All articles
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Policy shonk: Australian banks ranked on exposure to climate risk
Sydney, 9 December 2021: Australia’s Big 4 banks are significantly exposed to climate risk, with weak climate lending policies and loopholes for fossil fuel lending that are at odds with their commitment to the Paris Agreement, according to new analysis from Greenpeace Australia Pacific.Greenpeace’s analysis, released ahead of the NAB, Westpac and ANZ AGMs next…
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Emissions drop shows coal being squeezed out of the energy system
The latest quarterly Australian emissions data shows that climate pollution has dropped due to a decline of coal in the energy system as it is superseded by renewables, which Greenpeace Australia Pacific says shows the need for faster coal closure timelines. The data reveals that a decline in coal production and ongoing emission reductions in…
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REPORT: Scenarios for the Replacement of the Liddell Power Station
The cheapest and lowest emissions option to replace the Liddell coal-burning power station in the New South Wales Hunter Valley is clean energy backed up by batteries, according to a…
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AGL put on notice as shareholders vote for Australia’s biggest climate polluter to clean up its act
SYDNEY, Sept 22 2021 – Thousands of shareholders in Australian electricity giant, AGL, have expressed their support for a resolution calling on the company to disclose interim emissions targets towards the Paris climate goals for both of its planned demerged companies.The vote was put to investors at the company’s Annual General Meeting today where a…
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Australia’s biggest corporate greenwashers revealed: new report
The majority of net zero commitments made by major Australian companies have been described as ‘corporate greenwash’, with new analysis from Greenpeace Australia Pacific finding that most of the highest-emitting companies in the ASX200 that have set net-zero targets either have no firm plans to end their use of coal to meet their target, or…
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AGL delisted from ASX 50 as clean energy transition leaves Australia’s biggest coal burner behind
SYDNEY, Sept 4 2021 – After multi-billion dollar losses and a share price collapse, Australia’s biggest climate polluter, AGL, will be delisted from the ASX-50.The Australian Stock Exchange made the announcement yesterday after markets had closed, in response to a September quarterly review that found the value of AGL had continued to sink as the…
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No coal needed for Australia’s grid: AEMO
SYDNEY, Aug 31 2021 – Australia’s national electricity grid operator (AEMO) says that renewable energy backed by storage can provide a stable electricity supply over the next five years as ageing, unreliable coal-burning power stations close, putting AGL and other coal-burning behemoths on notice, says AGL board candidate Ashjayeen Sharif.AEMO’s Electricity Statement of Opportunities, published…
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‘ESB coal handouts’ show Morrison Government prioritises coal over people
SYDNEY, Aug 26 2021 – A Federal Government plan to use public funds to pay coal power stations to keep operating regardless of whether they produce electricity shows that the Morrison Government’s priority for support is coal companies, rather than people, says Greenpeace Australia Pacific.After an intense lobbying campaign from the owners of coal burning…
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Student striker in the running to lead Australia’s biggest climate polluter, AGL
SYDNEY, August 16, 2021: An eighteen year old student striker has bought shares in energy giant AGL and nominated himself as a director, saying that he wants to transform AGL from Australia’s biggest climate polluter to a renewable energy powerhouse.Ashjayeen Sharif, a first year university student from Melbourne, is in the running for a directors…
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AGL’s Titanic coal failure sees it lose more than $2 billion
SYDNEY, Aug 12 2021 – AGL, Australia’s biggest energy company has posted a $2.06 billion full-year loss, which Greenpeace Australia Pacific describes as a “Titanic failure” on the part of the company to navigate the changing energy market.AGL’s reported underlying net profit dropped 33.5 per cent to $537 million. The reams of red ink on…