16 November 2017 This morning at Seven Group Holdings (SGH) annual general meeting in Sydney, Chairman Kerry Matthew Stokes reaffirmed that the company does not consider ‘climate risk’ as a material business risk. This is despite the company's massive exposure to the...
CommBank getting out of coal
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Senex not aware of the TCFD
15 November 2017 Today shareholders asked Senex about whether it has plans to transition to lower carbon emitting activities in line with the two degree Paris climate commitments. In short, the answer was no. Senex Energy is an Australian energy company listed on the...
Medibank divestment driven by health impacts of climate change
[cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"]13 November 2017Australia's biggest health insurer today announced it will divest from fossil fuels due to the negative health impacts of climate change.This...
Cooper Energy: receiving funding from ANZ
At the Cooper Energy annual general meeting board members asserted they were conscious of environmental impacts, however they were unable to give specific details about their plans as they weren't yet formulated. Managing Director, David Maxwell, also announced a...
Karoon Gas: “Targets in terms of our GHG emissions will be meaningless”
9 November 2017 This morning at the Annual General Meeting of Karoon Gas in Melbourne, Chairman David Klingner expressed that setting targets in terms of Karoon's GHG emissions will be meaningless. This is completely contradictory to the company's commitment to...
Fortescue avoids tough questions on climate
9 November 2017 Yesterday Fortescue Metals Group failed to give a clear time frame for implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). As one of Australia's major energy users, Fortescue must demonstrate how it plans...
Downer refuses to shed any light on Chinese involvement in Adani mine
2 November 2017 The board of Downer EDI today came under intense pressure from shareholders at its Annual General Meeting (AGM) over the company’s relationship with Adani and the planned Carmichael coal mine. In an unprecedented move that suggested the board wanted...
Boral: “Climate not a significant risk”
[cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"]2 November 2017Last financial year, Boral Ltd spent around $300 million on energy and emitted 2.5 million tonnes of CO2 equivalent. So far this financial...
NIB commits to fossil fuel divestment
1 November 2017 One of Australia’s biggest health insurers, NIB, committed to completing their divestment from fossil fuels at their annual general meeting in Sydney today, further isolating their major competitor Medibank, whose AGM is coming up on 13 November. In...