RISK ASSESSMENT – AUSTRALIA

Apocalyptic climate risk on horizon

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Original article by Ryan Cropp
The Australian Financial Review – Page: 1 & 4 : 16-Sep-25

Prime Minister Anthony Albanese says the Australian Climate Service’s National Climate Risk Assessment report is a "wake-up call" for people who still question the need for action to address climate change. Amongst other things, the report has warned that climate change could potentially result in heat-related deaths rising by more than 400 per cent, while property values could fall by more than $600 billion by 2050; it also concludes that more frequent heatwaves could result in employers losing 2.7 million additional days of work by 2061. The Australian Chamber of Commerce & Industry’s CEO Andrew McKellar says governments must strike an appropriate balance between science and economics.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN CLIMATE SERVICE, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY

Ranger rated a potential catastrophic risk by Rio

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Original article by Nick Evans
The Australian – Page: 24 : 13-Jun-19

Rio Tinto has advised that 19 of its tailings facilities in Australia have a high hazard rating under a system established by the Australian National Committee on Large Dams. Two of the tailings dams at the Ranger uranium mine have a ‘high B’ rating, which signifies that there is a ‘catastrophic’ risk of damage to the environ­ment and people if they collapse. The Ranger mine is operated by Rio-controlled Energy Resources of Australia, and is slated to be closed in 2021. A dam at Rio Tinto’s Weipa bauxite mine has a ‘high A’ rating.

CORPORATES
RIO TINTO LIMITED – ASX RIO, ENERGY RESOURCES OF AUSTRALIA LIMITED – ASX ERA, BHP GROUP LIMITED – ASX BHP, GLENCORE PLC, ANGLO AMERICAN PLC, AUSTRALIAN NATIONAL COMMITTEE ON LARGE DAMS INCORPORATED, CHURCH OF ENGLAND