Instead of just relying on companies to disclose carbon information to investors, it's time to establish a service that uses sophisticated techniques to collect facility–specific environmental data, says a leading international stranded assets think–tank.
The Queensland Land Court has recommended the State Government approve Adani's Carmichael coal mine, but only if it improves its water monitoring and "controls or regulates" threats to an endangered bird species.
BP has acceded to shareholder demands for greater disclosure of its carbon risks, while an Australian super fund has backed efforts to secure a US investigation of reporting by Chevron and ExxonMobil.
Environmental activists have discovered a string of penalties against a company seeking to expand its WA mining operations, and say the issue calls into question the State Government's policy on publicising fines.
Banks and investors no longer automatically accept proponent and government assurances on environmental risk, and are now increasingly doing their own risk analysis on finance for major projects, according to the Investor Group on Climate Change.