28 April 2023 Company directors under fire Nearly 35% of Woodside Energy’s shareholders voted against board member Ian Macfarlane’s re-election at the company’s annual general meeting (AGM) in Perth today. Investors also voted significantly against the re-election of directors Larry Archibald and Swee Chen Goh who received more than 13% … Read More
Santos faces Traditional Owner ire, investor demands to manage down expansion plans
6 April 2023 More than 18% of Santos’ shareholders today demanded the company drop its oil and gas expansion plans and instead manage down production in line with a net zero emissions by 2050 pathway at the company’s annual general meeting (AGM) in Adelaide. The company also faced fierce scrutiny … Read More
Austbrokers under pressure due to Adani coal links
4 November 2022 Austbrokers parent company AUB Group trotted out several classic fossil fuel industry talking points at its annual general meeting (AGM) in Sydney yesterday, in an attempt to justify its work arranging insurance for the climate-wrecking Adani/Bravus Carmichael coal project. Under questioning from shareholder proxies, AUB Chairman David … Read More
More than 20% of Whitehaven shareholders reject climate-wrecking new coal plans
26 October 2022 Whitehaven Coal faced backlash from big investors and community members both inside and outside its annual general meeting, held in Sydney today. Despite record coal prices and company profits, more than a fifth of Whitehaven’s shareholders demanded the company stop expanding and start managing down coal mining … Read More
Big four Australian banks face shareholder climate backlash at AGMs
MEDIA RELEASE Tuesday 11 October 2022: Shareholder resolutions have been lodged with ANZ, NAB and Westpac calling on the banks to stop financing coal, oil and gas expansion. The resolutions, lodged by hundreds of shareholders and coordinated by environmental finance organisation Market Forces, follow one that will go to a … Read More
14.5% of shareholders tell Woodside to start winding down production
19 May 2022 Responding to the shareholder vote on the Market Forces-coordinated shareholder resolution at Woodside’s AGM in Perth today, Market Forces Asset Management Campaigner Will van de Pol said: “Today 49% of Woodside’s shareholders rejected the company’s utterly inadequate approach to climate change, the largest vote against any Say … Read More
Rio Tinto pushed for more ambition and accountability on scope 3 emissions reductions
5 May 2022 Almost 16% of Rio Tinto’s shareholders today voted against the company’s Climate Action Plan, demonstrating the company must increase the ambition and accountability of its emission reduction efforts. Given the improvements Rio has made on its operational (scope 1 and 2) targets in the last year, the … Read More
Investor demands for Santos to wind down oil and gas production increase to 15%
3 May 2022 15% of Santos’ shareholders today defied the company’s board, demanding Santos drop its rampant oil and gas expansion plans and instead manage down production in line with a net zero emissions by 2050 pathway. This is an increase on the 13% support received for a similar resolution … Read More
Super funds undermining climate commitments
29 November 2021 Our super funds have had a number of critical opportunities to force companies they invest in to step up on climate action over the past couple of months. Yet our new analysis finds they’ve been squandering these opportunities by voting against climate action. With more crucial climate … Read More
Shareholders call for true climate leadership from BHP
Updated 9am, 12 November 2021 A total of 14.2% of BHP Group’s investors have defied the board to demand the company responsibly wind up its fossil fuel production assets in line with its stated support for net zero emissions by 2050. This morning’s ASX announcement of the combined votes for … Read More