19 April 2018 ‘We don’t believe that we have stranded assets’, said Woodside chairman Michael Chaney when asked about the oil and gas company’s new Scarborough gas field at today’s AGM. Watch the response here: This directly contradicts the findings of UK think tank Carbon Tracker which warned last year … Read More
Another year, another $1m in political donations from fossil fuel companies
1 February 2018 Malcolm Turnbull’s personal donation of $1.75 million around the time of the 2016 Federal election may grab all the headlines, but the ongoing contributions to political parties by Australia’s largest fossil fuel companies may explain why our climate policies are so appallingly weak. Fossil fuel companies donated … 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
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
Armour Energy on climate ‘ We can’t comment on that’
21 November 2017 Oil and gas exploration and production company Armour Energy today failed to define climate change as a material risk to its business, and refused to commit to implementing recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD). At the company’s annual general meeting in Brisbane, … 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
Seven Group Holdings assert they have no significant Environmental Liabilities
16 November 2017 This morning at Seven Group Holdings (SGH) Annual General Meeting in Sydney, Chairman Kerry Matthew Stokes reaffirmed that the company does not consider ‘climate risk’ as a material business risk. This is despite the company’s massive exposure to the energy and sector through its subsidiary SGH Energy … Read More
Cooper Energy: receiving funding from ANZ
At the Cooper Energy annual general meeting board members asserted they were conscious of environmental impacts, however they were unable to give specific details about their plans as they weren’t yet formulated. Managing Director, David Maxwell, also announced a drastic change in the company’s asset portfolio from 100% crude oil reserves … Read More
Karoon Gas: “Targets in terms of our GHG emissions will be meaningless”
9 November 2017 This morning at the Annual General Meeting of Karoon Gas in Melbourne, Chairman David Klingner expressed that setting targets in terms of Karoon’s GHG emissions will be meaningless. This is completely contradictory to the company’s commitment to disclose information in accordance to the final recommendations made by the … Read More