Climate denial alive and well at Armour Energy

27 November 2019 Shareholders of Armour Energy were stunned during the company’s annual general meeting in Brisbane yesterday by Chairman Nicholas Mather’s outrageous claim that human beings are not the cause of climate change. In response to a question from a shareholder concerned about the risks climate change poses to … Read More

Horizon Oil’s expansion undermines Paris climate goals

Horizon Oil's offshore operations in NZ

22 November 2019 Horizon Oil’s cursory approach to climate risk disregards the reality that the Paris Agreement leaves no room for oil expansion. According to its Sustainability Report, Horizon Oil is working towards full implementation of the G20 Task Force on Climate-Related Financial Disclosure (TCFD) recommendations. However, Horizon’s disclosures to … Read More

Wagners willing to risk business for Adani

31 October 2019 Construction company Wagners made it clear at its annual general meeting (AGM) in Queensland yesterday that it is not concerned by the reputational and financial risks of working on the controversial Adani Carmichael coal project. The company, which has seen significant drops in its share price over … Read More

Take action – Call out Cbus’ climate hypocrisy

With millions of people around the world taking to the streets to call for urgent action to halt the climate crisis, Cbus has proved itself a massive climate hypocrite. At AGL’s annual general meeting, Cbus voted against a shareholder proposal that asked Australia’s biggest carbon polluter to reduce its emissions … Read More

QBE’s unanswered questions

Bush fire in Queensland

11 June 2019 It’s not often that an annual general meeting (AGM) can be described as compelling. QBE’s AGM held on 9 May, however, delivered the goods with several questions from the floor resulting in extraordinary exchanges between shareholders and the chairman Marty Becker and CEO Pat Regan. Unfortunately, these … Read More

QBE leaves door open to oil and gas phase out

Bush fire in Queensland

QBE Insurance faced a barrage of questions as well as a shareholder resolution calling for the company to set targets to phase out its exposure to all fossil fuels at its annual general meeting on 9 May 2019. Although QBE took a big step forward in March when it committed … Read More

Adelaide Brighton: not making concrete commitments to Paris

10 May 2019Australian cement manufacturer Adelaide Brighton’s CEO Nick Miller said today that there are opportunities to align his company’s emission reduction targets with the Paris climate accord, although made no commitments. His statement was in response to a shareholder at the company’s annual general meeting asking if Adelaide Brighton … Read More

Rio Tinto investors baulk at climate risk management

9 May 2019 The vast majority of Rio Tinto’s investors – which includes just about every super fund in Australia – today failed to ensure the company acts to manage down its exposure to climate change risk. A Market Forces-coordinated shareholder resolution was put to Rio Tinto’s annual general meeting … Read More