22 October 2020 Thanks to the efforts of over 100 shareholders, all of Whitehaven Coal's investors were today forced to consider the case for the company to demonstrate how it will wind down coal operations in line with the climate goals of the Paris Agreement....
Media release: Whitehaven faces world-first resolution to wind down its coal operations
22 October 2020 - For immediate release Institutional investors will today vote on a world first shareholder resolution, calling on Whitehaven Coal to demonstrate how it will wind down coal operations in line with global climate change targets. The resolution, which...
Shareholder resolutions call for fossil fuel wind up plans
Market Forces is supporting shareholders to call on companies to demonstrate how they will ‘wind up’ (bring about an end to) coal, oil and gas production over time, protecting money from being wasted on new projects, and supporting workers as the economy rapidly moves...
Australia’s pariah projects: the fossil fuel proposals threatening to bust our climate goals
Australia’s ‘big four’ banks – ANZ, CommBank, NAB and Westpac – have all publicly championed the Paris Agreement. They have also committed to the global goal of net zero emissions by 2050, even though the current state of climate science means we should be aiming for...
Fossil fuel investments tanking
16 May 2020 The value of Australia’s fossil fuel producers has tanked over the last 10 years, a trend which has been exacerbated during the Covid-19 pandemic. We identified 11 companies in the top 300 listed on the Australian share market (ASX 300) whose sole business...
Australia’s major political parties, brought to you by fossil fuels!
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Whitehaven Coal pins hopes to catastrophic 4°C scenario
17 October 2019 Australia's biggest dedicated coal miner, Whitehaven Coal, went to great lengths to talk up the prospects of demand growth for its product at the company's annual general meeting in Sydney today. What the Whitehaven board failed to mention, however,...
Media release: Whitehaven Coal calls 185 countries’ bluff
Whitehaven Coal's Werris Creek mine 15 August 2019 Whitehaven Coal, Australia’s biggest pure-play coal miner, has once again trumpeted coal demand projections based on a scenario that would see the utter failure of the Paris Agreement. “Whitehaven Coal’s plans to...
Investors want Whitehaven Coal to disclose climate risk – but not avoid it
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ] 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...
Whitehaven next in frame for investor pressure on climate
Market Forces in the media Op-ed by Julien Vincent, executive director Market Forces Sydney Morning Herald/The Age, 19 October 2018 Next week investors will get the opportunity to vote on whether an ASX100 company that is custodian of their money should align its...