Oil and gas still a major focus for Karoon Energy

An offshore oil rig

29 November 2019 Karoon Energy has been given plenty of opportunities to provide a credible and evidence-based climate risk management plan, but continues to shirk this responsibility to its shareholders. At Karoon’s 2018 AGM, CEO Robert Hosking claimed “We are at heart environmentalists”. But when asked by shareholders to provide … 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

Karoon Gas: Reducing our emissions would be a pointless gesture

1 December 2016 Karoon Gas held its AGM in Melbourne yesterday, and confirmed it’s business as usual for the oil and gas explorer, despite its stated support for the Paris Agreement to limit global warming to 2°C above pre-industrial temperatures. The company’s responses to shareholder questions around climate risk, potentially stranded … Read More

Big bonuses to fossil fuel execs for Digging Deeper

Despite the desperate need and global commitment to ditch fossil fuels, our latest report reveals fossil fuel companies are continuing to search for more unburnable carbon. In many cases, exploration is encouraged through executive remuneration packages. Despite their potential influence as significant shareholders, Australia’s super funds are voting for these wasteful bonuses that encourage … Read More