A new report names 21 ASX200 companies as divestment candidates due to their involvement in fossil fuel extraction or their downstream exposure to fossil fuels, while listing others for engagement and possible divestment.
Businesses such as BHP Billiton, Rio Tinto and Shell have already examined what extreme weather means for their operations, says adaptation expert Dr Jason West.
Global investors with more than $3 trillion under management have asked 45 companies - including BHP Billiton, Rio Tinto, BP and Xstrata - to explain how they are planning for an 80% reduction in fossil fuel emissions by 2050.
Australia's latest greenhouse gas accounts don't prove the carbon price is a 'pointless burden', as claimed by Environment Minister Greg Hunt, but they do show that the scheme's influence has so far been modest, says Pitt & Sherry's Hugh Saddler.
Activist Bill McKibben had some useful messages for institutional investors at a Sydney meeting, according to the Investor Group on Climate Change, while Greens Leader Christine Milne says it's time for the Future Fund to exit fossil fuels.
A national climate adaptation facility established five years ago at the behest of COAG will launch its research findings at Parliament House at the end of May and then cease to exist a month later, due to a lack of Federal funding.