Industry group wants climate policy on agenda in wake of bushfires

Original article by Mike Foley
The Sydney Morning Herald – Page: Online : 23-Jan-20

Energy Minister Angus Taylor will hold a roundtable meeting with representatives of the nation’s power companies on 23 January. They will discuss the industry’s response to the bushfires crisis. Australian Industry Group CEO Innes Willox says the meeting should also address the issue of climate change. Craig Memery of the Public Interest Advocacy Centre says the agenda should include strategies to make the energy grid more resilient while avoiding a significant impost on consumers.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, THE AUSTRALIAN INDUSTRY GROUP, PUBLIC INTEREST ADVOCACY CENTRE

Banks face stress test on climate

Original article by Michael Roddan
The Australian – Page: 1 & 2 : 20-Dec-19

Australian financial services providers may be required to disclose their exposure to climate risks in their financial statements. It is amongst reforms that are likely to be implemented by the Australian Prudential Regulation Authority and the Reserve Bank of Australia, which include subjecting banks and insurance companies to stress-testing with regard to climate change-related risks. The reforms have been proposed by the Network of Central Banks & Supervisors for Greening the Financial System. The RBA has been a member of it since 2018, while APRA has observer status.

CORPORATES
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, RESERVE BANK OF AUSTRALIA, NETWORK OF CENTRAL BANKS AND SUPERVISORS FOR GREENING THE FINANCIAL SYSTEM

Ita stymies ABC staff climate crisis group

Original article by Lilly Vitorovich
The Australian – Page: 3 : 21-Nov-19

Several of the ABC’s senior journalists have expressed support for a proposal to establish a staff climate crisis advisory group. However, ABC chair Ita Buttrose says the proposal does not have the support of the public broadcaster’s leadership team, adding that "it is not going to happen". Some journalists had warned that the proposal could be at odds with the ABC’s editorial guidelines.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION

ABC staff push for climate group

Original article by Leo Shanahan
The Australian – Page: 23 : 18-Nov-19

A number of ABC presenters and journalists have expressed support for a proposal to establish a ‘climate crisis advisory group’ for the public broadcaster’s staff. Melbourne-based producer and presenter Barbara Heggen put forward the proposal in a recent email to colleagues, in which she stated that the group’s aim would be to report on the climate crisis using a ‘solutions journalism approach’. However, the proposal may be at odds with the ABC’s editorial guidelines.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, RACING NSW

Greens playing with fire

Original article by Greg Brown, Andrew Clennell, Craig Johnstone, Olivia Caisley, Ean Higgins
The Australian – Page: 1 & 6 : 12-Nov-19

Greens leader Richard Di Natale has attracted criticism for attempting to link the bushfires in New South Wales and Queensland to the major political parties’ climate change polices. National Party leader Michael McCormack has labelled the comments as disgraceful and disgusting, while shadow agriculture minister Joel Fitzgibbon has accused the Greens of hypocrisy given that they opposed Labor’s carbon pollution reduction scheme. Meanwhile, NSW Deputy Premier John Barilaro says the state’s National Parks Service should have undertaken more backburning before the bushfire season commenced.

CORPORATES
AUSTRALIAN GREENS, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, NEW SOUTH WALES. NATIONAL PARKS AND WILDLIFE SERVICE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNIVERSITY OF WOLLONGONG, NEW SOUTH WALES RURAL FIRE SERVICE, SHINE ENERGY

NAB, ANZ face new climate activist vote

Original article by Richard Gluyas
The Australian – Page: 19 : 21-Oct-19

Activist group Market Forces recently put forward shareholder resolutions calling on Westpac, the ANZ Bank and National Australia Bank to amend their constitutions in regard to reducing their exposure to fossil-fuel assets. A second activist group, the Australasian Centre for Corporate Responsibility, will table resolutions at the upcoming AGMs of NAB and ANZ, calling on them to withdraw from industry groups whose advocacy stances are at odds with the Paris climate goals. The ACCR states that its resolutions are conditional on shareholders approving the Market Forces resolutions.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, MARKET FORCES, AUSTRALASIAN CENTRE FOR CORPORATE RESPONSIBILITY, BHP GROUP LIMITED – ASX BHP

BHP holds out against activist push

Original article by Nick Evans
The Australian – Page: 17 & 20 : 18-Oct-19

BHP CEO Andrew Mackenzie has defended its membership of mining industry groups such as the Minerals Council of Australia and associated entities like Coal 21, amid growing pressure from activist groups and shareholders. Meanwhile, BHP has advised that scheduled maintenance work at Port Hedland resulted in its Pilbara iron ore production falling three per cent to 69 million tonnes in the September quarter. BHP has also approved additional expenditure of $US344m on the Jansen potash project in Canada, ahead of a final investment decision in February 2021.

CORPORATES
BHP GROUP LIMITED – ASX BHP, MINERALS COUNCIL OF AUSTRALIA, COAL 21

Labor climate policy put fear of God in people and alienated blue-collar base

Original article by Greg Brown
The Australian – Page: 7 : 15-Oct-19

Cathy O’Toole lost the Queensland seat of Herbert at the 18 May federal election; it was the only seat in central and north Queensland that Labor lost in a dismal performance in the state. O’Toole says Labor must rethink its climate change policy in the wake of the election loss, arguing that the policy had alienated Labor’s traditional blue-collar voter base. She has ruled out contesting the seat at the next election.

CORPORATES
AUSTRALIAN LABOR PARTY, ADANI MINING PTY LTD, AUSTRALIAN GREENS

Pollution at top of PM’s ocean plan

Original article by Dennis Shanahan, Graham Lloyd
The Australian – Page: 1 & 4 : 26-Sep-19

Prime Minister Scott Morrison has told the United Nations’ General Assembly that problems such as plastics pollution and illegal fishing are a more "immediate threat" to the world’s oceans than climate change. Morrison argued that industry must take a leadership role in developing commercially sustainable ways of ensuring that plastics are recycled. His address to the UN has coincided with the release of a new report from the Intergovernmental Panel on Climate Change on global warming’s impact on sea levels.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED NATIONS. GENERAL ASSEMBLY, INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE, AUSTRALIAN CONSERVATION FOUNDATION INCORPORATED, AUSTRALIAN NATIONAL UNIVERSITY, UNIVERSITY OF NEW SOUTH WALES, WORLD WIDE FUND FOR NATURE AUSTRALIA, PRATT INDUSTRIES (USA) INCORPORATED, MINDEROO FOUNDATION

Cbus’ climate change quotas queried

Original article by Joanna Mather
The Australian Financial Review – Page: 8 : 6-Sep-19

Construction industry superannuation fund Cbus will allocate one per cent of its $52 billion worth of funds under management to climate change initiatives. Its decision has been queried by Senator James Paterson, who said that establishing quotas seems like a bad idea; Paterson is the chair of the Parliamentary Joint Committee on Corporations and Financial Services. Scott Donald, the director of the Centre for Law, Markets & Regulation at the University of New South Wales, says Cbus is not violating any laws by making such a decision.

CORPORATES
CONSTRUCTION AND BUILDING UNIONS’ SUPERANNUATION FUND, AUSTRALIA. JOINT COMMITTEE ON CORPORATIONS AND FINANCIAL SERVICES, UNIVERSITY OF NEW SOUTH WALES