Chairperson Catherine Livingstone will use today’s AGM to confirm Commonwealth Bank’s exit from investment in coal. In a statement submitted to the ASX and soon to be delivered at the AGM, Ms Livingstone says “our coal funding is comparatively small and has been...
climate change
Senex not aware of the TCFD
15 November 2017 Today shareholders asked Senex about whether it has plans to transition to lower carbon emitting activities in line with the two degree Paris climate commitments. In short, the answer was no. Senex Energy is an Australian energy company listed on the...
Medibank divestment driven by health impacts of climate change
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"]13 November 2017Australia's biggest health insurer today announced it will divest from fossil fuels due to the negative health impacts of climate change.This...
Cooper Energy: receiving funding from ANZ
At the Cooper Energy annual general meeting board members asserted they were conscious of environmental impacts, however they were unable to give specific details about their plans as they weren't yet formulated. Managing Director, David Maxwell, also announced a...
Karoon Gas: “Targets in terms of our GHG emissions will be meaningless”
9 November 2017 This morning at the Annual General Meeting of Karoon Gas in Melbourne, Chairman David Klingner expressed that setting targets in terms of Karoon's GHG emissions will be meaningless. This is completely contradictory to the company's commitment to...
Fortescue avoids tough questions on climate
9 November 2017 Yesterday Fortescue Metals Group failed to give a clear time frame for implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). As one of Australia's major energy users, Fortescue must demonstrate how it plans...
Big banks still nearly $30 billion exposed to coal, oil and gas extraction
All four of Australia's major retail banks have now reported their 2017 full year results and it is clear they are still heavily invested in fossil fuels. Collectively, ANZ, Commonwealth Bank, NAB and Westpac are exposed to coal mining and oil & gas extraction to...
Downer refuses to shed any light on Chinese involvement in Adani mine
2 November 2017 The board of Downer EDI today came under intense pressure from shareholders at its Annual General Meeting (AGM) over the company’s relationship with Adani and the planned Carmichael coal mine. In an unprecedented move that suggested the board wanted...
Boral: “Climate not a significant risk”
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"]2 November 2017Last financial year, Boral Ltd spent around $300 million on energy and emitted 2.5 million tonnes of CO2 equivalent. So far this financial...
APA’s partnership with Santos faces shareholder criticism
27 October 2017 At the annual general meeting of APA held today in Sydney, company executives faced several questions from shareholders regarding their Western Slopes Pipeline project in Northern NSW. The $450 million pipeline project is a partnership with Santos to...