Super funds failing to engage with New Hope on climate risk

Coal feeder

19 November 2019 Investor claims of climate risk engagement were again called into question at today’s New Hope AGM. As a pure play coal producer with plans to open up a massive new mine, there could hardly be a better example of a company facing climate change risk. Meeting the … Read More

IAG Shareholder action

Take Action: Write to IAG and ask it to follow-through on the commitments made at its 2019 annual general meeting. IAG AGM report: 25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set … Read More

IAG obscures its fossil fuel investments

25 October 2019 At its annual general meeting (AGM) in Sydney today, IAG faced calls from investors to fully disclose its fossil fuel investment exposure and set targets to reduce that exposure in line with limiting global warming to 1.5 degrees. IAG’s chair said getting fossil fuel exposure down to … Read More

APA’s gas pipe dreams A-OK with investors

24 October 2019 Australia’s biggest gas pipeline company’s plans for gas expansion are inconsistent with the climate goals of the Paris Agreement. But investors don’t seem to care. With gas use for primary energy expected to fall to 25% by 2030 under a 1.5°C warming scenario, shareholders attending APA’s annual … Read More

Aurizon AGM dominated by Adani concerns

17 October 2019 Aurizon’s annual general meeting (AGM), held in Brisbane today, was dominated by concerns over Aurizon’s potential involvement in the destructive Adani Carmichael coal project. Both shareholders inside the meeting and #StopAdani activists outside called on the rail freight company to refuse to provide coal haulage services to … 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

Getting out of coal can’t save CommBank scrutiny at its AGM

16 October 2019 In August, Commonwealth Bank took a major step forward when it committed to get out of thermal coal by 2030, a commitment that no other major bank has so far made. Today, shareholders showed their appreciation for this commitment, but quickly moved to hold the bank to … Read More

Media release: Investors heap pressure on AGL

Thursday 19 September 2019 At today’s AGM in Sydney, over 30% of shareholders, worth more than AU$3.8bn, voted against management and in support of a resolution calling on the company to reduce emissions in line with the goals of the Paris Climate Agreement. Response from Will van de Pol, Market … Read More

AGL shareholders demand coal plant closure

19 September 2019 AGL shareholders today sent a strong message to Australia’s biggest climate polluter, with more than 30% voting in favour of a resolution demanding the company reduce emissions in line with the Paris climate goals. Only twice before has a climate change-related shareholder proposal received more than 20% … Read More