November 2017 We found out today at their respective annual general meetings that both AWE and Horizon Oil do not classify climate risk as a material business risk, despite both companies' business models relying on continued fossil fuel exploration and production....
IOOF’s attitude to climate disclosure: “there’s really not much we can do”
23 November 2017 When asked by shareholders, at today’s annual general meeting, if IOOF would implement recommendations from the the Task Force for Climate related Financial Disclosures, chairman George Venardos claimed "there’s really not much we can do." It is...
South32: More to do on climate risk disclosure
23 November 2017 At its annual general meeting in Perth today, mining company South32 came under pressure from shareholders about its reluctance to take more substantial action on climate change. Earlier this year, South32 became the first mining company in Australia,...