AustralianSuper’s new climate policy fails to raise the bar

17 November 2020 AustralianSuper’s new climate change policy has failed to even match, let alone improve on, the standard set by some of its big industry fund peers, disappointing members who were hoping to see the nation’s largest super fund take the lead on climate action. While there are some … Read More

NAB confirms it will update stance on polluting oil and gas

11 November 2020 Today NAB released its sustainability report, failing to take the minimum steps needed now to align the bank’s finance activity with the Paris Agreement, while confirming it will update its stance on funding the dirty oil and gas sector by next year. NAB’s funding for the oil … Read More

Win! Commbank out of thermal coal by 2030!

7 August 2019 Great news! Commonwealth Bank has become the first in Australia to signal an end to thermal coal exposure! In its latest policy update, the bank has said it will: continue to reduce its thermal coal mining and coal-fired power generation exposures with a view to exiting the … Read More

Karoon Gas: not quite the environmentalist it claims to be

An offshore oil rig

30 November 2018 “We are at heart environmentalists,” CEO Robert Hosking of oil explorer and soon-to-be producer, Karoon Gas told shareholders at today’s annual general meeting in Melbourne.  The company, which is about to drill an offshore oil well in Peru that has a CO2 emissions potential of 110 million tonnes … Read More