8 March 2016 The US's biggest bank, with assets totalling around US$2.4 trillion, JPMorgan Chase today announced a significant withdrawal from financing the coal industry. The bank's updated Environmental and Social Policy Framework sets out their new...
Can you mitigate natural disasters without mitigating climate change?
3 March 2016 A new report by the Australian Business Roundtable has found that the economic impact of natural disasters in Australia is expected to balloon in the next decade. At the moment, natural disasters in Australia do $9 billion of economic damage per year, set...
Biggest lenders to fossil fuels in 2015 revealed
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VicSuper: Protect ALL Members From Climate Change Risks
22 February 2016 We have heard from some of their members that VicSuper are currently considering how they treat the issue of climate change, and the myriad of financial and moral issues wrapped up in it. After seeing a host of other funds mistakenly “tackle” this...
The polluting power of political donations
1 February 2016 Federal Treasury on Friday published the 2015 Tax Expenditure Statement (TES), which details the cost of all the various tax-based subsidies under current policy. It's by no means a riveting read, and we wouldn't recommend you trawl through it...
Time to tell Australia’s insurers to ditch coal
28 January 2016 Around the world, pressure is building on the insurance industry to divest from fossil fuels, while back home we are ramping up our campaign to stop Australia's major insurers shooting themselves in the foot by investing in climate change's drivers. In...
Our achievements and highlights of 2015
2015 was a monumental year for campaigning to get finance and investment away from fossil fuels. Check out some of our wins and highlights of the year! [cs_row style="margin: 0px auto; padding: 0px; "...
Did Vision Super divest on the quiet?
15 December 2015 Early last week, Vision Super posted a press release on their website announcing their commitment to sustainable investment. Vision Super also updated their website, adding a page dedicated to “Sustainable Super” and the calming image of a wind farm...
The cost of HESTA’s half-arsed divestment? $165 million
26 November 2015 HESTA is an industry super fund for health and community services workers, managing around $32 billion for 800,000 odd members. In September last year, HESTA made a welcome announcement restricting future thermal coal investments across its...
Australia reluctantly agrees to OECD coal finance restrictions
18 November 2015 Finance ministers from the OECD group of wealthy nations have reached an agreement to stop financing the highest polluting new coal power plants. Originally proposed by Japan and the US, the deal ensures that all new coal plants will only eligible for...