CLIMATIC CHANGES

Major advertiser backs News Corp climate shift

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Original article by Zoe Samios, Amelia McGuire
The Sydney Morning Herald – Page: Online : 8-Sep-21

News Corporations insiders have suggested that pressure from advertisers may have contributed to the media group’s new stance on climate change. News Corp intends to launch a campaign across its platforms to promote the benefits of a carbon-neutral economy. Grocery giant Coles, which boasts one of Australia’s biggest advertising budgets, has welcomed News Corp’s revised approach to climate change. Coles’ new zero emissions advertising campaign has appeared in News Corp’s publications, as well as those of rival media groups.

CORPORATES
NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, COLES GROUP LIMITED – ASX COL

‘No place to hide’: pressure on Australia to end support for new fossil fuel projects after IPCC report

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Original article by Adam Morton, Graham Readfearn
The Guardian Australia – Page: Online : 11-Aug-21

Environmentalists have called for the federal government to halt all new fossil fuel projects in the wake of a new report from the Intergovernmental Panel on Climate Change. Kirsty Howey from the Environment Centre Northern Territory says development of gas resources in the Beetaloo basin must not proceed in the wake of the IPCC report; the federal government is providing up to $50 million in funding for exploration in the basin. Andy Paine of Frontline Action on Coal has also urged an immediate halt to fossil fuel projects, including the Carmichael coal mine in Queensland.

CORPORATES
INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE, ENVIRONMENT CENTRE (NT) INCORPORATED, FRONTLINE ACTION ON COAL

Big carbon nations must cut too: PM

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Original article by Greg Brown, Dennis Shanahan
The Australian – Page: 1 & 6 : 11-Aug-21

Prime Minister Scott Morrison says the federal government will update its 2030 emissions projections ahead of the United Nations Climate Change Conference in November. He adds that the update will show that Australia is on track to exceed its Paris climate agreement targets. Morrison also contends that ‘catastrophic’ climate change will only be avoided if China, India and other developing nations take action to reduce their carbon emissions. China and India are regarded as developing nations, so they are not required to cut emissions immediately under the Paris agreement. Morrison is of the view that his government’s focus on reducing carbon emissions via technology rather than taxes will help to boost clean energy uptake in developing nations.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED NATIONS

Industry group wants climate policy on agenda in wake of bushfires

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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

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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

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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

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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

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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

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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

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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