Origin Energy is an Australian energy generator and retailer with more than a dozen Australian power stations.
ACCR has engaged with Origin (ASX:ORG), the fourth largest scope 1 emitter in Australia, since 2020, filing resolutions on Origin’s climate sensitivity analysis, lobbying activities, Paris-aligned capital expenditure and its fracking activities in the Northern Territory.
In 2022, after Origin committed to stop gas exploration, ACCR recommended shareholders endorse Origin’s Climate Transition Action Plan, which more than 90% of shareholders supported. With its legacy projects now owned by other oil and gas producers, ACCR continues to monitor the consequences of Origin’s decision to divest from, instead of wind-down, its gas portfolio.
Origin’s coal-based Eraring power station, the largest in Australia, is scheduled to close in 2025.
ACCR is withdrawing its shareholder resolution calling for Origin Energy (ASX: ORG) to include a 1.5°C climate change sensitivity analysis in its 2023 financial statements, after Origin agreed to deliver this information.
ACCR has filed a shareholder resolution with Origin Energy (ASX:ORG), seeking that the company include a climate sensitivity analysis in its audited financial statements.
ACCR is calling on Origin Energy (ASX:ORG) and Rio Tinto (ASX:RIO) to take immediate action to quarantine the interests of both Oleg Deripaska and Viktor Vekselberg in their respective joint ventures.
ACCR is calling on Origin Energy (ASX:ORG) to suspend its relationship with Falcon Oil & Gas until such time as Viktor Vekselberg’s interest in the company is quarantined.
ACCR is calling on Australian companies to immediately review their relationships with companies linked to the oligarchs aligned with Russian President Vladimir Putin.
“This is a problem largely of the companies’ own making, having acquired the coal-fired power stations from state governments in the last decade, knowing full well the risks embedded in emissions intensive assets”.
Read the background and reasoning behind upcoming shareholder resolutions to Origin Energy on consent and fracking, and lobbying relating to COVID-19 Recovery
“The Federal government may have finally given up on thermal coal but the carbon lobby won’t be deterred, by pushing gas, another dirty fossil fuel - which is proven to have the same, if not worse emissions than coal once fugitive methane emissions are factored in.”
BHP, Origin Energy, Santos and Woodside are behind efforts to dirty up the Clean Energy Finance Corporation (CEFC) by allowing it to invest in gas projects.
ACCR's Shareholder Resolution to Origin Energy calls on the company to establish an independent review of consent processes with Aboriginal Native Title holders, and to review the climate lobbying of its industry associations.
