15 November 2018 “We’ll be doing everything we can as a company to slow down climate change” Fortescue Metals Group (FMG) chairman Andrew Forrest told shareholders today. Forrest’s proclamation at the company’s annual general meeting (AGM) was a respectable one, especially for a company that’s one of Australia’s major energy … Read More
BHP has no plans to walk away from climate-destroying coal
8 November 2018 Today’s BHP annual shareholder meeting in Adelaide saw the company vigorously defend its views and support for the long term viability of coal and fossil fuels. Chief executive Andrew Mackenzie used his opening address to remind shareholders that “as a major producer and consumer of fossil fuels, … Read More
CommBank: All talk, still no walk on fossil fuel finance
Brisbane, 7 November 2018 At today’s Commonwealth Bank annual general meeting (AGM), chairwoman Catherine Livingstone told shareholders she believed it was unlikely the bank would finance any new ‘greenfield’ fossil fuels proposals. Such projects include coal mines, oil and gas fields, and fossil fuel infrastructure built on completely new sites. “It’s … Read More
Korean lenders rule out Adani!
5 November 2018 Three Korean financial institutions have ruled out investing in the Adani Carmichael coal mine, rail line or Abbot Point coal export terminal, as confirmed in emails to the Wangan and Jagalingou (W&J) Traditional Owners Council. The W&J traditional owners are visiting Korea this week, supported by Market … Read More
Adani’s new plan, November 2018 update
5 November 2018 The next six months will be critical for whether Adani’s destructive mega coal mine goes ahead. Thanks to some cost-cutting, on both its proposed railway line and the mine itself, Adani’s Carmichael project is now a far cheaper, and therefore more bankable, proposition. A smaller initial phase … Read More
Downer board can’t face up to climate questions
1 November 2018 Downer’s board of directors faced questions at today’s annual general meeting about their climate change views and the company’s stance on Australia’s emissions targets. Downer Holdings Company Ltd, as it is listed on the Australian stock exchange, has a diverse business portfolio that includes power, oil and … Read More
Boral still won’t rule out working with Adani
30 October 2018 It’s hard to know where to begin with Boral, one of the world’s 160 most polluting companies. You could look at the fact that it’s been shying away from renewables, despite losing $15 million USD from climate-driven weather events in the last financial period. Or that its absolute emissions are … Read More
Stanmore Coal continues to dodge climate change concerns
26 October 2018 Stanmore Coal are a pure play coal company with several thermal and coking coal mining operations across Queensland. They made headlines in 2015 when they picked up a mothballed mine from Vale and Sumitomo for just $1. In 2016, we published that Stanmore Coal were in denial … Read More
South32 ‘getting out of coal’ by investing millions into it
25 October 2018 For a global mining group, South32 has been ahead of its peers not only in their willingness to accept climate science, but also in publicly disclosing the risks the business faces. The company even set an emissions reduction target of net zero by 2050 – not bad … Read More
Investors want Whitehaven Coal to disclose climate risk – but not avoid it
25 October 2018 Shareholder demands for climate risk disclosure reached a record high in Australia today, as 40% of Whitehaven Coal’s investors supported a resolution demanding the company reveal the financial risks it faces as a result of climate change. Around AUD$2 billion worth of investor support backed the climate … Read More