20 October 2021 Strong opposition to Origin's plans to open up the giant Beetaloo gas basin in the Northern Territory to fracking was voiced by Traditional Owners at the company's AGM today, while votes on shareholder proposals delivered significant investor rebukes...
gas
Tell GIP: don’t enable Woodside’s climate-wrecking Scarborough gas project
18 October 2021 After thousands of community members took action, infrastructure investor Brookfield has reportedly decided not to partner with Woodside on its climate-wrecking Scarborough-Pluto gas project. This is great news, and a reward for the efforts of...
Tell Brookfield: don’t enable Woodside’s climate-wrecking Scarborough gas project
Despite the science telling us there is no room for new fossil fuel projects if we’re to meet the Paris climate goals, Woodside Petroleum is trying to build a destructive gas project on the West Australian coast, which would include a massive new offshore gas field...
NAB to ‘measure itself against’ IEA’s Net Zero by 2050 scenario
10 September 2021 NAB’s key executives appeared yesterday at the Australian Parliament’s Standing Committee on Economics, and addressed the review of the bank’s oil and gas policy—due for release “in the coming months”. While the bank had previously stated it’s...
BHP lets Woodside go all in on climate destruction
18 August 2021 Woodside yesterday announced its plan to acquire BHP's global portfolio of oil and gas assets, which would roughly double the company's fossil fuel production capacity. In payment, Woodside will issue new shares amounting to 48% of the combined...
Macquarie fails to rule out funding fossil fuel projects incompatible with net zero
29 July 2021 Major Australian financial institution Macquarie was today challenged by shareholders and communities over its support for the oil and gas industry, and inconsistencies between this support and its commitment to net zero emissions by 2050. Just weeks...
Communities in North West NSW tell NAB: stop funding expansion of gas industry
25 May 2021 Today, banking executives and staff leafing through the pages of Australia’s most widely read business newspaper, the Australian Financial Review, can’t have missed this powerful message: Full page ad in the AFR targeting NAB from North West Alliance The...
IEA’s net zero pathway confirms no room for expanding fossil fuel industry
19 May 2021 Yesterday the International Energy Agency (IEA), an autonomous policy adviser to the world's governments, released a landmark new report, outlining a roadmap to achieve net zero emissions (NZE) within the global energy sector by 2050. There are a number of...
QBE’s do-nothing oil and gas policy critiqued at AGM
05 MAY 2021 Today’s QBE annual general meeting (AGM) saw a significant increase in the shareholder vote on a resolution calling for the insurer to set Paris-aligned oil and gas exposure targets, despite the company having attempted to placate investors with a...
NAB shareholders: Help push NAB out of climate-wrecking gas
10 May 2021 NAB, a major funder of climate-destructive gas companies including Santos and Origin Energy, is planning to update its gas and oil policy this year. Scientists, economists and Nobel Laureates have told us there’s no room to expand the fossil fuel industry...