Santos Chairman admits business plan assumes 4C #globalwarming reports @takvera

It was revealed at Santos AGM in Adelaide on 4 May 2017 by Chairman Peter Coates that the company business plan is based upon a 4 degrees temperature rise scenario from climate change. This is at odds with commitments outlined in a statement on climate risk disclosure in April to investors. Santos Chairman Peter Coates replies to a question on climate scenarios for Santos business plan at Santos AGM in Adelaide (Listen to the audio at Market Forces): “The pathway that we adopt is the … 4 degree pathway. It’s the one that the world energy agency, the IEA, business as usual…it’s the comparison with the IEA business as usual […]

Climate activists stage protest outside #LNG18 in Perth reports @takvera

The Gas Industry and all the big fossil fuel companies have come to Perth to talk exploitation of fossil fuels regardless of the climate imperative agreed to in Paris in December 2015. They were greeted on the opening night by climate activists. The 18th International Conference and Exhibition on Liquefied Natural Gas has brought together the fossil fuel industry to discuss production efficiencies with the current low prices in LNG, and work out how they can continue to maximise drilling and exploitation into the future. There was a Welcome to Country and headline speeches by Prime Minister Malcolm Turnbull and Western Australian Premier Colin Barnett. Major companies at the conference […]