Armour Energy on climate ‘ We can’t comment on that’

Hydrocarbon exploration and production company Armour Energy today failed to define climate change as a material risk to business, and implement recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD). At the company’s annual general meeting in Brisbane today shareholders pressed the board on its lack of climate … Read More

Shareholders concerned about LNG Limited’s attitude

Liquefied Natural Gas Ltd. does not regard climate change as a material risk to business. Mounting evidence indicates that fossil fuel reserves such as gas may never be utilised due to a variety of factors such as the falling cost of renewables. As the globe begins a transition towards low … Read More

Investors support stronger climate risk disclosure at Origin Energy AGM

18 October 2017 A shareholder resolution coordinated by Market Forces, calling for improvements to Origin Energy’s climate risk disclosure received significant support from institutional investors, garnering 13.77% of shareholder votes, despite the board’s opposition. In dollar terms, investors holding approximately $1.8 billion in stock supported the call for greater climate … Read More

Media Release: Australia desperately needs climate risk disclosure recommendations

  29 June 2017 Reacting to the release of the Financial Stability Board’s final recommendations from its Task Force on Climate Change-Related Financial Disclosures (TCFD), Market Forces Analyst Daniel Gocher said: “These recommendations are sorely needed in Australia, which was recently rated by S&P as being one of the highest carbon-exposed markets in … Read More

Woodside AGM: More Oil & Gas = More Emissions

5 May 2017 Australia’s largest listed oil and gas producer, Woodside Petroleum, held their Annual General Meeting in Perth today, where chairman Michael Chaney made quite possibly the clearest case for reducing carbon emissions. Woodside is Australia’s tenth largest carbon emitter, responsible for over 10 million tonnes of CO2 equivalent … Read More

Santos shows contempt for investors, climate change, at its AGM

Adelaide, Thursday, 4 May 2017 A resolution that would have directed Santos to disclose the risks climate change poses to its business has been defeated at today’s annual general meeting of the company, which reiterated its intent to explore for more unconventional gas and said that when considering its future under climate … Read More