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
Woodside faces shareholder and community opposition to gas expansion
15 April 2021 Woodside’s AGM in Perth today saw almost a fifth of the gas giant’s shareholders tell the company to wind up gas and oil production in line with the Paris climate goals. This was the second time in less than 12 hours that a significant proportion of investors … 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
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
Horizon Oil challenged over sustainability
20 November 2020 Horizon Oil was questioned over the company’s sustainability in the face a Paris-aligned energy transition at its annual general meeting today. Horizon owns oil and gas exploration, development and production assets in China and New Zealand, having recently sold its beleaguered Papua New Guinea assets. The company … Read More
AustralianSuper’s new climate policy fails to raise the bar
17 November 2020 AustralianSuper’s new climate change policy has failed to even match, let alone improve on, the standard set by some of its big industry fund peers, disappointing members who were hoping to see the nation’s largest super fund take the lead on climate action. While there are some … Read More
7.4% of shareholders call on Cooper Energy to wind up gas and oil production
12 November 2020 Cooper Energy, a rapidly-growing gas and oil producer focused on the south east Australian market, today faced a shareholder resolution calling on the company to wind up its fossil fuel production in a manner consistent with the Paris climate goals. This ground-breaking proposal, the first of its … Read More
Central Petroleum fails to back up climate risk claims
10 November 2020 With major investment decisions on new gas projects expected in the next two years, shareholders attending Central’s annual general meeting today wanted to know if the company is manging the risk that its gas projects will be left stranded by the transition to a low-carbon economy. Leading … Read More