3 April 2020 At its annual general meeting today, one of Australia’s biggest gas companies, Santos, proved it has no future in the clean, green economy we need to rapidly transition to. At the AGM, Santos fought tooth and nail against a shareholder proposal calling on the company to align … Read More
CIMIC Group refuses to rule out Adani
11 April 2019 The Adani Carmichael coal mine and rail project is perhaps the most contested mining project in Australian history. An eight-year campaign has seen more than 40 banks and insurance companies worldwide refuse to back it, as have many engineering and construction contractors. To be seen doing business … Read More
Investors support stronger climate risk disclosure at Origin Energy AGM
18 October 2017 A shareholder resolution coordinated by Market Forces, calling for improvements to Origin Energy’s climate risk disclosure received significant support from institutional investors, garnering 13.77% of shareholder votes, despite the board’s opposition. In dollar terms, investors holding approximately $1.8 billion in stock supported the call for greater climate … Read More
AGL shareholders back Liddell closure, call for rapid coal exit
27 September 2017 At AGL’s annual general meeting (AGM) today in Melbourne, 126 shareholders, collectively holding a position in the company worth $5.4 million, delivered a statement, supporting the board’s decision to close its Liddell coal power station in 2022. The shareholders asked that the board reaffirm these plans, a move … Read More
Media Release: Santos rejects climate shareholder resolution
Santos rejects climate shareholder resolution Tuesday 4 April, 2017: Environmental finance organisation Market Forces has expressed disappointment that Santos’ management has advised shareholders to reject a resolution calling on the company to acknowledge and assess the risks posed to its business by climate change. The resolution would bring Santos in … Read More
Santos shareholders lodge climate risk resolution
6 March 2017 Market Forces and over 100 individual shareholders have filed a resolution with the oil and gas major, Santos, demanding the company acknowledge and assess the risks posed to its business by climate change. The resolution is the first attempt to enforce the Financial Stability Board’s Task Force on … Read More
Devaluing Australians’ property? CommBank CAN.
9 November 2016 In September, it was reported that a Chinchilla couple were denied a $500,000 bridging loan because their property, which was to be security for the loan, was deemed unacceptable for this purpose. The bank said in an email to the couple that “Long form valuation has revealed 4 coal … 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