New Hope increasingly detached from reality

New Acland coal mine, Queensland. Credit: Lock the Gate alliance

17 November 2020 At its annual general meeting today, New Hope Corporation faced a shareholder resolution calling on the company to wind up its coal production in line with the climate goals of the Paris Agreement. With the Board recommending shareholders vote against the resolution, and parent company Washington H … Read More

AustralianSuper’s new climate policy fails to raise the bar

17 November 2020 AustralianSuper’s new climate change policy has failed to even match, let alone improve on, the standard set by some of its big industry fund peers, disappointing members who were hoping to see the nation’s largest super fund take the lead on climate action. While there are some … Read More

NAB confirms it will update stance on polluting oil and gas

11 November 2020 Today NAB released its sustainability report, failing to take the minimum steps needed now to align the bank’s finance activity with the Paris Agreement, while confirming it will update its stance on funding the dirty oil and gas sector by next year. NAB’s funding for the oil … Read More

Adani Mining accidentally reveals true identity in monumental PR fail

November 6 2020 Yesterday, under the cover of the US Presidential Election, Adani Mining announced via coal-friendly media outlets that it was rebranding to “Bravus Mining and Resources”. However, this quiet name change soon turned into a public relations disaster when the real meaning of bravus was revealed by Latin … Read More

South32’s new climate plan won’t include scope 3 targets

29 October 2020 Diversified mining company South32 told shareholders today it would have “something to say” about its huge scope 3 greenhouse gas emissions (those generated from the use of its products) when the company updates its climate policy next year. However, the company isn’t expected to include any clear … Read More

CommBank fails to gaslight shareholders over its gas lending at 2020 AGM

13 October 2020 Today’s annual general meeting (AGM) heard from Commonwealth Bank shareholders who clearly feel the bank isn’t living up to its climate claims and commitments, especially considering its funding for expansion of the gas industry. Gas lending incompatible with the Paris Agreement In August 2019, CommBank committed to … Read More