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...
TCFD
APA’s pipeline is “head of the snake that is the Pilliga project”
25 October 2018 "We’re just the truck to get the eggs to market after they've been laid," APA chairman Michael Fraser told a concerned landowner at the gas infrastructure company's annual general meeting today. Western Plains farmer David Chadwick replied: "We don’t...
Investors want Whitehaven Coal to disclose climate risk – but not avoid it
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text]Â 25 October 2018 Shareholder demands for climate risk disclosure reached a record high in Australia today, as 40% of Whitehaven Coal's investors supported a...
Aurizon doesn’t want to become ‘public enemy number one’
18 October 2018 Aurizon’s relationship with Indian coal mining giant Adani dominated question time at its annual general meeting in Brisbane today. Last month, Adani proposed a shorter rail line that would link its proposed Carmichael mega mine in the Galilee Basin to...
Paris climate goals not on the menu at Treasury Wines
18 October 2018 Wildfires tore through the Napa Valley in October 2017, devastating the Californian wine industry. As the hills went up in flames, the estates owned and operated by Treasury Wine Estates (TWE) miraculously survived with only minor damage. The fires,...
Orora yet to fully unpack climate change risk
16 October 2018 Even if you’ve never heard of Orora, you’ve probably come across the company before. You might have used their packaging when drinking beer or a bottle of wine - they're a large packaging company that produce glass bottles, aluminum cans, and other...
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...
Meeting Paris Agreement goals is not a matter for ASX board
4 October 2018 With its high proportion of coal and gas producers, the ASX All Australian 50 index has been rated the most exposed market to potential stranded [fossil fuel] assets. These are coal, oil and gas reserves that cannot be burnt if we want to stay well...
AGL reaffirms closing Liddell coal-fired power station by 2022
26 September 2018 Today energy giant AGL faced angry community representatives and shareholders at its annual general meeting (AGM) in Melbourne. Most of question time was taken up by the Western Port community voicing their concerns over Crib Point, with the board...
Who’s coming clean on climate risk?
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text _order="0"]10 September 2018 If you've been following our work closely over the last couple of years, you'll know we've put a lot of effort into forcing companies to...