15 November 2018 When it comes to measuring the financial risk of climate change, not much has changed for oil and gas company Senex over the past three years. In 2016 its auditors declared they did not consider climate risk as a financial risk. In 2017 the board...
Paris
AWE & Horizon oil- flying blind
24 November 2017 We found out today at their respective annual general meetings that both AWE and Horizon Oil do not classify climate risk as a material business risk, despite both companies' business models relying on continued fossil fuel exploration and production....
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...
Big banks still nearly $30 billion exposed to coal, oil and gas extraction
All four of Australia's major retail banks have now reported their 2017 full year results and it is clear they are still heavily invested in fossil fuels. Collectively, ANZ, Commonwealth Bank, NAB and Westpac are exposed to coal mining and oil & gas extraction to...
Media Release: Coal funding dries up but $17bn funneled to fossil fuels by ‘Big Four’ banks since Paris Agreement
Monday 24 July, 2017: New analysis from environmental finance group Market Forces today reveals Australia’s Big Four banks have lent $17 billion dollars to expand the fossil fuel industry since declaring their commitment to the Paris Climate Agreement of keeping the...
2017 AGM: Rio Tinto ignore community and climate concerns
4 May 2017 Rio Tinto has been taken to task over its slow response to investors' climate concerns. At the company's London annual general meeting last year, shareholders passed a resolution calling on the company to disclose their strategy for dealing with the risks...
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...
Media release: New polling shows half of customers prepared to change banks over fossil fuels – as prominent Australians demand climate action
Thursday 15 September, 2016: New research released today shows overwhelmingly that Australians want their bank to act on climate change by avoiding fossil fuel projects, with almost half prepared to change banks if their current institution finances projects...
IAG Commits To 2 Degrees
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Media comments: Turnbull Government putting economy, environment at risk with Abbot Point approval
22 December 2015 In response to the news that Environment Minister Greg Hunt has approved the expansion of the Abbot Point coal export terminal, Market Forces Executive Director Julien Vincent said: "It's pretty clear that the Australian Government is prepared to take...