Trial has been set for next May in a case by AustralianĀ parents that accuses EnergyAustralia of engaging in misleading conduct in promoting a “carbon neutral” program, a case that puts carbon offset credits under scrutiny.
A law firm that has gone after major banks and the federal government over their climate exposure has trained its sight on the National Australia Bank.
A shareholder has dropped her case against ANZ over concerns it was failing to properly manage climate change risk, after the bank publicly committed to treating it as a key risk, later revealingĀ it would stop providing project finance to new or expanded oil and gas projects.
A government entity that subsidises fossil fuel projects is facing a novel lawsuit alleging it failed to disclose the full environmental and climate impacts of its activities.Ā
ANZ is facing proceedings by a shareholder who wants the bank to turn over documents related to its risk management systems in response to concerns it is increasing loans to fossil fuel companies and failing to properly address climate change risks.
EnergyAustralia has hit back at a lawsuit by Australian parents accusing it of misleading customers, saying it was “valid” to market its products involving a carbon offset scheme as ‘carbon neutral’.
The High Court has struck down a Victorian tax on electric cars, finding the state usurped powers held only by the federal government.
A judge who signed off on a settlement in a class action against theĀ government by sovereign bondholders over the disclosure of climate risks said proving climate change posed a risk to government coffers may not be as difficult as the government has claimed.
A judge has approved the settlement of a class action brought on behalf of sovereign bondholders over the disclosure of climate change risks, despite a late scrap with the government over whether the deal puts a stop to future cases.
The government has agreed to acknowledge that climate change is a systemic risk that could affect the value of its bonds in order to resolve a class action on behalf of sovereign bond investors over its climate disclosures.