Paris climate goals not on the menu at Treasury Wines

18 October 2018 Wildfires tore through the Napa Valley in October 2017, devastating the Californian wine industry. As the hills went up in flames, the estates owned and operated by Treasury Wine Estates (TWE) miraculously survived with only minor damage. The fires, widely linked to climate change, were a focus … Read More

Whitehaven Coal told: get aligned with 2 degrees!

13 August 2018 A shareholder resolution has been lodged with Whitehaven Coal, calling on the company to disclose the risks it faces from climate change and align its strategy with a scenario that holds global warming to less than two degrees. The resolution was signed by 106 shareholders and coordinated … Read More

Macquarie to produce climate risk scenario analysis

26 July 2018 “Risk has always been at the heart of Macquarie”, said Nicholas Moore, managing director and chief executive officer at today’s annual general meeting in Sydney.  As part of its risk framework, Macquarie Group will now begin producing a scenario analysis – stress testing the group’s multi-billion dollar … Read More

AusNet: no commitment on the UN Task Force

AusNet own and operate the Victorian electricity transmission network, which is mainly powered by brown coal in the Latrobe Valley. Since Australia needs to keep 95% of its coal in the ground to meet the Paris Agreement’s goal of holding global warming well below two degrees, this means the company’s … Read More

Oil Search assets – eroded under 2 degrees

11 May 2018 At the Oil Search annual general meeting today chairman Richard Lee assured shareholders that Oil Search’s assets were safe under 2 degrees of global warming. Speaking about the company’s 2017 Climate Change Resilience Report he explained ‘the analysis concluded the PNG assets, the proposed expansion in PNG … Read More

Caltex proves fossil fuels are incompatible with 2 degrees

Caltex CEO Julian Segal made a perfect case for ditching the company’s fossil fuel-reliant business model yesterday at the company’s Annual General Meeting when he said: “If we were to put a target to reduce emissions by 50%, that would mean closing the refinery at Lytton”. See the clip here: … Read More

Woodside say they have ‘no stranded assets’

19 April 2018 ‘We don’t believe that we have stranded assets’, said Woodside chairman Michael Chaney when asked about the oil and gas company’s new Scarborough gas field at today’s AGM. Watch the response here: This directly contradicts the findings of UK think tank Carbon Tracker which warned last year … Read More