Protestors meet shareholders outside New Hope AGM

At last week’s annual general meeting, protesters from Lock the Gate, Great Sandy Strait Saviours and the Oakey Coal Action Alliance met shareholders out the front to point out that company money was being wasted on public relations and legal battles over the Acland Stage 3 mine.   Expansion of … Read More

Wesfarmers shareholders want actions to match the board’s words

16 November 2017 Yesterday afternoon, consumer staples giant Wesfarmers held their annual general meeting (AGM) in Perth. The AGM saw a big turn-up of more than 2000 shareholders who demanded the board answer questions ranging from accountability and disclosure of risks related to human rights, climate change and  remunerations paid … Read More

Shareholders concerned about LNG Limited’s attitude

Mounting evidence indicates that fossil fuel reserves such as gas may never be utilized due to a variety of factors such as the falling cost of renewables. As the globe begins a transition towards low carbon energy solutions, assets such as oil and gas are increasingly likely to become stranded. … Read More

Senex; not aware of the TCFD

Senex Energy is an Australian energy company listed on the ASX (ASX: SXY) which engages in oil and gas exploration and production in Queensland and South Australia. Shareholders attended the annual general meeting today in Brisbane and asked the company about whether it has plans to transition to lower carbon … Read More

Cooper Energy shifting away from Oil to Gas

10 November 2017 Cooper Energy’s Annual General Meeting (AGM) was held yesterday in Adelaide. Managing Director David Maxwell announced drastic year-on-year change in the company’s asset portfolio from 100% crude oil reserves to 85% gas and 15% oil reserves in FY17. The company is offering its new Sole Project as … 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

Fortescue avoids tough questions on climate

9 November 2017 Yesterday Fortescue Metals Group failed to give a clear time frame for implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). As one of Australia’s major energy users, Fortescue must demonstrate how it plans to deal with both the physical and transitional risks associated … Read More

Boral: “Climate not a significant risk”

2 November 2017 Last financial year, Boral Ltd spent around $300 million on energy and emitted 2.5 million tonnes of CO2 equivalent. So far this financial year the company has suffered losses of up to $10m due to the impacts of hurricanes in the US, which were exacerbated by climate … Read More

Whitehaven’s expansion plans contradict Paris aims

25 October, 2017 Whitehaven Coal’s annual general meeting (AGM), held this morning in Sydney, made it abundantly clear that the company has no intention of operating in line with the aims of the Paris Agreement. Chair Mark Vaile and CEO Paul Flynn talked up the company’s growth prospects, which hinge … Read More