Incitec Pivot is an Australian multinational corporation that manufactures fertiliser, explosives, chemicals, and delivers mining services. At its annual general meeting yesterday, chairman Paul Brasher was asked if the board support the goals of the Paris climate agreement. Brasher refused to take a stance saying: “Our position is we will … Read More
Nothing explosive about Orica’s climate disclosures
Orica provide explosives, blasting and tunnelling services to the mining, oil and gas, and construction industries. Unlike some of its industry peers, Orica’s published reports do give shareholders some sense of reality: the company accepts the science of climate change, recognises the need for scenario analysis, and this year began … Read More
Vision Super dumps coal and tar sands
This week industry super fund Vision Super, whose membership is mainly made up of Victorian local government employees, announced that it will begin selling off its thermal coal and tar sands company shares. This positive and responsible move means Vision Super members’ money will no longer be used to fund … Read More
Seven Group and Beach Energy dragging their feet on climate disclosure
23 November 2018 Seven Group Holdings has a diverse portfolio that includes industrial services (Coates Hire, CAT dealerships), oil and gas (SGH Energy), and media (41% share in Seven West Media which includes the Seven Network and the West Australian newspaper). Seven Group also has a 29% stake in Beach … Read More
Evolution Mining doesn’t apply gold standard to climate risk disclosure
22 November 2018 Evolution Mining is a gold mining company with operations mainly in Queensland and Western Australia. The gold miner scored dismally low in our latest Investing in the Dark research released in August. The company has not: clearly acknowledged the science of climate change considered climate change as a … Read More
Do you own a piece of these dirty fossil fuel projects?
Super funds invest our retirement nest eggs in major infrastructure projects and assets, not just companies. This means you are likely to own a piece of some of the biggest, dirtiest fossil fuels projects on the planet. Market Forces has found widespread investment in fossil fuel infrastructure among Australia’s 50 … Read More
Lakes Oil & LNG fail to consider the financial impact of climate change
15 November 2018 It was a case of déjà vu this week, with two gas exploration companies almost reading from the same script as they responded to shareholder concerns about climate change resilience at separate annual general meetings (AGM). Lakes Oil and Liquified Natural Gas Limited (LNG) are fossil fuel exploration companies … Read More
Downer board can’t face up to climate questions
1 November 2018 Downer’s board of directors faced questions at today’s annual general meeting about their climate change views and the company’s stance on Australia’s emissions targets. Downer Holdings Company Ltd, as it is listed on the Australian stock exchange, has a diverse business portfolio that includes power, oil and … Read More
Salmon giant Tassal’s climate plan smells fishy
31 October 2018 Beleaguered salmon farming company Tassal, infamous for the ABC Four Corners ‘big fish’ report, was today questioned at its AGM on the business risks of global warming and whether it would join the 240 companies worldwide that have signed up to the Task Force for Climate Related … Read More
Cue Energy: not managing climate risk
30 October 2018 Our latest Market Forces Investing in the Dark research shines a spotlight on companies actively managing climate risk, and those lagging behind. Cue Energy is a stand out for not taking climate change and its risks seriously. The oil and gas exploration company doesn’t make it clear … Read More