ACCR
@accr.bsky.social
ACCR is a shareholder advocacy and research organisation. We use shareholder strategy to enable investors to escalate engagements with heavy-emitting companies in their portfolios. Find us at accr.org.au
A change to BP’s upstream strategy – in particular, tightening its investment framework and ceasing conventional exploration – offers a more credible path to the value that shareholders expect. www.accr.org.au/research/mov...
Moving BP from rhetoric to action on capital discipline
A change to BP’s upstream strategy – in particular, tightening its investment framework and ceasing conventional exploration – offers a more credible path to the value that shareholders expect.
www.accr.org.au
February 13, 2026 at 12:42 AM
A change to BP’s upstream strategy – in particular, tightening its investment framework and ceasing conventional exploration – offers a more credible path to the value that shareholders expect. www.accr.org.au/research/mov...
BP seems to be pointing to a cracked window while the foundation of the house is quietly sinking. The attention given to the recent impairments in BP’s transition business is misdirected when the upstream business deserves just as much scrutiny. www.netzeroinvestor.net/news-and-vie...
Oil and gas assets account for the bulk of BP’s losses
Ahead of BP’s full-year results due tomorrow morning, new research suggests that fossil fuel holdings, rather than renewables, account for the majority of the company’s losses and impairments.
www.netzeroinvestor.net
February 12, 2026 at 10:57 PM
BP seems to be pointing to a cracked window while the foundation of the house is quietly sinking. The attention given to the recent impairments in BP’s transition business is misdirected when the upstream business deserves just as much scrutiny. www.netzeroinvestor.net/news-and-vie...
An aggressive growth strategy has delivered increased production for Woodside but not value for investors. The departure of Meg O’Neill, is a chance to take stock and consider alternative strategies that could deliver billions of dollars more value. www.accr.org.au/research/for...
Fork in the road
Under new leadership, it’s time for Woodside to look towards value.
www.accr.org.au
February 12, 2026 at 10:53 PM
An aggressive growth strategy has delivered increased production for Woodside but not value for investors. The departure of Meg O’Neill, is a chance to take stock and consider alternative strategies that could deliver billions of dollars more value. www.accr.org.au/research/for...
Investors will be looking for a clear signal that Woodside’s next CEO will break from the habit of pursuing high-capex, marginal-return fossil fuel projects, and instead prioritise capital discipline, balance sheet strength and shareholder returns. www.accr.org.au/insights/edi...
February 12, 2026 at 10:42 PM
Investors will be looking for a clear signal that Woodside’s next CEO will break from the habit of pursuing high-capex, marginal-return fossil fuel projects, and instead prioritise capital discipline, balance sheet strength and shareholder returns. www.accr.org.au/insights/edi...
Nest has co-filed a shareholder resolution calling on BP to demonstrate how its increase in upstream spending will deliver value for shareholders.
The resolution will be tabled at BP's annual general meeting for consideration.
www.accr.org.au/posts/shareh...
The resolution will be tabled at BP's annual general meeting for consideration.
www.accr.org.au/posts/shareh...
February 12, 2026 at 10:39 PM
Nest has co-filed a shareholder resolution calling on BP to demonstrate how its increase in upstream spending will deliver value for shareholders.
The resolution will be tabled at BP's annual general meeting for consideration.
www.accr.org.au/posts/shareh...
The resolution will be tabled at BP's annual general meeting for consideration.
www.accr.org.au/posts/shareh...
Woodside is searching for a new chief executive. But as the board begins that process, it should also be asking a more uncomfortable question: is the company’s aggressive growth strategy still fit for purpose?
The answer is no.
www.accr.org.au/insights/edi...
The answer is no.
www.accr.org.au/insights/edi...
Editorial: Woodside doesn’t just need a new CEO. It needs a new strategy
Like much of the oil and gas sector, Woodside demonstrates that more barrels do not automatically mean more value.
www.accr.org.au
February 11, 2026 at 10:36 PM
Woodside is searching for a new chief executive. But as the board begins that process, it should also be asking a more uncomfortable question: is the company’s aggressive growth strategy still fit for purpose?
