26 October 2018 Stanmore Coal are a pure play coal company with several thermal and coking coal mining operations across Queensland. They made headlines in 2015 when they picked up a mothballed mine from Vale and Sumitomo for just $1. In 2016, we published that...
shareholders
IAG still won’t commit to divest from coal
26 October 2018 “We are feeling the effects of climate change already: we see it in our own industry’s data, which tells us an inescapable truth.” That was CEO Peter Harmer today at Insurance Australia Group (IAG’s) annual general meeting (AGM). His company used the...
South32 ‘getting out of coal’ by investing millions into it
25 October 2018 For a global mining group, South32 has been ahead of its peers not only in their willingness to accept climate science but also in publicly disclosing the risks the business faces. The company even set an emissions reduction target of net zero by 2050...
Northern Territory traditional owners challenge Origin Energy’s board on fracking consent
17 October 2018 Traditional owners travelled all the way from the Northern Territory for Origin Energy’s annual general meeting (AGM) today in Sydney to challenge the company that wants to frack their land. Since the Northern Territory scrapped its fracking ban in...
Magellan can’t see risks to its own business
Magellan Financial Group's (MFG) deputy investment officer Dominico Giuliano recently made statements in the media about the need for accurate climate risk disclosure. At its annual general meeting (AGM) today, however, the company seemed to think that climate change...
AusNet: no commitment on the Task Force
AusNet own and operate the Victorian electricity transmission network, which is mainly powered by brown coal in the Latrobe Valley. Since Australia needs to keep 95% of its coal in the ground to meet the Paris Agreement’s goal of holding global warming well below two...
FAR directors change their opinion about climate risk
FAR, an Australian oil and gas exploration company that operates mainly in Senegal, finally accepted the importance of climate change as a business risk at their annual general meeting (AGM) today. This was in sharp contrast to last year’s AGM where the topic was not...
Sydney Airport – “still above water so we’re in good shape”
25 May 2018 "According to Coastal Risk Australia, sea level rise is expected to flood parts of the Sydney Airport runway. This flooding occurs even in the low scenario, where the expectation is that there would be a worldwide reduction in global emissions. What...
Oil Search assets – eroded under 2 degrees
11 May 2018 At the Oil Search annual general meeting today chairman Richard Lee assured shareholders that Oil Search’s assets were safe under 2 degrees of global warming. Speaking about the company’s 2017 Climate Change Resilience Report he explained ‘the analysis...
Caltex proves fossil fuels are incompatible with 2 degrees
Caltex CEO Julian Segal made a perfect case for ditching the company’s fossil fuel-reliant business model yesterday at the company’s Annual General Meeting when he said: “If we were to put a target to reduce emissions by 50%, that would mean closing the refinery at...