a2 Milk Company skims over important climate change risks

20 November 2018 The a2 Milk Company held its annual general meeting today in Melbourne. The board of the ASX200 listed milk products company admitted to shareholders they had not formally undertaken to educate themselves on climate change and climate-related risk. “I think it’s fair to say in the last … Read More

Wesfarmers: still keeping investors in the dark

Wesfarmers AGM 2018 announcement screengrab

19 November 2018 Earlier this year, Market Forces released its ‘Investing in the Dark’ research on climate risk disclosure among the top 100 ASX listed companies. Analysis revealed that Wesfarmers has made progress in: acknowledging the science of climate change classifying climate risk as a financial risk considering the risks … Read More

Fortescue Metals Group: Andrew Forrest’s twin pursuits are incompatible

15 November 2018 “We’ll be doing everything we can as a company to slow down climate change” Fortescue Metals Group (FMG) chairman Andrew Forrest told shareholders today. Forrest’s proclamation at the company’s annual general meeting (AGM) was a respectable one, especially for a company that’s one of Australia’s major energy … Read More

Newcrest Mining confused about its own climate risks

Newcrest Lihir gold mine

14 November 2018 “Newcrest is not a political party so it doesn’t necessarily take a position on whether the Paris accord is a good idea or a bad idea,” said Peter Hay, chairman of Newcrest Mining, at the company’s annual general meeting yesterday. “It’s up to the Australian people to … Read More

Senex passes the buck on climate change targets

SENEX field

15 November 2018 When it comes to measuring the financial risk of climate change, not much has changed for oil and gas company Senex over the past three years. In 2016 its auditors declared they did not consider climate risk as a financial risk. In 2017 the board still hadn’t … Read More

Climate change risks not on Central Petroleum’s radar

14 November 2018 Globally over 500 companies with trillions of dollars’ worth of assets have started to disclose the risks posed by our climate change emergency. But Central Petroleum isn’t one of them. At its annual general meeting in Brisbane yesterday it was apparent that the Northern Territory’s largest onshore gas … Read More

Lakes Oil & LNG fail to consider the financial impact of climate change

13 November – 15 November 2018 It was a case of déjà vu this week, with two gas exploration companies almost reading from the same script as they responded to shareholder concerns about climate change resilience at separate annual general meetings (AGM). Lakes Oil and Liquified Natural Gas Limited (LNG) are fossil fuel … Read More

Carnarvon Petroleum – climate change not a financial risk

9 November 2018 Western Australia-based oil and gas exploration company Carnarvon Petroleum made clear at its annual general meeting today that it does not consider climate change as a material financial risk. Chairman P. J. Leonhardt explained he had missed a page of his opening address when asked by a … Read More

Climate change – low priority for Cooper Energy

8 November 2018 Cooper Energy – an Australian gas and oil exploration and production company – was questioned at its annual general meeting (AGM) today about how climate change would affect its business. Oil and gas companies are clearly vulnerable to the impacts of climate change, including global policy decisions … Read More

Downer board can’t face up to climate questions

1 November 2018 Downer’s board of directors were in the firing line at today’s annual general meeting (AGM), facing questions about their climate change views and the company’s stance on Australia’s emissions targets. Downer Holdings Company Ltd, as it is listed on the Australian stock exchange, has an incredibly diverse … Read More