Market Forces in the media By Julien Vincent, executive director Op-ed in the Asia Times, August 29, 2018 So far, 2018 has seen seven banks dominant in Southeast Asia either release or update their policies related to coal, the single-biggest source of greenhouse-gas...
global warming
Macquarie to produce climate risk scenario analysis
26 July 2018 “Risk has always been at the heart of Macquarie”, said Nicholas Moore, managing director and chief executive officer at today’s annual general meeting in Sydney. As part of its risk framework, Macquarie Group will now begin producing a scenario analysis...
AusNet: no commitment on the Task Force
AusNet own and operate the Victorian electricity transmission network, which is mainly powered by brown coal in the Latrobe Valley. Since Australia needs to keep 95% of its coal in the ground to meet the Paris Agreement’s goal of holding global warming well below two...
Sydney Airport – “still above water so we’re in good shape”
25 May 2018 "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...
Oil Search assets – eroded under 2 degrees
11 May 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...
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...
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...
AECOM: “Like a dentist handing out candy”
[cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"]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...
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...
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....