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

Oil Search must abandon oil and gas expansion

1 May 2020 Oil Search, Australia’s third largest pure play oil and gas company, today told shareholders its current strategic review will lead the company to “settling on a strategy that is consistent with the interests of shareholders.“  Company Chair Richard Lee went on to say, “we wouldn’t set in … Read More

Woodside fights historic investor demand for Paris-alignment

30 April 2020 A record-breaking 50% of Woodside Petroleum’s investors today voted in favour of a shareholder proposal calling on the company to align with the Paris climate goals. This is an incredible result, considering the Woodside board’s vehement opposition to the resolution. Coordinated by the Australasian Centre for Corporate … Read More

Super funds continue to block climate action

23 April 2020 Major super funds in Australia are continuing to vote, on behalf of their members, against the majority of shareholder proposals that would improve companies’ climate risk management.  By investing our retirement savings in company shares, super funds get a say in how those companies are run. Our … Read More

ANZ grilled on climate inaction and secret coal plan

17 December 2019 Coal lending was on the agenda two weeks before ANZ’s annual shareholder meeting in Brisbane today, as revelations hit the news that ANZ had a secret plan to slash its thermal coal mining loans by 75% (representing more than $700 million) by 2024. The secrecy of the … Read More

Cue Energy’s empty words on climate change is not enough.

10 December 2019 Cue Energy, an Australian ASX-listed oil and gas company that operates in Australia, New Zealand and south-east Asia, had to fend off numerous climate-related questions at its annual general meeting yesterday in Melbourne. In its annual report, the company states: “(Cue) recognizes that the management of the … Read More

Oil and gas still a major focus for Karoon Energy

An offshore oil rig

29 November 2019 Karoon Energy has been given plenty of opportunities to provide a credible and evidence-based climate risk management plan, but continues to shirk this responsibility to its shareholders. At Karoon’s 2018 AGM, CEO Robert Hosking claimed “We are at heart environmentalists”. But when asked by shareholders to provide … Read More

Climate denial alive and well at Armour Energy

27 November 2019 Shareholders of Armour Energy were stunned during the company’s annual general meeting in Brisbane yesterday by Chairman Nicholas Mather’s outrageous claim that human beings are not the cause of climate change. In response to a question from a shareholder concerned about the risks climate change poses to … Read More

Super funds failing to engage with New Hope on climate risk

Coal feeder

19 November 2019 Investor claims of climate risk engagement were again called into question at today’s New Hope AGM. As a pure play coal producer with plans to open up a massive new mine, there could hardly be a better example of a company facing climate change risk. Meeting the … Read More