Woodside has made a habit out of dismissing shareholders’ concerns about climate change over the years, and today’s annual general meeting (AGM) was no different. On top of pressure from major investors like Aware Super and HESTA, the company faced a barrage of...
shareholder action
Woodside suffers world record-breaking vote against climate plan, embarrassingly large vote against Chair
Shareholders have today expressed their contempt for Woodside’s repeated failure to heed their concerns by fiercely rejecting the company’s climate strategy. Beating its own world record vote against a climate plan in 2022, a staggering 58% of Woodside’s shareholders...
Tiwi, Gomeroi Traditional Owners and Market Forces demand Santos ends gas growth
MEDIA RELEASE Tiwi and Gomeroi Traditional Owners have joined with Market Forces to demand that Santos end its gas growth plans, which raise major human rights concerns and threaten the safety of all Australians due to massive climate emissions. On the eve of...
Major coal producer New Hope shuts out shareholders calling for wind down
MEDIA RELEASE Thursday, 23 November: Shareholders of New Hope Group are appalled at being shut out of the coal company’s annual general meeting (AGM) and being prevented from asking about how the miner will wind down production in line with global climate goals. More...
New Analysis: Australia’s biggest super funds slash and burn climate action
MEDIA RELEASE Tuesday 31 October, 2023: New analysis by Market Forces reveals Australia’s top 30 superannuation funds have backtracked on their support for climate action at the companies most responsible for expanding fossil fuels worldwide. The research also finds...
After record vote against climate report in 2022, Woodside now sees record protest vote against directors
28 April 2023 Company directors under fire Nearly 35% of Woodside Energy’s shareholders voted against board member Ian Macfarlane’s re-election at the company’s annual general meeting (AGM) in Perth today. Investors also voted significantly against the re-election of...
HESTA must ramp up the pressure on Santos
13 April 2023 HESTA last week lodged a formal vote calling on oil and gas company Santos to wind up oil and gas production in line with a net zero emissions by 2050 pathway. This is a great sign HESTA is taking members' concerns seriously, but with Santos still...
Santos faces Traditional Owner ire, investor demands to manage down expansion plans
6 April 2023 More than 18% of Santos’ shareholders today demanded the company drop its oil and gas expansion plans and instead manage down production in line with a net zero emissions by 2050 pathway at the company’s annual general meeting (AGM) in Adelaide. The...
Major coal producer New Hope urged to wind down production as shareholders shut out of AGM
MEDIA RELEASE Thursday 24 November: New Hope Group shareholders and Market Forces are demanding the coal miner disclose plans to wind down production in line with global climate goals. New Hope faces a resolution backed by over 100 shareholders, calling for full...
Aware Super member sends legal letter on fund’s vote against climate action
21 November 2022 An Aware Super member sent a legal letter to the fund last week, raising concerns that Aware failed to understand and properly consider its vote on a crucial request for climate action at the recent Commonwealth Bank annual general meeting and...