Soul Patts shuts down AGM rather than answer questions on coal

Coal feeder

6 November 2019 Washington H Soul Pattinson went to extraordinary lengths to avoid questions on coal and climate change at its annual general meeting today, pushing all questions to the end of the meeting before shutting the entire AGM down after just a few questions. It’s no surprise that climate … Read More

Oil and gas still a major focus for Karoon Energy

An offshore oil rig

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 a clear scenario … Read More

Super funds let Beach Energy off the hook on climate change

26 November 2019 Another week, another Australian fossil fuel company belies super funds’ climate engagement claims. Earlier this year, Market Forces named oil and gas producer Beach Energy as one of the 21 big Australian companies undermining climate action. With plans to spend around $750 million each year to massively … Read More

Horizon Oil’s expansion undermines Paris climate goals

Horizon Oil's offshore operations in NZ

22 November 2019 Horizon Oil’s cursory approach to climate risk disregards the reality that the Paris Agreement leaves no room for oil expansion. According to its Sustainability Report, Horizon Oil is working towards full implementation of the G20 Task Force on Climate-Related Financial Disclosure (TCFD) recommendations. However, Horizon’s disclosures to … Read More

Seven Group Holdings has no fossil fuel exit plan

Seven Group Holdings AGM 2019

20 November 2019 In response to shareholder questioning at Seven Group Holdings’ annual general meeting in Sydney today, Director Terry Davis confirmed the company has no exit plan for its oil and gas businesses. With ownership stakes in a range of businesses and industries, SGH is able – but not … Read More

How many years has Central Petroleum got left?

7 November 2019 Oil and gas producer and explorer Central Petroleum was today challenged over its token efforts to understand and respond to climate change risks. Central Petroleum listed climate change, and particularly potential carbon pricing, as a principal risk in its 2019 annual report. However, at today’s annual general … Read More

Expectations set for Boral’s next steps on climate risk

6 November 2019 As a major greenhouse gas polluter with exposure to the coal power sector, Boral still has plenty of work to do on climate risk management. Two years ago, Boral didn’t think climate change posed a significant risk to its business. For a company that in 2017 had … Read More

Fortescue Metals Group falling behind on scope 3 emissions

29 October 2019 One of Australia’s biggest iron ore miners is falling behind its peers when it comes to managing the risks posed by its emissions-intensive value chain. Earlier this year, Fortescue Metals Group CEO Elizabeth Gaines said scope 3 emissions should not be considered in government project approvals processes. … Read More

Bendigo Bank fails to back Paris Agreement for second year running

29 October 2019 Bendigo and Adelaide Bank enjoys a lot of kudos for being one of Australia’s medium-sized banks that doesn’t invest in fossil fuels. Thousands of Australians have moved to Bendigo Bank as a result of its position on our banks comparison table. But at the bank’s annual general … Read More