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.
A global coalition of institutional investors has told oil and gas companies it expects them to 'stress test' how their operations would fare if dangerous climate change is prevented.
A new Australian Conservation Foundation report says the nation's big four banks can't finance Galilee Basin coal projects while meeting their obligations under the Equator Principles.
Businesses including GDF Suez, Unilever, Ernst & Young, China Steel and Swiss Re will be among those calling for a price on carbon at this month's UN climate summit, which will coincide with the launch of a new investor-business climate coalition.
Greenpeace and WWF have written to directors of companies including BHP Billiton, GlencoreXstrata, Chevron and Conoco Philips asking whether they expect to be personally indemnified by their companies and insurers against potential lawsuits over carbon emissions and climate change.
Investors should build on aviation industry 'greenwash' to establish a strong, global carbon price that could flow to other sectors, Goldman Sachs' former head of risk management has told a Sydney forum.
The local division of activist group 350.org says Australian universities should follow Stanford University's lead, after it yesterday announced it would not invest in the coal industry.
Activist groups fighting Whitehaven's Maules Creek coal mine are targeting an international investor and have urged a society representing environmental consultants to investigate whether a member has breached its code of conduct.
Major investors will play an increasingly active role in ensuring fossil fuel companies manage their emissions, according to Nathan Fabian of the Investor Group on Climate Change.