ACCR Company Engagement Origin Energy Ltd

Origin Energy is an Australian energy generator and retailer.

Origin Energy (ASX:ORG) is engaged in oil and gas exploration and production, including in the Northern Territory Beetaloo Basin and Queensland's Bown and Surat basins. Origin is also a major energy retailer, and operates over a dozen power stations across the country.

Origin has allocated over 70% of its capital expenditure to fossil fuels for FY18 through FY21. A 2021 ACCR resolution requesting the company to align capital expenditure with the Paris Agreement received support from 44% of voting shareholders.

Updates

  1. Media release

    Origin’s shift away from gas expansion celebrated by investors with 94% support for climate plan

    ACCR is commenting on the results of Origin Energy’s 2022 AGM (ASX: ORG), including the company’s Say on Climate vote.

  2. Media release

    Origin concedes to investor pressure, will include climate sensitivity in financial statements

    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.

  3. Media release

    Beetaloo divestment will not reduce emissions

    ACCR is commenting on Origin’s (ASX: ORG) recent announcement that it will divest 100% of its interest in the Beetaloo Basin to Tamboran (ASX:TBN).

  4. Media release

    It’s showtime: HESTA not giving up on 1.5°C, holding fossil fuels to account

    HESTA will be holding AGL Energy, Origin Energy, Woodside Energy and Santos to account over the gaps between their strategies and a 1.5C pathway.

  5. Media release

    Origin’s climate cognitive dissonance: failure to factor in emissions from much hyped new gas basins

    ACCR is commenting on a newly released Climate and Transition Plan issued by Origin Energy (ASX:ORG).

  6. Media release

    Climate in Origin’s financial statements: Closer but no cigar

    ACCR is commenting on Origin Energy’s Full Year Results (ASX:ORG), in which it reported a 30% increase in underlying profit.

  7. Media release

    Origin’s industry association review ignores glaring misalignment with Paris Agreement by fossil fuel pushers

    ACCR is commenting on a newly released Review of Industry Associations by Origin Energy (ASX:ORG).

  8. Media release

    Origin’s climate risk is material, must be in financial statements

    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.

  9. Shareholder Resolution

    ACCR Shareholder Resolutions to Origin Energy Ltd on climate sensitivity analysis

    ACCR has filed Shareholder Resolutions to Origin Energy Ltd (ASX:ORG) on climate sensitivity analysis in its audited financial statements

  10. Media release

    Divestment a cop out - no evidence that divestment decreases emissions

    Climate-aware institutional investors considering divesting should be thinking very hard about what power they are giving up.

  11. Media release

    Origin a winner and loser in energy crisis

    Just like its local and global peers, Origin’s LNG business has benefited significantly from Putin’s invasion of Ukraine.

  12. Media release

    Rio Tinto’s decision on Queensland Alumina welcome; Origin Energy still to act

    ACCR is welcoming Rio Tinto’s decision to take on the capacity and governance of Queensland Alumina.

  13. Media release

    Origin Energy & Rio Tinto must act on sanctions

    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.

  14. Media release

    Origin Energy & Rio Tinto must take immediate action on Deripaska and Vekselberg interests

    ACCR welcomes the Federal government’s decision to sanction Russian oligarchs Oleg Deripaska and Viktor Vekselberg.

  15. Media release

    Origin Energy must act on Vekselberg before sanctions

    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.

  16. Media release

    Origin Energy’s Science Based Target to be revoked over climate wrecking gas basins

    ACCR is commenting on Origin Energy’s (ASX:ORG) strategy refresh.

  17. Media release

    Window dressing: Origin must suspend JV with Falcon

    ACCR is calling on Origin Energy to suspend its joint venture with Falcon Oil & Gas in the Beetaloo Basin.

  18. Media release

    Australian companies must urgently review ties with Russian oligarchs

    ACCR is calling on Australian companies to immediately review their relationships with companies linked to the oligarchs aligned with Russian President Vladimir Putin.

  19. Media release

    Origin shows AGL how it’s done, must now address gas

    ACCR is commenting on Origin Energy’s (ASX:ORG) decision to bring forward the closure date of its Eraring coal-fired power station to 2025.

  20. Media release

    Origin Energy cops shareholder heat on gas

    ACCR comment on the voting results on its two shareholder resolutions at the AGM of Origin Energy (ASX:ORG).

  21. Briefing note

    Investor briefing: Shareholder Resolutions to Origin Energy Ltd on climate-related lobbying and Paris-aligned capital expenditure.

    Supporting brief to our shareholder resolutions to Origin Energy Ltd on climate-related lobbying and Paris-aligned capital expenditure.

  22. Research

    Investor briefing: Shareholder Resolutions to Origin Energy Ltd on climate-related lobbying and Paris-aligned capital expenditure.

    Supporting brief to our shareholder resolutions to Origin Energy Ltd (ASX: ORG) on climate-related lobbying and Paris-aligned capital expenditure.

  23. Media release

    Origin must align lobbying and capex with Paris Agreement

    ACCR has filed two shareholder resolutions with Origin Energy Ltd (ASX:ORG) on climate-related lobbying and capital expenditure.

  24. Shareholder Resolution

    ACCR Shareholder Resolutions to Origin Energy Ltd on climate-related lobbying and Paris-aligned capital expenditure.

    ACCR has filed Shareholder Resolutions to Origin Energy Ltd on climate-related lobbying and Paris-aligned capital expenditure.

  25. Media release

    Origin must abandon gas exploration to be 1.5°C aligned

    Origin Energy becomes the sixth ASX-listed company to have committed to a ‘Say on Climate’.

  26. Media release

    AGL and Origin writedowns: stranded assets in real time

    “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”.

  27. Media release

    Origin AGM: transparency on Indigenous consent and climate lobbying must improve

    Origin Energy cannot continue to ignore investor concerns on the consent of Indigenous communities and lobbying.

  28. Briefing note

    Investor briefing: Shareholder Resolutions to Origin Energy on FPIC and lobbying

    Read the background and reasoning behind upcoming shareholder resolutions to Origin Energy on consent and fracking, and lobbying relating to COVID-19 Recovery

  29. Media release

    BHP dumps QRC; Origin and Santos should do the same

    “BHP has proven the value of ACCR’s shareholder resolution—some industry associations simply won’t change unless there are financial consequences”.

  30. Media release

    Gas lobby secures taxpayer funding from Federal government for a failing industry

    “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.”

  31. Media release

    BHP, Origin Energy, Santos & Woodside aiming to destroy the Clean Energy Finance Corporation

    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.

  32. Shareholder Resolution

    ACCR Shareholder Resolutions to Origin Energy on lobbying and consent for fracking

    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.