Senex passes the buck on climate change targets

SENEX field

15 November 2018 When it comes to measuring the financial risk of climate change, not much has changed for oil and gas company Senex over the past three years. In 2016 its auditors declared they did not consider climate risk as a financial risk. In 2017 the board still hadn’t … Read More

Climate change risks not on Central Petroleum’s radar

14 November 2018 Globally over 500 companies with trillions of dollars’ worth of assets have started to disclose the risks posed by our climate change emergency. But Central Petroleum isn’t one of them. At its annual general meeting in Brisbane yesterday it was apparent that the Northern Territory’s largest onshore gas … Read More

Lakes Oil & LNG fail to consider the financial impact of climate change

15 November 2018 It was a case of déjà vu this week, with two gas exploration companies almost reading from the same script as they responded to shareholder concerns about climate change resilience at separate annual general meetings (AGM). Lakes Oil and Liquified Natural Gas Limited (LNG) are fossil fuel exploration companies … Read More

Carnarvon Petroleum – climate change not a financial risk

Carnarvon offshore rig

9 November 2018 Western Australia-based oil and gas exploration company Carnarvon Petroleum made clear at its annual general meeting today that it does not consider climate change as a material financial risk. Chairman P. J. Leonhardt explained he had missed a page of his opening address when asked by a … Read More

Climate change – low priority for Cooper Energy

8 November 2018 Cooper Energy – an Australian gas and oil exploration and production company – was questioned at its annual general meeting (AGM) today about how climate change would affect its business. Oil and gas companies are clearly vulnerable to the impacts of climate change, including global policy decisions … Read More

Downer board can’t face up to climate questions

1 November 2018 Downer’s board of directors faced questions at today’s annual general meeting about their climate change views and the company’s stance on Australia’s emissions targets. Downer Holdings Company Ltd, as it is listed on the Australian stock exchange, has a diverse business portfolio that includes power, oil and … Read More

Perpetual has no overarching climate risk strategy

1 November 2018 Financial services giant Perpetual Ltd today failed to inspire any confidence from shareholders concerned about the world’s ever growing climate emergency. Grilled over how it plans to manage the risks associated with global warming at its annual general meeting, the AUD$30 billion fund manager came up seriously … Read More

Salmon giant Tassal’s climate plan smells fishy

31 October 2018 Beleaguered salmon farming company Tassal, infamous for the ABC Four Corners ‘big fish’ report, was today questioned at its AGM on the business risks of global warming and whether it would join the 240 companies worldwide that have signed up to the Task Force for Climate Related … Read More

Cue Energy: not managing climate risk

30 October 2018 Our latest Market Forces Investing in the Dark research shines a spotlight on companies actively managing climate risk, and those lagging behind. Cue Energy is a stand out for not taking climate change and its risks seriously. The oil and gas exploration company doesn’t make it clear … Read More

Boral still won’t rule out working with Adani

30 October 2018 It’s hard to know where to begin with Boral, one of the world’s 160 most polluting companies. You could look at the fact that it’s been shying away from renewables, despite losing $15 million USD from climate-driven weather events in the last financial period. Or that its absolute emissions are … Read More