Armour Energy on climate ‘ We can’t comment on that’

Hydrocarbon exploration and production company Armour Energy today failed to define climate change as a material risk to business, and implement recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD). At the company’s annual general meeting in Brisbane today shareholders pressed the board on its lack of climate … Read More

Protestors meet shareholders outside New Hope AGM

At last week’s annual general meeting, protesters from Lock the Gate, Great Sandy Strait Saviours and the Oakey Coal Action Alliance met shareholders out the front to point out that company money was being wasted on public relations and legal battles over the Acland Stage 3 mine.   Expansion of … Read More

Wesfarmers shareholders want actions to match the board’s words

16 November 2017 Yesterday afternoon, consumer staples giant Wesfarmers held their annual general meeting (AGM) in Perth. The AGM saw a big turn-up of more than 2000 shareholders who demanded the board answer questions ranging from accountability and disclosure of risks related to human rights, climate change and  remunerations paid … Read More

Shareholders concerned about LNG Limited’s attitude

Liquefied Natural Gas Ltd. does not regard climate change as a material risk to business. Mounting evidence indicates that fossil fuel reserves such as gas may never be utilised due to a variety of factors such as the falling cost of renewables. As the globe begins a transition towards low … Read More

Senex; not aware of the TCFD

Today shareholders asked Senex about whether it has plans to transition to lower carbon emitting activities in line with the two degree Paris commitments. In short, the answer was no. Senex Energy is an Australian energy company listed on the ASX which engages in oil and gas exploration and production in … Read More

Cooper Energy doesn’t think climate is a material business risk

At the Cooper Energy annual general meeting board members confirmed that the company does not classify climate change as a material business risk, and is not willing to adopt the Task Force for Climate Related Financial Disclosures (TCFD). Managing Director, David Maxwell, also announced a drastic change in the company’s … Read More

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 disclose information in accordance to the final recommendations made by the … Read More

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 to deal with both the physical and transitional risks associated … Read More

Boral: “Climate not a significant risk”

2 November 2017 Last financial year, Boral Ltd spent around $300 million on energy and emitted 2.5 million tonnes of CO2 equivalent. So far this financial year the company has suffered losses of up to $10m due to the impacts of hurricanes in the US, which were exacerbated by climate … Read More