ANZ doesn’t intend for coal exposure to increase

19 December 2017 Climate change was a popular topic at ANZ’s annual general meeting (AGM) today in Sydney. Even before the meeting started, shareholders were greeted by Santa and some elves, who were handing out fliers highlighting ANZ’s fossil fuel lending. Inside the meeting Chairman David Gonski addressed the issue … Read More

AWE & Horizon oil- flying blind

24 November 2017 We found out today at their respective annual general meetings that both AWE and Horizon Oil do not classify climate risk as a material business risk, despite both companies’ business models relying on continued fossil fuel exploration and production. Horizon Oil CEO admitted to shareholders that climate … Read More

South32: More To Do On Climate Risk Disclosure

PERTH, 23 November 2017 At its annual general meeting in Perth today, mining company South32 came under pressure from shareholders about its reluctance to take more substantial action on climate change. Earlier this year, South32 became the first mining company in Australia, and quite possibly the world, to publish a … Read More

Beach Energy: leaking mercury

23 November 2017 In response to shareholder questioning at today’s Beach Energy AGM in Adelaide, the company’s board confirmed it would consider adopting the Task Force on Climate-related Financial Disclosures (TCFD) recommendations by the end of 2018, noting that much more work needed to be done. Shareholders also asked if … Read More

Protestors meet shareholders outside New Hope AGM

20 November 2017 At last week’s New Hope annual general meeting, protesters from Lock the Gate, Great Sandy Strait Saviours and the Oakey Coal Action Alliance met shareholders out the front to point out that company money was being wasted on public relations and legal battles over the Acland Stage … Read More

Shareholders concerned about LNG Limited’s attitude

In response to a shareholder’s question at LNG Ltd’s annual general meeting yesterday in Melbourne, the company’s auditor failed to define climate change as a material risk. The auditor also claimed that it wasn’t their job to assess matters of business risk. An unusual answer considering that in other companies, … Read More

BHP stands by climate-wrecking MCA

Melbourne, 16 November Yesterday’s BHP Billiton Annual General Meeting in Melbourne was notable for protests outside, and unhappy shareholders inside, who questioned the company’s record on climate change, its relationship with indigenous peoples and its response to the Samarco dam disaster in 2015. BHP is Australia’s largest diversified mining company, … Read More

Media release: Commbank confirms coal exit

Chairperson Catherine Livingstone will use today’s AGM to confirm Commonwealth Bank’s exit from investment in coal. In a statement submitted to the ASX and soon to be delivered at the AGM, Ms Livingstone says “our coal funding is comparatively small and has been trending down for some time. We expect … Read More

Senex not aware of the TCFD

15 November 2017 Today shareholders asked Senex about whether it has plans to transition to lower carbon emitting activities in line with the two degree Paris commitments. In short, the answer was no. Senex Energy is an Australian energy company listed on the ASX which engages in oil and gas exploration … Read More