The answer is no.
www.accr.org.au/insights/edi...
The answer is no.
www.accr.org.au/insights/edi...
For decades, oil majors fought climate regulation. Now, they’re afraid Trump’s extreme rollbacks could leave them on the hook to pay for what they’ve done. heated.world/p/trump-is-w...
Trump is wiping out all climate regulation. Big Oil may regret it.
For decades, oil majors fought climate regulation. Now, they’re afraid Trump’s extreme rollbacks could leave them on the hook to pay for what they’ve done.
heated.world
February 11, 2026 at 10:08 PM
For decades, oil majors fought climate regulation. Now, they’re afraid Trump’s extreme rollbacks could leave them on the hook to pay for what they’ve done. heated.world/p/trump-is-w...
The departure of Woodside’s CEO offers the company the perfect opportunity to explore alternative strategies that could deliver billions of dollars more value for shareholders, new ACCR research finds. www.accr.org.au/news/new-res...
February 11, 2026 at 9:57 PM
The departure of Woodside’s CEO offers the company the perfect opportunity to explore alternative strategies that could deliver billions of dollars more value for shareholders, new ACCR research finds. www.accr.org.au/news/new-res...
For investors, the halt to buybacks and removal of payout guidance raise fresh questions about how BP plans to balance shareholder returns, balance sheet resilience, and future project spending. finance.yahoo.com/news/bp-buyb...
BP Buyback Pause Puts Capital Priorities And Activist Demands In Focus
BP (LSE:BP) has paused its share buyback program as part of a broad review of how it allocates capital. The company has withdrawn its payout targets and is reconsidering how much cash is returned to s...
finance.yahoo.com
February 11, 2026 at 9:45 PM
For investors, the halt to buybacks and removal of payout guidance raise fresh questions about how BP plans to balance shareholder returns, balance sheet resilience, and future project spending. finance.yahoo.com/news/bp-buyb...
By cutting its shareholder distributions while continuing to funnel capex into the upstream business, BP doesn’t appear to have shareholder interests at heart. www.accr.org.au/news/bp-cuts...
BP cuts distributions – yet continues to favour oil & gas growth
ACCR is commenting on BP’s 2025 full year results.
www.accr.org.au
February 11, 2026 at 10:00 AM
By cutting its shareholder distributions while continuing to funnel capex into the upstream business, BP doesn’t appear to have shareholder interests at heart. www.accr.org.au/news/bp-cuts...
ACCR has co-filed a shareholder resolution to BP for enhanced disclosures on upstream capital expenditure. Read more here: www.accr.org.au/posts/shareh...
February 11, 2026 at 5:02 AM
ACCR has co-filed a shareholder resolution to BP for enhanced disclosures on upstream capital expenditure. Read more here: www.accr.org.au/posts/shareh...
"While the pivot back to oil and gas has been justified by scapegoating the low carbon business, our analysis shows that the upstream business has been the source of 75% of disposal losses and impairments since 2020." Nick Mazan said www.bbc.com/news/article...
BP steps up cost cutting as profits slide
The oil giant also suspends its share buyback programme ahead of the arrival of its new boss.
www.bbc.com
February 11, 2026 at 1:41 AM
"While the pivot back to oil and gas has been justified by scapegoating the low carbon business, our analysis shows that the upstream business has been the source of 75% of disposal losses and impairments since 2020." Nick Mazan said www.bbc.com/news/article...
Dimitri began his career in the oil and gas sector in 2001 and resigned in 2012. Following his departure, he completed a PhD in 2018 that sat at the intersection of climate science and the energy transition. Today, Dimitri is Chief Scientist at ACCR. lifeafteroil.net/story/dimitr...
Dimitri LaFleur - Life After Oil
Dimitri worked in the oil and gas sector for 11 years before resigning and going on to become the Chief Scientist at the Australasian Centre of Corporate Responsibility (ACCR).
lifeafteroil.net
February 9, 2026 at 10:57 PM
Dimitri began his career in the oil and gas sector in 2001 and resigned in 2012. Following his departure, he completed a PhD in 2018 that sat at the intersection of climate science and the energy transition. Today, Dimitri is Chief Scientist at ACCR. lifeafteroil.net/story/dimitr...
