9 November 2017 Yesterday Fortescue Metals Group failed to give a clear time frame for implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). As one of Australia's major energy users, Fortescue must demonstrate how it plans...
fossil fuels
NIB commits to fossil fuel divestment
1 November 2017 One of Australia’s biggest health insurers, NIB, committed to completing their divestment from fossil fuels at their annual general meeting in Sydney today, further isolating their major competitor Medibank, whose AGM is coming up on 13 November. In...
APA’s partnership with Santos faces shareholder criticism
27 October 2017 At the annual general meeting of APA held today in Sydney, company executives faced several questions from shareholders regarding their Western Slopes Pipeline project in Northern NSW. The $450 million pipeline project is a partnership with Santos to...
Whitehaven’s expansion plans contradicts the Paris Agreement
25 October, 2017 Today at the Whitehaven Coal annual general meeting (AGM), the board and CEO made it clear that the company has no intention of operating in line with the COP21 Paris Agreement. Chairman Mark Vaile and CEO Paul Flynn spoke about the company's growth...
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...
Aurizon shareholders: How does Adani coal align with 2°C?
18 October 2017 Shareholders today grilled Aurizon over its plans to build a railway that would open up the Galilee Basin to coal mining. The coal haulage company currently has a financing bid before the Northern Australia Infrastructure Facility (NAIF), rivalling...
Bluescope Steel – still a long way to go on climate risk
11 October 2017 Major energy user Bluescope Steel made the right noises about limiting emissions at the company's annual general meeting (AGM) in Melbourne today, but failed to commit to strong climate action. Despite clear evidence that a global transition away from...
Stop Adani – National Day of Action and November 1 Tour
10 October 2017 On Saturday concerned citizens around Australia turned out in their thousands to spell it out for the Federal and Queensland governments: the community is strongly against Adani’s Carmichael dirty Galilee Basin coal plans. Market Forces campaigners...
Big banks still supporting Whitehaven’s dirty coal operations
Whitehaven Coal's Maules Creek mine was recently upgraded to the EPA's highest environmental risk category, making it one of NSW's three dirtiest mines. The company is also planning to expand its Vickery coal mine, which the local community is resisting due to grave...
Putting climate and human rights centre stage
Around Australia, shareholders are acting to make companies take climate change and human rights seriously. Super fund members like you can help their cause by telling your fund to vote your retirement savings in favour of resolutions that protect people and planet....