Sydney Airport – ‘still above water so we’re in good shape’

‘According to Coastal Risk Australia, sea level rise is expected to flood parts of the Sydney Airport runway. This flooding occurs even in the low scenario, where the expectation is that there would be a worldwide reduction in global emissions. What current modelling is our company using for this, and … Read More

Oil Search assets – eroded under 2 degrees

11/5/2018 At the Oil Search annual general meeting today chairman Richard Lee assured shareholders that Oil Search’s assets were safe under 2 degrees of global warming. Speaking about the company’s 2017 Climate Change Resilience Report he explained ‘the analysis concluded the PNG assets, the proposed expansion in PNG and the … Read More

Caltex proves fossil fuels are incompatible with 2 degrees

Caltex CEO Julian Segal made a perfect case for ditching the company’s fossil fuel-reliant business model yesterday at the company’s Annual General Meeting when he said “If we were to put a target to reduce emissions by 50%, that would mean closing the refinery at Lytton”. See the clip here: … Read More

Woodside say they have ‘no stranded assets’

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

AECOM: “Like a dentist handing out candy”

It’s getting lonely for Adani in their destructive quest to build the Carmichael coal mine and railway line. Twenty-eight major banks across four continents have now stated they will not lend money to the project. Adani’s construction partner Downer EDI has walked away. Most recently, Aurizon, Australia’s most experienced coal … Read More

ANZ doesn’t intend for coal exposure to increase

19 December 2017 Climate change was a popular topic at ANZ’s annual general meeting (AGM) today in Sydney. Even before the meeting started, shareholders were greeted by Santa and some elves, who were handing out fliers highlighting ANZ’s fossil fuel lending. Inside the meeting Chairman David Gonski addressed the issue … 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

Protestors meet shareholders outside New Hope AGM

20 November 2017 At last week’s New Hope 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 … Read More