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...
oil
BHP lets Woodside go all in on climate destruction
18 August 2021 Woodside yesterday announced its plan to acquire BHP's global portfolio of oil and gas assets, which would roughly double the company's fossil fuel production capacity. In payment, Woodside will issue new shares amounting to 48% of the combined...
Communities in North West NSW tell NAB: stop funding expansion of gas industry
25 May 2021 Today, banking executives and staff leafing through the pages of Australia’s most widely read business newspaper, the Australian Financial Review, can’t have missed this powerful message: Full page ad in the AFR targeting NAB from North West Alliance The...
IEA’s net zero pathway confirms no room for expanding fossil fuel industry
19 May 2021 Yesterday the International Energy Agency (IEA), an autonomous policy adviser to the world's governments, released a landmark new report, outlining a roadmap to achieve net zero emissions (NZE) within the global energy sector by 2050. There are a number of...
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...
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...
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...
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...
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...
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...