Wednesday, 27 September 2023 Ahead of TotalEnergies’ Investor Day in France, Australian banks ANZ and NAB and Japanese banks MUFG, SMBC, and Mizuho received letters from Market Forces, Jubilee Australia and Papua New Guinean civil society organisation CELCOR (Center for Environmental Law and Community Rights Inc.) calling on the banks … Read More
After record vote against climate report in 2022, Woodside now sees record protest vote against directors
28 April 2023 Company directors under fire Nearly 35% of Woodside Energy’s shareholders voted against board member Ian Macfarlane’s re-election at the company’s annual general meeting (AGM) in Perth today. Investors also voted significantly against the re-election of directors Larry Archibald and Swee Chen Goh who received more than 13% … Read More
Santos faces Traditional Owner ire, investor demands to manage down expansion plans
6 April 2023 More than 18% of Santos’ shareholders today demanded the company drop its oil and gas expansion plans and instead manage down production in line with a net zero emissions by 2050 pathway at the company’s annual general meeting (AGM) in Adelaide. The company also faced fierce scrutiny … Read More
Spirit Super must stop new oil and gas projects or divest from the companies pursuing them
13 December 2022 Spirit Super updated its climate targets this year, aiming to reduce both the fossil fuel reserves and carbon emissions in its investment portfolio by 50% by the end of this decade. Yet the fund remains invested in companies seeking to massively expand oil and gas production, leaving … Read More
NAB refinances the climate-wrecking Coastal GasLink pipeline
NAB has once again failed to match its rhetoric and commitments on climate change with real action, refinancing a new gas pipeline project in Canada. At its 2021 annual general meeting (AGM) NAB Chairman Phil Chronican told shareholders and Traditional Owners that its financing of the enormous climate-wrecking Coastal GasLink … Read More
Behind Bangladesh’s carbon catastrophe
OPINION | Munira Chowdhury, Acting Research Coordinator When I mention Bangladesh, people think of a country prone to devastating floods and cyclones. It’s true. Right now, millions of Bangladeshis are stranded without safe drinking water and food after the worst floods in more than 120 years has turned parts of … Read More
14.5% of shareholders tell Woodside to start winding down production
19 May 2022 Responding to the shareholder vote on the Market Forces-coordinated shareholder resolution at Woodside’s AGM in Perth today, Market Forces Asset Management Campaigner Will van de Pol said: “Today 49% of Woodside’s shareholders rejected the company’s utterly inadequate approach to climate change, the largest vote against any Say … Read More
Investor demands for Santos to wind down oil and gas production increase to 15%
3 May 2022 15% of Santos’ shareholders today defied the company’s board, demanding Santos drop its rampant oil and gas expansion plans and instead manage down production in line with a net zero emissions by 2050 pathway. This is an increase on the 13% support received for a similar resolution … Read More
Seems financial institutions can divest after all
1 April 2022 The flight of capital from the Russian economy since the invasion of Ukraine has torn many of the finance sector’s arguments against fossil fuel divestment to shreds. In this devastating case of the invasion of Ukraine, investor action has come far too late. For years, and especially … Read More
Repeat offenders NAB, ANZ and Westpac bankrolling “bet against the Paris Agreement”
NAB, ANZ and Westpac are among 18 global banks that have loaned1 to a gas processing facility that paves the way for a carbon bomb at the scale of 15 coal power stations. The banks—including Japanese megabanks Mizuho, MUFG and SMBC, UK’s HSBC and Standard Chartered, and Bank of China—have … Read More