NAB to ‘measure itself against’ IEA’s Net Zero by 2050 scenario

10 September 2021 NAB’s key executives appeared yesterday at the Australian Parliament’s Standing Committee on Economics, and addressed the review of the bank’s oil and gas policy—due for release “in the coming months”. While the bank had previously stated it’s “taking into account” the conclusions of the International Energy Agency’s … Read More

QBE’s do-nothing oil and gas policy critiqued at AGM

05 MAY 2021 Today’s QBE annual general meeting (AGM) saw a significant increase in the shareholder vote on a resolution calling for the insurer to set Paris-aligned oil and gas exposure targets, despite the company having attempted to placate investors with a lacklustre policy update in the interim. 21.4% of … Read More

NAB shareholders: Help push NAB out of climate-wrecking gas

10 May 2021 NAB, a major funder of climate-destructive gas companies including Santos and Origin Energy, is planning to update its gas and oil policy this year. Scientists, economists and Nobel Laureates have told us there’s no room to expand the fossil fuel industry if we’re to limit warming to … Read More

10% of Oil Search shareholders call for fossil fuel wind up plan

30 April 2021 Almost a tenth of Oil Search’s investors today told the Australian stock exchange’s third largest undiversified oil and gas producer to wind up fossil fuel production and return capital to shareholders. The vote for the Market Forces-coordinated shareholder proposal follows votes of 19% and 13% for similar … Read More

13% of Santos shareholders demand oil and gas wind up plan

15 April 2021 At today’s Santos annual general meeting, 13% of the company’s shareholders voted against the company’s management and for a Market Forces-coordinated shareholder resolution calling on the company to wind up oil and gas production in line with the climate goals of the Paris Agreement. Speaking after the … Read More

94% of Beach Energy investors reject capital protection

Beach Energy field

25 November 2020 5.4% of shareholders today formally called on Australian-focused gas and oil company Beach Energy to wind up its fossil fuel production in line with the goals of the Paris Agreement by voting in favour of a resolution put forward by more than 100 shareholders, supported by Market … Read More