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 highly significant findings in the report, particularly … Read More
Aurizon AGM: empty new climate strategy and avoiding Adani questions yet again
14 October 2020 Catastrophic climate change Aurizon’s ‘base case’ Aurizon generates around 80% of its revenue from hauling coal. Aside from coal miners themselves, there are few businesses in the country as exposed to the financial risks posed by the rapid transition away from coal required to meet the climate … Read More
IEA’s ‘sustainable recovery’ document undermines its leader’s climate ambition
19 June 2020 Yesterday the International Energy Agency (IEA), an autonomous policy adviser to the world’s governments, released its ‘sustainable recovery plan‘ in response to COVID-19. The plan focused on “quantify[ing] the economic and job-creation potential of building a more resilient and cleaner energy sector” and encouraged governments to take … Read More
Cooper Energy following 4°C global warming path
7 November 2019 In response to questioning at the company’s annual general meeting today, Cooper Energy confirmed it has “set its future operations against” a 4°C global warming scenario. Cooper’s 2019 Sustainability Report stated the company is developing scenarios to assess climate-related risks and opportunities, which it says are based … Read More
Worley rules out Adani, but fossil fuels still on the agenda
21 October 2019 After years of pressure, Worley has finally confirmed it “has no intention” of working on the Adani Carmichael coal mine project. Engineering firm Worley was previously engaged to provide the design and construction of Adani’s original railway plan to haul coal from the Carmichael mine to the … Read More
Caltex – out of line & out of time
Anyone watching the presentation on sustainability at Caltex annual general meeting (AGM) today would think the company, the petroleum brand of Chevron, is earnest about tackling emissions. Chairman Steven Gregg insisted that Caltex is acting in line with the Paris Agreement and taking our global climate emergency seriously. However, a … Read More