Ten dodgy fossil fuel deals hurting the banks

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Share this story The demise of the fossil fuel industry just got real for Australia’s big banks. Having provided the debt that fueled the last big fossil fuel boom, the likes of ANZ, CommBank, NAB and Westpac now find themselves exposed to projects that are both environmentally and financially toxic, … Read More

NAB chalks first stranded coal power plant

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The Callide C coal-fired power station in Central Queensland has gone into receivership after failing to make a $50 million payment on its debt which expired last month. Several news sources, including the Australian Financial Review, are reporting the development but what has so far gone unnoticed is the scale … Read More

Spring 2016 Internship Program

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Powerful environmental organisation seeks passionate, inspired, smart, skilled campaigners who want to make an immediate impact while getting a huge dose of professional development in the process. Market Forces is just one part of an amazing and diverse movement working to tackle massive environmental issues like climate change and the … Read More

Renewables lending plummets as Katter calls for coal funding

ANZ and CBA renewables lening so far 2016

On the same day that Bob Katter demands public money be sunk into the proposed Galilee Basin coal export projects we find that, as of late June 2016, the big four banks’ lending to renewable energy is near record lows. Use the form on this page to tell the major banks … Read More

Newsletter: Is this the end for Australia’s dirtiest power station?

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From Australia’s dirtiest power plant to the world’s biggest coal port, some of the worst examples of Australia’s dangerous and destructive fossil fuel industry have been grabbing headlines over the past couple of weeks. Check out these stories and more in the latest Market Forces newsletter. Become a Market Forces … Read More

Newsletter: Coal-free banks in five years?

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20 May 2016 It’s a little more good news this week. Our latest research shows how the big banks’ loan books could be coal free within the next five years, simply by letting loans to coal power plants, mines and ports expire and not extending their support for the sector. With all four banks supporting … Read More

MELBOURNE 25 May: Join our super funds divestment team!

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Much of Australians’ superannuation is funding dangerous climate change, water and air pollution and destruction of farmland and forests. All over the world responsible financial institutions are divesting from coal, oil and gas companies for both moral and financial reasons. This divestment trend is gaining momentum. Do you want to … Read More

Can the big banks be coal free in five years?

Coal Free in Five Years

Whether or not they realised it at the time, Australia’s major banks signed up to some radical changes at the end of 2015. They all came out in support of the goal to hold global warming to below two degrees, recognising the role they had to play in helping the … Read More

“Anything but coal!” Rio Tinto shirks Bulga locals over mine expansion

Judith, Rob and Annemaree heading in to the AGM

Rio Tinto’s Chairman and outgoing CEO side-stepped questions from three Bulga residents on the impact of the controversial Mt Thorley Warkworth coal mine expansion at their annual general meeting (AGM) on Thursday. The three “Bulgarians” – Annemaree and Rob McLaughlin and Judith Leslie – were able to attend the AGM in … Read More