Westpac rules out Abbot Point terminal

8 December 2017 Westpac today all but confirmed it would not refinance the Abbot Point coal terminal, striking another blow to the crippled Adani coal mine. Climate related questions dominated the opening of question time at the bank’s annual general meeting in Sydney, revealing a lack of awareness around its … Read More

Wesfarmers shareholders want actions to match the board’s words

17 November 2017 Yesterday afternoon, consumer staples giant Wesfarmers held their annual general meeting (AGM) in Perth. The AGM saw a big turn-out of more than 2000 shareholders who questioned the board on issues ranging from accountability, risk disclosure, human rights, climate change and executive remuneration. Wesfarmers identifies climate change … Read More

Medibank divestment driven by health impacts of climate change

13 November 2017 Australia’s biggest health insurer today announced it will divest from fossil fuels due to the negative health impacts of climate change. This is a huge win for the thousands of shareholders, customers and other members of the community who have contacted Medibank to point out the contradiction … Read More

Media Release: Climate change spurs Medibank fossil fuel divestment

Monday 13 November, 2017: Medibank’s announcement it will divest tens of millions of dollars from fossil fuels due to the ‘health effects of climate change’ has been welcomed by environmental finance group Market Forces. The decision came today in an ASX statement in advance of the health insurer’s Melbourne AGM, … Read More

Public Health Association calls on Medibank to divest

3 November , 2017 The Public Health Association of Australia (PHAA) has made a strong statement in favour of fossil fuel divestment, calling on health insurer Medibank to divest its shares in coal, oil and gas companies. The peak Australian public health body, which represents thousands of health professionals, has … Read More

IAG: Federal Government is deaf on climate change

20 October 2017 In a week dominated by the Federal Government’s capitulation to the coal lobby in its latest instalment of energy policy failure, it was an opportune time for Australia’s largest general insurer – IAG – to call out the need for tougher action on climate change at their … Read More

Suncorp to divest from fossil fuels?

21 September 2017 At Suncorp’s Annual General Meeting (AGM) in Brisbane today, company chair Ziggy Switkowski made the quite unexpected commitment to reduce the company’s fossil fuel exposure to an ‘immaterial’ amount over the next two years. The revelation came in response to repeated questions from shareholders about climate change, … Read More

Medibank losing customers due to fossil fuel investments

Medibank customers fed up with Medibank’s inaction on fossil fuel divestment have started switching to other health insurers. Medibank’s own website states, “at Medibank, we understand that the health of the environment has an impact on the health of the community.” And yet, this health insurer continues to invest customers’ … Read More