11 November 2019 Whitebark Energy’s shortcomings on climate risk disclosure and management were top of the agenda for shareholders attending the oil and gas company’s AGM in Perth today. Whitebark Energy owns oil and gas exploration and production assets in Canada and Western Australia, so is entirely reliant on future … Read More
How many years has Central Petroleum got left?
7 November 2019 Oil and gas producer and explorer Central Petroleum was today challenged over its token efforts to understand and respond to climate change risks. Central Petroleum listed climate change, and particularly potential carbon pricing, as a principal risk in its 2019 annual report. However, at today’s annual general … Read More
IAG Shareholder action
Take Action: Write to IAG and ask it to follow-through on the commitments made at its 2019 annual general meeting. IAG AGM report: 25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set … Read More
Which super fund did you leave?
If you’re a member of a super fund that doesn’t invest in fossil fuels, you’ve already taken action to align your money with your values. But there’s one more thing you can do to have maximum impact. We’re collecting information about how many members have switched out of their super … Read More
IAG obscures its fossil fuel investments
25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set targets to reduce that exposure in line with limiting global warming to 1.5 degrees. IAG’s chair said getting fossil fuel exposure down to … Read More
APA’s gas pipe dreams A-OK with investors
24 October 2019 Australia’s biggest gas pipeline company’s plans for gas expansion are inconsistent with the climate goals of the Paris Agreement. But investors don’t seem to care. With gas use for primary energy expected to fall to 25% by 2030 under a 1.5°C warming scenario, shareholders attending APA’s annual … Read More
Worley rules out Adani, but fossil fuels still on the agenda
21 October 2019 After years of pressure, Worley has finally confirmed it “has no intention” of working on the Adani Carmichael coal mine project. Engineering firm Worley was previously engaged to provide the design and construction of Adani’s original railway plan to haul coal from the Carmichael mine to the … Read More
Media Release: Three major banks face shareholder resolutions on climate action
Westpac, NAB and ANZ called upon to reduce exposure to fossil fuels in line with the Paris Agreement’s climate change goals. Thursday 10 October 2019 Environmental finance organisation Market Forces is today lodging shareholder resolutions with Westpac, NAB and ANZ today. The resolutions call for a reduction in lending and … Read More
Suncorp and QBE abandon coal but are still undermining Paris Agreement
1 August 2019 The insurance sector globally is waking up to the fact that if it wants to avoid the growing impact on its profits caused by the climate crisis, it needs to stop providing insurance to and investing in the companies that are fuelling it. At least 16 major … Read More
Market Forces’ take on BHP’s latest climate commitments
31 July 2019 Last week, BHP Billiton CEO Andrew Mackenzie made a speech in London that grabbed global headlines for two main reasons: The language he used made it clear that, even if BHP has a long way to go on addressing climate risk, there’s no doubt that the company … Read More