The insurance industry can play an important role in accelerating the transition from fossil fuels to renewable energy. Many insurers restricted their support for new oil & gas, yet almost all of them continue to underwrite new LNG terminals. swissclimaterambles.substack.com/p/first-rein...
First reinsurer restricts support for LNG terminals
Munich Re no longer reinsures new LNG terminals linked to new gas fields
swissclimaterambles.substack.com
February 9, 2026 at 10:56 PM
The insurance industry can play an important role in accelerating the transition from fossil fuels to renewable energy. Many insurers restricted their support for new oil & gas, yet almost all of them continue to underwrite new LNG terminals. swissclimaterambles.substack.com/p/first-rein...
Commonwealth Bank warns iron ore prices and Australian export growth face structural downside risk, as China actively works to reduce its reliance on Australian supply - partly due to geopolitical tensions au.finance.yahoo.com/news/commonw...
Commonwealth Bank warning as China unleashes the 'Pilbara killer' after 46-day voyage
The project is tapping one of the world's richest iron ore deposits as Australia is warned of a 'decoupling' in the critical market.
au.finance.yahoo.com
February 9, 2026 at 10:53 PM
Commonwealth Bank warns iron ore prices and Australian export growth face structural downside risk, as China actively works to reduce its reliance on Australian supply - partly due to geopolitical tensions au.finance.yahoo.com/news/commonw...
Ahead of BP’s full-year results due tomorrow morning, new research suggests that fossil fuel holdings, rather than renewables, account for the majority of the company’s losses and impairments. www.netzeroinvestor.net/news-and-vie...
Oil and gas assets account for the bulk of BP’s losses
Ahead of BP’s full-year results due tomorrow morning, new research suggests that fossil fuel holdings, rather than renewables, account for the majority of the company’s losses and impairments.
www.netzeroinvestor.net
February 9, 2026 at 10:38 PM
Ahead of BP’s full-year results due tomorrow morning, new research suggests that fossil fuel holdings, rather than renewables, account for the majority of the company’s losses and impairments. www.netzeroinvestor.net/news-and-vie...
75% of BP's disposal losses and impairments have come from its oil and gas business over the past five years, ACCR finds, challenging the common narrative that the company’s renewables investments are the main driver of its underperformance. www.accr.org.au/news/75-of-b...
75% of BP’s disposal losses & impairments since 2020 down to oil and gas
75% of BP's disposal losses and impairments have come from its oil and gas business over the past five years, a new analyst note by ACCR finds.
www.accr.org.au
February 9, 2026 at 7:30 AM
75% of BP's disposal losses and impairments have come from its oil and gas business over the past five years, ACCR finds, challenging the common narrative that the company’s renewables investments are the main driver of its underperformance. www.accr.org.au/news/75-of-b...
Check out Alex 's story on the Life After Oil website.
Alex worked in oil and gas from 2004 to 2021 when he left Woodside, with a few years outside the sector along the way. Today, he is an analyst with ACCR.
lifeafteroil.net/story/alex-h...
Alex worked in oil and gas from 2004 to 2021 when he left Woodside, with a few years outside the sector along the way. Today, he is an analyst with ACCR.
lifeafteroil.net/story/alex-h...
Alex Hillman - Life After Oil
Alex Hillman worked in oil and gas for 15 years before moving to the Australasian Centre of Corporate Responsibility (ACCR) to focus on corporate accountability in Europe.
lifeafteroil.net
February 9, 2026 at 5:38 AM
Check out Alex 's story on the Life After Oil website.
Alex worked in oil and gas from 2004 to 2021 when he left Woodside, with a few years outside the sector along the way. Today, he is an analyst with ACCR.
lifeafteroil.net/story/alex-h...
Alex worked in oil and gas from 2004 to 2021 when he left Woodside, with a few years outside the sector along the way. Today, he is an analyst with ACCR.
lifeafteroil.net/story/alex-h...
