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....
Oil
CIMIC Group refuses to rule out Adani
11 April 2019 The Adani Carmichael coal mine and rail project is perhaps the most contested mining project in Australian history. An eight-year campaign has seen more than 40 banks and insurance companies worldwide refuse to back it, as have many engineering and...
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...
Karoon Gas: not quite the environmentalist it claims to be
30 November 2018 "We are at heart environmentalists," CEO Robert Hosking of oil explorer and soon-to-be producer, Karoon Gas told shareholders at today's annual general meeting in Melbourne. The company, which is about to drill an offshore oil well in Peru that has a...
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)....
Senex passes the buck on climate change targets
15 November 2018 When it comes to measuring the financial risk of climate change, not much has changed for oil and gas company Senex over the past three years. In 2016 its auditors declared they did not consider climate risk as a financial risk. In 2017 the board...
Carnarvon Petroleum – climate change not a financial risk
9 November 2018 Western Australia-based oil and gas exploration company Carnarvon Petroleum made clear at its annual general meeting today that it does not consider climate change as a material financial risk. Chairman P. J. Leonhardt explained he had missed a page of...
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...
WorleyParsons won’t rule out Adani
23 October 2018 "Can the board confirm that it has completely ruled out working with Adani on the Carmichael coal mine and its supportive infrastructure like the North Galilee Basin Rail Line and the Abbot Point coal terminal that will transport coal from the mine?"...
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...