APA’s partnership with Santos faces shareholder citicism

27 October 2017 At the annual general meeting of APA held this morning in Sydney, company executives were asked several questions from shareholders regarding their Western Slopes Pipeline project in Northern NSW. The $450 million pipeline project is a partnership with Santos to connect coal seam gas (CSG) from their … Read More

Shareholders put climate front and centre

Market Forces is all about empowering community members to hold organisations accountable for their climate and environmental impacts. A major element of this work involves working with shareholders to enable them to raise these issues directly with companies at their annual general meetings (AGMs). In the first half of 2017, … Read More

Statement: Market Forces reiterates Santos position

18 May 2017 In response to a clumsy attempt by Santos to dance around the statements that Chairman Peter Coates made at the Santos AGM on the 4th of May, Market Forces would like to issue this clarification: We know Santos is supportive of the Paris Agreement and the 2 … Read More

Santos shows contempt for investors, climate change, at its AGM

Adelaide, Thursday, 4 May 2017 A resolution that would have directed Santos to disclose the risks climate change poses to its business has been defeated at today’s annual general meeting of the company, which reiterated its intent to explore for more unconventional gas and said that when considering its future under climate … Read More

Will your super fund vote for or against climate action?

Oil Search and Santos are two of Australia’s largest oil and gas companies – and neither is addressing the risks of climate change. Oil Search is one of the biggest companies operating in Papua New Guinea, a country already feeling the effects of climate change. Sea level rise has forced residents … Read More

Media Release: Santos rejects climate shareholder resolution

Santos rejects climate shareholder resolution Tuesday 4 April, 2017: Environmental finance organisation Market Forces has expressed disappointment that Santos’ management has advised shareholders to reject a resolution calling on the company to acknowledge and assess the risks posed to its business by climate change. The resolution would bring Santos in … Read More

Santos shareholders lodge climate risk resolution

6 March 2017 Market Forces and over 100 individual shareholders have filed a resolution with the oil and gas major, Santos, demanding the company acknowledge and assess the risks posed to its business by climate change. The resolution is the first attempt to enforce the Financial Stability Board’s Task Force on … Read More