31 October 2019 Construction company Wagners made it clear at its annual general meeting (AGM) in Queensland yesterday that it is not concerned by the reputational and financial risks of working on the controversial Adani Carmichael coal project. The company, which has seen significant drops in its share price over … Read More
IAG Shareholder action
Take Action: Write to IAG and ask it to follow-through on the commitments made at its 2019 annual general meeting. IAG AGM report: 25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set … Read More
IAG obscures its fossil fuel investments
25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set targets to reduce that exposure in line with limiting global warming to 1.5 degrees. IAG’s chair said getting fossil fuel exposure down to … Read More
South32 lagging on climate plans
24 October 2019 South32’s failure to bring forward emission reduction plans and commit to addressing downstream emissions leaves the company behind its big mining peers. Diversified miner South32 today confirmed it won’t be updating its emission reduction plans and targets until 2021. This will leave the company behind its big … Read More
Worley rules out Adani, but fossil fuels still on the agenda
21 October 2019 After years of pressure, Worley has finally confirmed it “has no intention” of working on the Adani Carmichael coal mine project. Engineering firm Worley was previously engaged to provide the design and construction of Adani’s original railway plan to haul coal from the Carmichael mine to the … Read More
Engineers, coal haulage, finance & insurance: Stop Adani campaign update, October 2019
20 October 2019 After another week of news and protest over rail haulers and contracts for the Carmichael rail line, who is on track in the campaign to #stopadani? The working week ended with what looked, at first glance, like a blow to the campaign to prevent Adani’s destructive Carmichael … Read More
Aurizon AGM dominated by Adani concerns
17 October 2019 Aurizon’s annual general meeting (AGM), held in Brisbane today, was dominated by concerns over Aurizon’s potential involvement in the destructive Adani Carmichael coal project. Both shareholders inside the meeting and #StopAdani activists outside called on the rail freight company to refuse to provide coal haulage services to … Read More
Getting out of coal can’t save CommBank scrutiny at its AGM
16 October 2019 In August, Commonwealth Bank took a major step forward when it committed to get out of thermal coal by 2030, a commitment that no other major bank has so far made. Today, shareholders showed their appreciation for this commitment, but quickly moved to hold the bank to … Read More
NAB, ANZ and Westpac hit with climate risk shareholder resolutions
10 October 2019 Market Forces has lodged shareholder resolutions with NAB, ANZ and Westpac, calling on the three major banks to reduce their exposure to coal, oil and gas in line with the climate goals of the Paris Agreement. The resolutions come after the major banks have continued to lend … Read More
Media Release: Three major banks face shareholder resolutions on climate action
Westpac, NAB and ANZ called upon to reduce exposure to fossil fuels in line with the Paris Agreement’s climate change goals. Thursday 10 October 2019 Environmental finance organisation Market Forces is today lodging shareholder resolutions with Westpac, NAB and ANZ today. The resolutions call for a reduction in lending and … Read More