Big miners back a greener future

Original article by Geoff Chambers
The Australian – Page: 1 & 6 : 22-Jun-20

The Minerals Council of Australia will release details of a three-year climate action plan on 22 June, as well as endorsing the Paris agreement. The MCA’s climate plan includes the use of renewable energy and electric vehicles at mine sites, and it has been put together in response to a climate change backlash from fund managers and shareholders of MCA member companies. As to the issue of zero net emissions targets, MCA CEO Tania Constable says there is no set sector-wide deadline, with member companies having their own timeframes.

CORPORATES
MINERALS COUNCIL OF AUSTRALIA, BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO

Australia will take new emissions reduction target to Glasgow climate summit

Original article by Rob Harris
The Age – Page: Online : 10-Feb-20

Energy Minister Angus Taylor says the federal government will develop a new long-term carbon emissions reduction strategy ahead of the United Nations climate summit in November. He has stressed that the government is of the view that new technologies rather than taxes are the key to reducing carbon emissions. However, the government has declined to commit to a target of net zero emissions by 2050. Meanwhile, independent MP Zali Steggall plans to introduce a private member’s bill to establish an independent Climate Change Commission.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Fire inquiry accepts climate link: Morrison

Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 6-Feb-20

Prime Minister Scott Morrison has advised that former defence force chief Mark Binskin will head the federal government’s bushfires royal commission. Morrison says the inquiry will proceed on the basis that climate change is real and contributed to the scale and severity of the bushfires. National Party leader Michael McCormack says that while human activity has contributed to climate change, it is the role of scientists to determine the extent of this. Home Affairs Minister Peter Dutton in turn has pointed to arson as one of the causes of the bushfires.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF HOME AFFAIRS

Bandt abused PM with deaths claim

Original article by Rosie Lewis
The Australian – Page: 4 : 5-Feb-20

Adam Bandt has stepped up his attack on the federal government’s environmental credentials after being elected unopposed as the new leader of the Greens. He has claimed that the Coalition’s climate change policy will result in many more deaths than the recent bushfires, as it will result in a 3-degree temperature increase. Bandt also contends that the business models of fossil fuel producers are unsustainable, and he has called for domestic coal-fired power generation and coal exports to be phased out by 2030. Larissa Waters and Nick McKim are the new joint deputy leaders of the Greens.

CORPORATES
AUSTRALIAN GREENS

Malcolm Turnbull slams PM’s response to climate change and bushfires

Original article by Bevan Shields
The Sydney Morning Herald – Page: Online : 23-Jan-20

Former prime minister Malcolm Turnbull has used a BBC interview to criticise his successor Scott Morrison over his handling of the bushfires crisis. Amongst other things, Turnbull has accused Morrison of misleading the public by downplaying the impact of climate change on the bushfires. He has also questioned why Morrison had ignored warnings from fire experts about the likely severity of the bushfire season. Turnbull has also called US President Donald Trump the world’s "leading climate denier" and doubled down on his criticism of News Corp’s stance on climate change.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, BRITISH BROADCASTING CORPORATION

No more carbon cuts, PM warned

Original article by Rosie Lewis
The Australian – Page: 1 & 5 : 16-Jan-20

Some Coalition MPs say that the federal government must not make significant changes to its carbon emission reduction targets in response to the bushfires crisis. Prime Minister Scott Morrison has indicated that the nation will exceed its 2030 target of reducing emissions by 26-28 per cent; he has also emphasised that a range of measures in response to climate change are needed, rather than simply reducing emissions. Former National Party leader Barnaby has called for the construction of nuclear power plants in Australia, as well as clean-coal power stations. Sources within the government have suggested that reviving the national energy guarantee policy is unlikely.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NATIONAL PARTY OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Kenny rejects Murdoch climate coverage attack

Original article by Max Mason
The Australian Financial Review – Page: 4 : 16-Jan-20

News Corporation’s climate coverage continues to attract scrutiny following criticism by James Murdoch, a director of the global company and the son of media mogul Rupert Murdoch. However, News Corp Australia commentator Chris Kenny contends that News Corp is one of the few media organisations that provide "fact-based, varied and realistic debate" on the issue. He adds that global coverage of climate change tends to be dominated by "alarmist and hysterical views". Former News Corp Australia employee Emily Townsend recently alleged that the company has engaged in a misinformation campaign to divert attention from climate change during the bushfires crisis.

CORPORATES
NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, SKY NEWS, 21ST CENTURY FOX INCORPORATED

James Murdoch criticises father’s news outlets for climate crisis denial

Original article by Jim Waterson
The Guardian Australia – Page: Online : 15-Jan-20

The climate coverage of News Corp Australia’s newspapers has come under scrutiny in the wake of the bushfires crisis. James Murdoch and his wife Kathryn have issued a joint statement in which they criticise the media group’s continued climate change denial stance. Murdoch is a director of parent company News Corporation, and he stepped down as CEO of 21st Century Fox when it was sold to Walt Disney Company. Media mogul Rupert Murdoch told shareholders at New Corp’s 2019 AGM that there are no climate change deniers at the company.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FOX NEWS, 21ST CENTURY FOX INCORPORATED, WALT DISNEY COMPANY

Technology is the key to climate policy

Original article by John Kehoe, Andrew Tillett
The Australian Financial Review – Page: 3 : 14-Jan-20

Prime Minister Scott Morrison has indicated a slight shift in the federal government’s approach to climate change in the wake of the bushfires crisis. This follows community angst about the apparent link between climate change and the hotter and drier summer weather that contributed to the crisis. The government sees investments in low-emissions technology as the best way to cut carbon emissions and meet its 2030 carbon emissions targets, and it may not need to use Kyoto carryover credits to reach these targets.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Climate threatens ratings: Moody’s

Original article by David Rogers
The Australian – Page: 13 & 16 : 14-Jan-20

A report from Moody’s Investors Service has concluded that the bushfire crisis will reduce GDP growth by less than 0.1 per cent. The ratings agency adds that the federal and state governments have sufficient fiscal buffers to cope with the current crisis, but it warns that an increase in climate change-related natural disasters in the future could negatively affect their credit ratings. Meanwhile, Anthony Walker of S&P says the federal government’s return to a Budget surplus may be delayed by the bushfire emergency, although he adds that this would be unlikely to have any effect on Australia’s credit rating.

CORPORATES
MOODY’S INVESTORS SERVICE INCORPORATED, S&P GLOBAL RATINGS