BP’s is expected to report impairments of $4-5 billion in its transition business. While these impairments are material, this represents less than 10% of BP’s disposal losses and impairments since 2020.
Read our full note here: www.accr.org.au/research/bp%...
Read our full note here: www.accr.org.au/research/bp%...
February 9, 2026 at 5:04 AM
BP’s is expected to report impairments of $4-5 billion in its transition business. While these impairments are material, this represents less than 10% of BP’s disposal losses and impairments since 2020.
Read our full note here: www.accr.org.au/research/bp%...
Read our full note here: www.accr.org.au/research/bp%...
75% of BP's disposal losses and impairments have come from its oil and gas business over the past five years, a new analyst note by ACCR finds. www.accr.org.au/news/75-of-b...
February 9, 2026 at 2:01 AM
75% of BP's disposal losses and impairments have come from its oil and gas business over the past five years, a new analyst note by ACCR finds. www.accr.org.au/news/75-of-b...
BP will face pressure from shareholders to prove it can leave a turbulent period in the past as it prepares to reveal its full-year results this week. www.theguardian.com/business/202...
BP faces calls for new strategy to end period of turbulence
Full-year results expected to reveal weaker profits as company also faces investor pressure over climate U-turn
www.theguardian.com
February 9, 2026 at 1:38 AM
BP will face pressure from shareholders to prove it can leave a turbulent period in the past as it prepares to reveal its full-year results this week. www.theguardian.com/business/202...
Before these talks started, the split between the two companies’ values was 69 to 31. For the merger, Glencore is understood to have wanted closer to 60 to 40. Those numbers lay at the heart of the fight between the two companies. www.afr.com/chanticleer/...
What really killed Rio Tinto and Glencore’s $300b dream deal
Forget the issues of ego, control and culture. Only one thing ever mattered in this deal, and that was what ultimately stopped it.
www.afr.com
February 6, 2026 at 12:34 AM
Before these talks started, the split between the two companies’ values was 69 to 31. For the merger, Glencore is understood to have wanted closer to 60 to 40. Those numbers lay at the heart of the fight between the two companies. www.afr.com/chanticleer/...
Climate change, biodiversity loss, and even policy fragmentation represent systemic risks to investors’ portfolios. They cannot be diversified away from, nor addressed through company-level engagement alone. www.iigcc.org/insights/sys...
Systems Stewardship: How investors are responding to systemic risks
IIGCC explains systems stewardship – what it is, how it complements company-level engagement (traditional stewardship) and what it looks like in practice.
www.iigcc.org
February 5, 2026 at 11:55 PM
Climate change, biodiversity loss, and even policy fragmentation represent systemic risks to investors’ portfolios. They cannot be diversified away from, nor addressed through company-level engagement alone. www.iigcc.org/insights/sys...
Rio Tinto and Glencore have abandoned plans for a $260bn megamerger that would have created the world’s largest mining group amid a scramble for metals such as copper that are fuelling the AI boom. www.ft.com/content/812a...
Rio Tinto and Glencore abandon $260bn merger plan
Deal would have created world’s largest mining group
www.ft.com
February 5, 2026 at 11:53 PM
Rio Tinto and Glencore have abandoned plans for a $260bn megamerger that would have created the world’s largest mining group amid a scramble for metals such as copper that are fuelling the AI boom. www.ft.com/content/812a...
Shell has kicked off discussions with potential bidders for a minority stake in the $34 billion Woodside-operated North West Shelf project in Western Australia. It is among the world’s biggest LNG projects. www.afr.com/street-talk/...
Inside Shell’s pitch to sell a stake in Woodside’s $34b North West Shelf
Sources said North West Shelf’s ownership structure gives existing investors a leg-up over external buyers, as Shell shops its 16.7 per cent stake in the business.
www.afr.com
February 4, 2026 at 11:11 PM
Shell has kicked off discussions with potential bidders for a minority stake in the $34 billion Woodside-operated North West Shelf project in Western Australia. It is among the world’s biggest LNG projects. www.afr.com/street-talk/...