On 22 June 2017, some 18 months after committing to support the aims of the Paris Agreement, Australia’s big four banks all contributed to a deal to finance more oil and gas exploration and production. Clearly, ANZ, CommBank, NAB and Westpac are yet to come to terms with exactly what … Read More
Dr. Anne Poelina and Micklo Corpus defend country at Buru’s AGM
Outside the Buru Energy Annual General Meeting (AGM) 20-30 people gathered in support of Traditional Custodians Micklo Corpus Yawuru and Dr Anne Poelina, a Nyikina Warrwa woman from the West Kimberley region of Western Australia. Noongar Elder Uncle Ben Taylor, accompanied by Mick Fuller on didgeridoo, did an official Welcome … Read More
FAR: ‘two degrees is laughable in the extreme’
FAR is an Australian owned oil and gas company which operates in Guinea-Bissau, Kenya, Australia and Senegal, a country already facing severe impacts from climate change. Currently the executive bonuses of FAR are tied to how much oil and gas they find. CEO Catherine Norman receives up to $100,000 per … Read More
Sundance: Not aware of any risks from climate change
Sundance Energy, the company that had its annual general meeting in Adelaide today, has had a tough run lately. US Secretary of State and former CEO of Exxon Mobil Mr. Tillerson sued them because he alleged that his $5 million property was in danger due to Sundance’s unconventional gas … Read More
Sino Gas: climate change not a business risk
18 May 2017 Sino Gas is a small Australian owned unconventional gas company which operates in China. Despite the known risks to land, water and human health associated with fracking, the Macquarie Bank has lent to Sino Gas, as have other international banks. Sino Gas held their annual general meeting … Read More
Santos shows contempt for investors, climate change, at its AGM
Adelaide, Thursday, 4 May 2017 A resolution that would have directed Santos to disclose the risks climate change poses to its business has been defeated at today’s annual general meeting of the company, which reiterated its intent to explore for more unconventional gas and said that when considering its future under climate … Read More
Medibank: Divest for health!
In November 2016 Medibank faced several questions from shareholders regarding their fossil fuel investments and their lack of preparedness for the impacts of global warming on their business. Six months later some customers and shareholders are starting to get restless at what appears to be a lack of action on … Read More
Westpac’s new climate policy rules out most new coal mines – including Carmichael!
28 April 2017 After years of pressure from customers, shareholders, environmental groups and the broader community, Westpac has just become the 19th bank around the world to either distance themselves from Galilee Basin coal export projects, or bring in a policy that prohibits lending to new coal mines like Adani’s. … Read More
Media Release: Westpac’s coal exclusion means no funding to Adani coal mine
Brisbane, 28 April 2017 Environmental finance campaigning organisation Market Forces has welcomed the climate change policy update released by Westpac today, which makes the bank the latest to rule out funding Adani’s Carmichael coal mine. The policy tightens the criteria for Westpac’s funding of new thermal coal mines, meaning the bank will … Read More
Media Release: Australia’s banks’ $10 billion fossil fuel funding flouts climate pledges
Australia’s banks’ $10 billion fossil fuel funding flouts climate pledges MONDAY 6 MARCH, 2017: New analysis by finance group Market Forces reveals Australia’s ‘big four’ provided almost $10 billion in finance to fossil fuels across the planet in 2016 – three and a half times the amount invested in clean … Read More
