August 2019 Fifty-seven per cent of Vietnam’s planned coal power capacity has faced repeated delay, with postponements to 93% of the projects financed by private, often foreign investors, under the “build-operate-transfer” model. Across the projects, investors are struggling with a cumulative delay of 100 years. Meanwhile, approved solar and wind … Read More
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 current modelling is our company using … Read More
Shareholders concerned about LNG Limited’s attitude
17 November 2017 Liquefied Natural Gas Ltd. does not regard climate change as a material risk to business. As the globe begins a transition towards low carbon energy solutions, many commentators are warning that assets such as oil and gas are increasingly likely to become stranded. It’s surprising then that a … Read More
Media Release: Palaszczuk’s broken promise on QIC Adani trainwreck
Palaszczuk’s broken promise on QIC Adani trainwreck Friday 31 March, 2017: Support to Adani’s rail infrastructure from QIC is in clear breach of Queensland Premier Annastacia Palaszczuk’s election promise not to use public money to prop up the controversial coal project, according to environmental finance group, Market Forces. “QIC, wholly owned by … Read More
Climate change denial goes mainstream at Macquarie AGM
28 July 2016 “There are two sides to this debate.” These were the remarks of the Macquarie Group Chairman Peter Warne, after their AGM descended into somewhat of a farce earlier today, as shareholders asked tough questions of a bank that is fast becoming a significant fossil fuel player and … Read More
NAB chalks first stranded coal power plant
9 July 2016 The Callide C coal-fired power station in Central Queensland has gone into receivership after failing to make a $50 million payment on its debt which expired last month. Several news sources, including the Australian Financial Review, are reporting the development but what has so far gone unnoticed … Read More
Tough questions asked at Woodside AGM
22 April 2016 Woodside Petroleum’s annual general meeting in Perth yesterday saw Chairman Michael Chaney and CEO Peter Coleman face questions over political donations and corruption, as well as how their business model – grabbing fossil fuels out of the ground for other people to burn – fits in with a … Read More
Stranded assets, anyone? Testing times for the fossil fuel market
ORIGINALLY POSTED IN RENEWECONOMY, 17 October 2013 The phrase “buyer beware” is a particularly pertinent one for fossil fuel investors in the current market. The combined effects of global climate action, renewables growth, economic decline and pollution reduction have worked to dampen growth and sap investor confidence, as well as … Read More