Prairie Mining directors still failing to meet legal obligations

Coal feeder

November 18, 2019 Last year, Prairie Mining Ltd chair Ian Middlemas was singled out by the Guardian as a director that may be struggling to understand his legal obligation to consider the risks that climate change poses to the business. Middlemas’ statements at Prairie Mining’s 2018 annual general meeting showed … Read More

Shareholder revolt sees LNG Limited’s Chairman ousted

15 November 2019 LNG Limited shareholders are clearly fed up with the company’s terrible financial performance in recent years, with the company’s share price now sitting at less than 5% of its 2015 peak. Huge protest votes were cast by LNG Limited shareholders regarding all items of business at the … Read More

Cooper Energy following 4°C global warming path

Chevron offshore gas

7 November 2019 In response to questioning at the company’s annual general meeting today, Cooper Energy confirmed it has “set its future operations against” a 4°C global warming scenario. Cooper’s 2019 Sustainability Report stated the company is developing scenarios to assess climate-related risks and opportunities, which it says are based … Read More

How many years has Central Petroleum got left?

7 November 2019 Oil and gas producer and explorer Central Petroleum was today challenged over its token efforts to understand and respond to climate change risks. Central Petroleum listed climate change, and particularly potential carbon pricing, as a principal risk in its 2019 annual report. However, at today’s annual general … Read More

Expectations set for Boral’s next steps on climate risk

6 November 2019 As a major greenhouse gas polluter with exposure to the coal power sector, Boral still has plenty of work to do on climate risk management. Two years ago, Boral didn’t think climate change posed a significant risk to its business. For a company that in 2017 had … Read More

Whitehaven Coal pins hopes to catastrophic 4°C scenario

17 October 2019 Australia’s biggest dedicated coal miner, Whitehaven Coal, went to great lengths to talk up the prospects of demand growth for its product at the company’s annual general meeting in Sydney today. What the Whitehaven board failed to mention, however, was the fact that those demand projections are … Read More

FAR not modelling climate transition risks to business

Senegal flag

Market Forces has named FAR as one of the 21 companies that investors should immediately divest from. Why? Because the company has had more than three years to show it can transition to be in line with the Paris Agreement. It has not only failed at this but is also … Read More

Newcrest Mining confused about its own climate risks

Newcrest Lihir gold mine in Papua New Guinea

14 November 2018 “Newcrest is not a political party so it doesn’t necessarily take a position on whether the Paris accord is a good idea or a bad idea,” said Peter Hay, chairman of Newcrest Mining, at the company’s annual general meeting yesterday. “It’s up to the Australian people to … Read More