February 2020 Every year, Australian governments and their departments spend billions of dollars of your money so that more coal, gas and oil can be extracted and burned. Favourable decisions include: Meanwhile, drought and extreme temperatures are fast becoming the new normal. So how has the fossil fuel industry come … Read More
Woodside CEO admits gas the loser if the world limits warming to 1.5 degrees
In a week where climate change dominated global headlines with the UK Parliament’s declaration of a climate emergency and school strikers taking to the streets in over 500 locations worldwide, corporate Australia was also facing increasing scrutiny on climate change. Woodside’s annual general meeting on Thursday 2 May 2019 in … Read More
Woodside say they have “no stranded assets”
19 April 2018 “We don’t believe that we have stranded assets,” said Woodside chairman Michael Chaney when asked about the oil and gas company’s new Scarborough gas field at today’s AGM. Watch the response here: This directly contradicts the findings of UK think tank Carbon Tracker which warned last year … Read More
Another year, another $1m in political donations from fossil fuel companies
1 February 2018 Malcolm Turnbull’s personal donation of $1.75 million around the time of the 2016 Federal election may have grabbed all the headlines, but the ongoing contributions to political parties by Australia’s largest fossil fuel companies may explain why our climate policies are so appallingly weak. Fossil fuel companies … Read More
Investors warned: US$2.3 trillion worth of oil and gas projects inconsistent with 2°C
A new report has found US$2.3 trillion of projected capital expenditure (capex) on upstream oil and gas projects would be wasted under a 2°C warming scenario. Produced by Carbon Tracker in partnership with UN Principles for Responsible Investment (PRI) and leading institutional investors, the report ranks the world’s 69 largest … Read More
Shareholders put climate front and centre
Market Forces is all about empowering community members to hold organisations accountable for their climate and environmental impacts. A major element of this work involves working with shareholders to enable them to raise these issues directly with companies at their annual general meetings (AGMs). In the first half of 2017, … 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
