ENVIRONMENTALISTS – AUSTRALIA

NAB cold on Adani’s Carmichael

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Original article by Amanda Saunders, Ben Potter
The Australian Financial Review – Page: 8 : 3-Sep-15

National Australia Bank is reported to have ruled out investing in Adani’s $A16 billion Carmichael coal project in Queensland. Adani responded by saying it had never approached NAB for funding. Meanwhile, announcing a 15.4 per cent return on its portfolio, Future Fund chairman Peter Costello said the fund would continue to invest in companies where there was an investment case, whether they were mines or banks supporting mines.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, ADANI MINING PTY LTD, AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MINERALS COUNCIL OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, GREENPEACE, BANK OF TOKYO-MITSUBISHI LIMITED, WHITEHAVEN COAL LIMITED – ASX WHC, NEWCASTLE CITY COUNCIL

Fight against fossil fuels gains ground

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Original article by Amanda Saunders, Jemima Whyte
The Australian Financial Review – Page: 7 : 28-Aug-15

The City of Melbourne will examine its investment policy with a view to divesting its shares in fossil fuels. Councillor Arron Wood said the council was aiming for zero net emissions by 2020 and it was important to lead by example. Albury City Council has also decided to review its investments following Newcastle’s shock decision to sell its shares in banks which fund miners.

CORPORATES
CITY OF MELBOURNE, NEWCASTLE CITY COUNCIL, ALBURY CITY COUNCIL, MOUNT ALEXANDER SHIRE COUNCIL, WESTPAC BANKING CORPORATION – ASX WBC, CITY OF SYDNEY, CITY OF PERTH, BLUE MOUNTAINS CITY COUNCIL

New front opens in activists’ war

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Original article by
The Australian Financial Review – Page: 2 : 24-Aug-15

HESTA’s decision to sell its stake in Transfield Services is a sign of things to come. Australian-listed companies must be prepared to be challenged by environmental and social activists. Divestment campaigns are no longer limited to tobacco, gambling or weapons. Environmental and social issues are now also scrutinised by activists. For investors, this is a worrying development.

CORPORATES
TRANSFIELD SERVICES LIMITED – ASX TSE, HEALTH EMPLOYEES’ SUPERANNUATION TRUST AUSTRALIA LIMITED, ALLAN GRAY AUSTRALIA PTY LTD, WILSON SECURITY SERVICES, AUSTRALIAN NURSING FEDERATION, HEALTH SERVICES UNION OF AUSTRALIA, UNITED VOICE

Taxpayers funded action to block Adani

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Original article by Mark Ludlow
The Australian Financial Review – Page: 5 : 10-Aug-15

A parliamentary inquiry into the tax deductibility status of environmental groups has found that government funds are often used to finance court actions against mining companies. A recent court case involving the Mackay Conservation Group and Indian energy company Adani has attracted the inquiry’s attention to the issue of transparency at environmental groups. Mackay Conservation Group co-ordinator Ellen Roberts said in early August 2015 that only donations were used to fund the case against Adani.

CORPORATES
FEDERAL COURT OF AUSTRALIA, ADANI MINING PTY LTD, MACKAY CONSERVATION GROUP INCORPORATED, LIBERAL-NATIONAL PARTY OF QUEENSLAND, ENVIRONMENTAL DEFENDER’S OFFICE (NSW) LIMITED, TARKINE NATIONAL COALITION INCORPORATED, AUSTRALIAN LABOR PARTY

Mine activist in jail

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Original article by Lisa Cox
The Age – Page: 12 : 24-Jun-14

Some 1,000 people demonstrated on 22 June 2014 at a rare earths processing plant in Kuantan, Malaysia, against Australian-listed owner Lynas Corporation. There have been fears by residents about the potential impact of radioactive waste. After the protest became violent, 16 arrests were made. Among those detained is Australian anti-mining campaigner Natalie Lowrey, who faces a charge under Malaysia’s Immigration Act for breaching visa regulations

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, HIMPUNAN HIJAU, PAKATAN RAKYAT