A group of investors is trying to shut down this mining company from the inside

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More than 100 investors in Whitehaven Coal have filed a resolution asking the company to plan its own closure — the first in an ambitious play by an activist shareholder group to push fossil fuel companies to act on climate change.

First State Super, Australia's third largest super fund, announced this year it would dump investments in companies that derived more than 10 per cent of their revenue from thermal coal.

One against Woodside this year asked it to align its strategy with the aims of the Paris Agreement received more than 50 per cent.Mr Vincent said the difference between Market Forces's latest moves and previous resolutions was the degree of tolerance for a company "pretending that it can just go on with business as usual".

He advises investors on how to vote on these resolutions, as well as some companies targeted by them.

 

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What a great idea.

100 investors is the equivalent of one single worthless atom in the universe

Of course the ABC pushes on with its biased rabbid anti coal Pro renewable adgenda

Awesome

Climate change a total scam

Cool. Now I know not to invest in them, rather save so when they get bought out invest in THAT company. Hahahaha. Hippies.

Australian Govt wont build new Coal fired power station Hmm DH Coal Rush: China, Japan & India Back Coal-Fired Future With Hundreds of New Plants

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August earning season to smash businesses, companies to slash dividends | Sky News AustraliaA large number of businesses are expected to take a hit during the August reporting season as the coronavirus pandemic sees a drop in guidance and minuscule dividend payments.\n\nMarket expectations forecast company earnings will be down roughly 20 per cent with the mining sector leading the charge due to skyrocketing iron ore prices.\n\nAMP Capital’s Shane Oliver told Sky News he expects dividends to be cut by about 40 per cent.\n\n“It’s not just banking, it’s companies outside banking which will likely cut dividends,” he said.\n\nImage: Getty ❗️10.5 per cent or almost six Sydney Harbours of Australia's water foreign owned ❗️China now the single biggest foreign owner of Australian water at 1.9 per cent ❗️Farmers struggling to afford water due to hiked up prices by overseas buyers
Source: SkyNewsAust - 🏆 7. / 78 Read more »