Marsh & McLennan present greenwash at AGM

28 May 2020 Marsh and McLennan’s 183-word ‘Client engagement principles’ is not a climate policy, it is greenwash. Last week Marsh & McLennan (MMC), Adani’s insurance broker Marsh’s parent company, held its 2020 annual general meeting (AGM). Following months of intense pressure in the lead-up to the AGM, not only … Read More

FAR Ltd betting against Paris climate goals

An offshore oil rig

27 May 2020 FAR Ltd is an oil and gas exploration company, with one major project nearing development: the Sangomar oil field off Senegal’s coast. With the company’s entire business model predicated on new oil and gas developments that cannot be burned in a 1.5°C warming scenario, Market Forces has … Read More

Caltex still has no emission targets or fossil fuel exit plans

14 May 2020 Caltex claims to support the Paris climate goals, but still has not set any targets to bring down its greenhouse gas emissions, or transition away from its fossil fuel operations. The company today told shareholders it plans to continue investing in its oil refining business, which has … Read More

Huge gains in investor support for real climate action at Rio Tinto

7 May 2020 37% of Rio Tinto’s shareholders today voted in favour of a shareholder proposal calling on the mining giant to set Paris-aligned targets to reduce its greenhouse gas emissions, including those generated by the use of its products. Given Rio Tinto’s board opposed the proposal, the vote represents … Read More

QBE’s fossil fuel inconsistency questioned at AGM

7 May 2020 As has been the case now for several years (see 2019 and 2018), fossil fuels and the climate crisis dominated insurance company QBE’s annual general meeting (AGM) today, despite it being shifted online due to the COVID-19 pandemic. With QBE having announced its exit from thermal coal … Read More

Oil Search must abandon oil and gas expansion

1 May 2020 Oil Search, Australia’s third largest pure play oil and gas company, today told shareholders its current strategic review will lead the company to “settling on a strategy that is consistent with the interests of shareholders.“  Company Chair Richard Lee went on to say, “we wouldn’t set in … Read More

Woodside fights historic investor demand for Paris-alignment

30 April 2020 A record-breaking 50% of Woodside Petroleum’s investors today voted in favour of a shareholder proposal calling on the company to align with the Paris climate goals. This is an incredible result, considering the Woodside board’s vehement opposition to the resolution. Coordinated by the Australasian Centre for Corporate … Read More

QBE faces shareholder resolution on oil and gas support

5 March 2020 Shareholders coordinated by Market Forces together with the $4bn investment manager Australian Ethical have co-filed a resolution calling for the global insurer to align underwriting (insurance) and investment activities with keeping global warming below 1.5 degrees. QBE has confirmed to the ASX this morning that the resolution … Read More

Siemens AGM dominated by Adani criticism

6 February 2020 With hundreds of protestors chanting outside and an over-the-top security presence inside, Siemens annual general meeting (AGM) in Munich yesterday was dominated by stern criticism, by both institutional investors and ordinary Germans, of Siemens’ decision to stick with a contract to supply signalling technology for the Carmichael … Read More