94% of Beach Energy investors reject capital protection

Beach Energy field

25 November 2020 5.4% of shareholders today formally called on Australian-focused gas and oil company Beach Energy to wind up its fossil fuel production in line with the goals of the Paris Agreement by voting in favour of a resolution put forward by more than 100 shareholders, supported by Market … Read More

Horizon Oil challenged over sustainability

Horizon Oil's offshore operations in NZ

20 November 2020 Horizon Oil was questioned over the company’s sustainability in the face a Paris-aligned energy transition at its annual general meeting today. Horizon owns oil and gas exploration, development and production assets in China and New Zealand, having recently sold its beleaguered Papua New Guinea assets. The company … Read More

Senex Energy indulging in wishful thinking

Senex Energy

19 November 2020 At its annual general meeting today, Australian gas producer Senex Energy reiterated its plans for a five-fold increase in production over the next 5 years. These plans are in stark contrast to the declines in gas use required to avoid the worst impacts of climate change, and … Read More

AustralianSuper’s new climate policy fails to raise the bar

17 November 2020 AustralianSuper’s new climate change policy has failed to even match, let alone improve on, the standard set by some of its big industry fund peers, disappointing members who were hoping to see the nation’s largest super fund take the lead on climate action. While there are some … Read More

Central Petroleum fails to back up climate risk claims

10 November 2020 With major investment decisions on new gas projects expected in the next two years, shareholders attending Central’s annual general meeting today wanted to know if the company is manging the risk that its gas projects will be left stranded by the transition to a low-carbon economy. Leading … Read More

Worley stops short of 1.5°C assessment

26 October 2020 At its annual general meeting last Friday, Worley was a pains to stress the company’s support for a low-carbon energy transition. This is consistent with recent developments at the company, which has historically provided integral engineering services to facilitate the expansion of the oil and gas sector. … Read More

APA quizzed on gas plans inconsistent with the Paris Agreement

22 October 2020 Today’s AGM saw Australia’s biggest gas pipeline company quizzed about its plans to expand gas infrastructure. Plans that are inconsistent with the climate goals of the Paris Agreement. Chairman Michael Fraser sidestepped the revenue question, failing to provide the declines in revenue expected under 1.5°C and instead … Read More

Origin Energy shuts down Traditional Owner and climate change concerns

20 October 2020 Origin Energy took advantage of the COVID-19 situation to stifle shareholders’ rights to challenge the company at its annual general meeting today. After taking questions from shareholders for less than 40 minutes, Origin Chair Gordon Cairns refused to accept any more questions on Traditional Owner concerns around … Read More

BHP shareholders call out climate hypocrisy

14 October 2020 BHP shareholders used the mining giant’s annual general meeting today to call out the glaring inconsistency between BHP’s claimed commitment to the Paris climate goals and its plans to increase fossil fuel production. Last month, BHP set new targets to reduce its operational carbon emissions (known as … Read More