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Banks
Westpac’s new climate policy rules out most new coal mines – including Carmichael!
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Media Release: Westpac’s coal exclusion means no funding to Adani coal mine
Brisbane, 28 April 2017 Environmental finance campaigning organisation Market Forces has welcomed the climate change policy update released by Westpac today, which makes the bank the latest to rule out funding Adani's Carmichael coal mine. The policy tightens the...
Exposing Westpac with new honest advertising
Westpac puts a lot of effort into building their brand, which includes talking up their sustainability credentials in their advertising. But in reality Westpac has lent billions to dirty fossil fuel projects, and is the only major Australian bank that hasn’t distanced...
Media Release: Australia’s banks’ $10 billion fossil fuel funding flouts climate pledges
Australia’s banks’ $10 billion fossil fuel funding flouts climate pledges MONDAY 6 MARCH, 2017: New analysis by finance group Market Forces reveals Australia’s ‘big four’ provided almost $10 billion in finance to fossil fuels across the planet in 2016 – three and a...
Big banks loaned $10 billion to fossil fuels in 2016
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ANZ’s coal policy. Weak, but at least effective!
28 February 2017 In October 2015, ANZ published a new Energy Policy with a carbon emission threshold to “ensure we only support new coal fired power plants that use advanced technologies and higher quality coal to significantly reduce emissions to at least 0.8...
Westpac’s marketing made a little bit more honest
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Shareholders revolt over ANZ’s climate destruction
Update: 10 am, Saturday 17 December 2016 In news breaking this morning, ANZ's CEO Shayne Elliott told media after the AGM that ANZ's coal mining exposure was shrinking and he didn't see a reversal of that trend, effectively ruling out funding for the Adani Carmichael...
Westpac tests the patience of ethical investors
9 December 2016 Westpac’s ‘clean and green’ image was shattered today at their Annual General Meeting (AGM) in Adelaide. It started outside the venue where a group of young people presented Westpac with a ‘climate hypocrite’ award for their bankrolling of dirty fossil...