ANZ doesn’t intend for coal exposure to increase

19 December 2017 Climate change was a popular topic at ANZ’s annual general meeting (AGM) today in Sydney. Even before the meeting started, shareholders were greeted by Santa and some elves, who were handing out fliers highlighting ANZ’s fossil fuel lending. Inside the meeting Chairman David Gonski addressed the issue … Read More

Westpac rules out Abbot Point terminal

8 December 2017 Westpac today all but confirmed it would not refinance the Abbot Point coal terminal, striking another blow to the crippled Adani coal mine. Climate related questions dominated the opening of question time at the bank’s annual general meeting in Sydney, revealing a lack of awareness around its … Read More

AWE & Horizon oil- flying blind

24 November 2017 We found out today at their respective annual general meetings that both AWE and Horizon Oil do not classify climate risk as a material business risk, despite both companies’ business models relying on continued fossil fuel exploration and production. Horizon Oil CEO admitted to shareholders that climate … Read More

Protestors meet shareholders outside New Hope AGM

20 November 2017 At last week’s New Hope 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 … Read More

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 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 … Read More

Medibank divestment driven by health impacts of climate change

13 November 2017 Australia’s biggest health insurer today announced it will divest from fossil fuels due to the negative health impacts of climate change. This is a huge win for the thousands of shareholders, customers and other members of the community who have contacted Medibank to point out the contradiction … Read More

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 drastic change in the company’s asset portfolio from 100% crude oil reserves … Read More