Australia’s banks’ $10 billion fossil fuel funding flouts climate pledges MONDAY 6 MARCH, 2017: New analysis by finance group Market Forces reveals Australia’s ‘big four’ provided almost $10 billion in finance to fossil fuels across the planet in 2016 – three and a half times the amount invested in clean … Read More
Westpac tests the patience of ethical investors
9 December 2016 Westpac’s ‘clean and green’ image was shattered today at their Annual General Meeting (AGM) in Adelaide. It started outside the venue where a group of young people presented Westpac with a ‘climate hypocrite’ award for their bankrolling of dirty fossil fuel projects. The world famous fish ‘Nemo’ … Read More
Australia’s dirtiest power company, AGL, has a lot to answer for at its AGM
28 September 2016 AGL has been branded ‘Australia’s biggest polluter’ with 85% of all AGL power coming from coal. Unsurprisingly company board members were met at their annual general meeting (AGM) with protesters who demanded AGL stop contributing to the warming of the planet by bringing forward the closure of … Read More
Climate change denial goes mainstream at Macquarie AGM
28 July 2016 “There are two sides to this debate.” These were the remarks of the Macquarie Group Chairman Peter Warne, after their AGM descended into somewhat of a farce earlier today, as shareholders asked tough questions of a bank that is fast becoming a significant fossil fuel player and … Read More
How does Westpac measure up on climate?
2 December 2015 We’re in a time of year usually defined by the United Nations climate change negotiations, currently underway in Paris. But we’re also in the middle of annual general meeting (AGM) season for Australia’s big banks, and a parade of glossy brochures and statements that update the banks’ policies … Read More