General Electric chooses to ignore clean energy transition

10 May 2019 Yesterday in New York at General Electric’s (GE) annual general meeting, (AGM) shareholders called out their CEO, H. Lawrence Culp Jr., for GE’s role in constructing new coal-fired power stations around the world, jeopardizing its own future viability as an energy company and that of our collective … Read More

Big four banks increase their fossil fuel exposure

January 2019 Australia’s major banks have been getting back into fossil fuels over the last year, casting doubt on their seriousness in tackling climate change through their investments. This study compares the banks’ reported exposures to fossil fuels and renewable energy from 2017 to 2018, finding some very worrying trends. … Read More

Climate a hot issue at Bluescope Steel’s annual general meeting

Welding at steel mill

23 November 2018 “Our targets are based on the… Australian [emissions] requirement” chairman John Bevan told shareholders at Bluescope Steel’s annual general meeting (AGM) today in Sydney, where climate change was a hot topic. Whilst acknowledging support for the global Paris climate accord, the steel manufacturing giant said its emissions … Read More

Climate change risks not on Central Petroleum’s radar

14 November 2018 Globally over 500 companies with trillions of dollars’ worth of assets have started to disclose the risks posed by our climate change emergency. But Central Petroleum isn’t one of them. At its annual general meeting in Brisbane yesterday it was apparent that the Northern Territory’s largest onshore gas … Read More

Downer board can’t face up to climate questions

1 November 2018 Downer’s board of directors faced questions at today’s annual general meeting about their climate change views and the company’s stance on Australia’s emissions targets. Downer Holdings Company Ltd, as it is listed on the Australian stock exchange, has a diverse business portfolio that includes power, oil and … Read More

Perpetual has no overarching climate risk strategy

1 November 2018 Financial services giant Perpetual Ltd today failed to inspire any confidence from shareholders concerned about the world’s ever growing climate emergency. Grilled over how it plans to manage the risks associated with global warming at its annual general meeting, the AUD$30 billion fund manager came up seriously … Read More

AGL reaffirms closing Liddell coal-fired power station by 2022

26 September 2018 Today energy giant AGL faced angry community representatives and shareholders at its annual general meeting (AGM) in Melbourne. Most of question time was taken up by the Western Port community voicing their concerns over Crib Point, with the board becoming visibly frustrated at having to engage with the … Read More

AWE & Horizon oil- flying blind

Offshore rig flaring

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. Horizon Oil CEO admitted to shareholders that climate … Read More