1 August 2019 The insurance sector globally is waking up to the fact that if it wants to avoid the growing impact on its profits caused by the climate crisis, it needs to stop providing insurance to and investing in the companies that are fuelling it. At least 16 major … Read More
Friends in high places: fossil fuel political donations
February 2019 Every year, Australian governments and their departments spend billions of dollars of your money to help more coal, gas and oil to be extracted and burned. Favourable decisions include: Meanwhile, drought and extreme temperatures are fast becoming the new normal and annual carbon emissions were up by 0.6% … Read More
Northern Territory traditional owners challenge Origin Energy’s board on fracking consent
17 October 2018 Traditional owners travelled all the way from the Northern Territory for Origin Energy’s annual general meeting (AGM) today in Sydney to challenge the company that wants to frack their land. Since the Northern Territory scrapped its fracking ban in April, Origin have doubled down on their efforts … Read More
Another year, another $1m in political donations from fossil fuel companies
1 February 2018 Malcolm Turnbull’s personal donation of $1.75 million around the time of the 2016 Federal election may have grabbed all the headlines, but the ongoing contributions to political parties by Australia’s largest fossil fuel companies may explain why our climate policies are so appallingly weak. Fossil fuel companies … Read More
Media release: Response to Origin greenhouse gas reduction target
14 December 2017 Response to Origin Eraring coal-fired power plant closure announcement – Market Forces “While the headlines seem laudable, Origin is doing no more than closing Eraring on its 50-year use-by date.” “In fact given that Eraring makes up approximately 70% of Origin’s overall emissions, the company is committing to … Read More
Seven Group Holdings assert they have no significant environmental liabilities
16 November 2017 This morning at Seven Group Holdings (SGH) annual general meeting in Sydney, Chairman Kerry Matthew Stokes reaffirmed that the company does not consider ‘climate risk’ as a material business risk. This is despite the company’s massive exposure to the energy and sector through its subsidiary SGH Energy … Read More
Investors support stronger climate risk disclosure at Origin Energy AGM
18 October 2017 A shareholder resolution coordinated by Market Forces, calling for improvements to Origin Energy’s climate risk disclosure received significant support from institutional investors, garnering 13.77% of shareholder votes, despite the board’s opposition. In dollar terms, investors holding approximately $1.8 billion in stock supported the call for greater climate … Read More
Putting climate and human rights centre stage
Around Australia, shareholders are acting to make companies take climate change and human rights seriously. Super fund members like you can help their cause by telling your fund to vote your retirement savings in favour of resolutions that protect people and planet. Having coordinated support from more than 100 shareholders … Read More
Media release: Origin Energy faces three shareholder resolutions
23 August 2017 Coordinated by environmental finance group Market Forces, shareholders in Origin Energy have filed a series of resolutions with the oil and gas major. View ASX announcement. The three resolutions, to be heard at Origin’s October AGM, call for greater disclosure of climate risks, the development of a … Read More
Origin Energy: the greenwash is strong in this one
19 October 2016 Origin Energy, one of the top three dirtiest power companies in Australia, held its annual general meeting today. The board dodged and weaved questions on fracking, fugitive emissions and 2C commitments, while hiding behind their measly renewable energy that currently makes up less than 5% of its electricity generation. … Read More
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