25 November 2020 5.4% of shareholders today formally called on Australian-focused gas and oil company Beach Energy to wind up its fossil fuel production in line with the goals of the Paris Agreement by voting in favour of a resolution put forward by more than 100 shareholders, supported by Market … Read More
Boral too slow to address climate risk
27 October 2020 Climate change risk was once again on the agenda at Boral’s annual general meeting today, as it has been since 2017. Despite the clear expectations set by shareholders over these past years, Boral progress on addressing both the physical and transitional risks climate change poses to its … Read More
APA quizzed on gas plans inconsistent with the Paris Agreement
22 October 2020 Today’s AGM saw Australia’s biggest gas pipeline company quizzed about its plans to expand gas infrastructure. Plans that are inconsistent with the climate goals of the Paris Agreement. Chairman Michael Fraser sidestepped the revenue question, failing to provide the declines in revenue expected under 1.5°C and instead … Read More
CommBank fails to gaslight shareholders over its gas lending at 2020 AGM
13 October 2020 Today’s annual general meeting (AGM) heard from Commonwealth Bank shareholders who clearly feel the bank isn’t living up to its climate claims and commitments, especially considering its funding for expansion of the gas industry. Gas lending incompatible with the Paris Agreement In August 2019, CommBank committed to … Read More
AGL refuses to wind up coal power in line with Paris goals
7 October 2020 AGL today refused to adopt a shareholder proposal to bring forward the closure of its coal fired power stations in line with the company’s own analysis of closure dates required to meet the Paris Agreement’s 1.5°C warming goal. Big investors, including many of Australia’s super funds supported … Read More
Media Release: ANZ, NAB face shareholder resolutions on climate action
ANZ and NAB called upon to reduce exposure to fossil fuels in line with the Paris Agreement’s climate change goals. Thursday 1 October 2020 Environmental finance organisation Market Forces is today lodging shareholder resolutions with ANZ and NAB. The resolutions call for a reduction in exposure to the fossil fuel … Read More
Shareholder resolutions call for fossil fuel wind up plans
Market Forces is supporting shareholders to call on companies to demonstrate how they will ‘wind up’ (bring about an end to) coal, oil and gas production over time, protecting money from being wasted on new projects, and supporting workers as the economy rapidly moves on from fossil fuels to meet … Read More
Shareholders: help hold CommBank to account
UPDATE 26 June 2020 150 Commonwealth Bank shareholders, led by Guy and Kim Abrahams, have written to the bank, demanding answers over apparent breaches of the bank’s climate policy. Read about the action and CommBank’s initial response here. Original post – 28 May 2020 Commonwealth Bank shareholders are demanding answers … Read More
Media release: Rio faces shareholder revolt over emissions targets
Friday 8 May, 2020: 37% of investors have backed a climate resolution calling on Rio Tinto to set clear targets to cut emissions, including those generated by the-use of its products, or “Scope 3” emissions. While lower than record numbers at Santos and Woodside, the vote is more than six … Read More
Westpac Shareholder action
As you read this, Westpac is rewriting its climate change policy. And it clearly needs an upgrade. Shareholders have a powerful voice and you can use this form to contact the head of Westpac’s investor relations now. Tell Westpac to set a policy that aligns with keeping global warming below … Read More