Media release: Japanese Banks under international fire over Vietnamese coal finance
Tuesday 13 March 2018 An international coalition of civil society organisations has written to SMBC, Mizuho and MUFG, warning of the risks associated with financing the 1,200MW Nghi Son 2 coal-fired power plant in Thanh Hoa province, Vietnam. The project is sponsored by Marubeni and the Korea Electric Power Corporation (KEPCO). SMBC, … Read More
Media release: Standard Chartered breaches own climate change commitment, funds coal plant in Vietnam
Friday 9 February 2018 The London-based bank Standard Chartered is reportedly in line to co-finance the planned 1,200MW Nghi Son 2 coal-fired power plant in Thanh Hoa province, Vietnam. It is understood that the sponsors of the plant are seeking to finalise key financial agreements by the end of March … Read More
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
Orica CEO on below 2 degree warming: “it doesn’t seem that the world is heading that way”
15 December 2017 The Annual General Meeting of Orica, one of the world’s largest providers of commercial explosives and blasting systems for mining, was held this morning in Melbourne. The ASX50 company, which is heavily reliant on the coal, oil and gas industries, revealed to shareholders today that climate risk … 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
Seven Group Holdings assert they have no significant Environmental Liabilities
16 November 2017 This morning at Seven Group Holdings (SGH) Annual General Meeting in Sydney, Chairman Kerry Matthew Stokes reaffirmed that the company does not consider ‘climate risk’ as a material business risk. This is despite the company’s massive exposure to the energy and sector through its subsidiary SGH Energy … 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