3 August 2016 Australia's big four banks have made a mockery of their ‘two degree’ commitments, pouring $5.6 billion into the fossil fuel sector since the December 2015 Paris climate change agreement. Our latest research shows the banks' have failed to come anywhere...
Banks
Climate change denial goes mainstream at Macquarie AGM
28 July 2016 “There are two sides to this debate.” These were the remarks of the Macquarie Group Chairman Peter Warne, after their AGM descended into somewhat of a farce earlier today, as shareholders asked tough questions of a bank that is fast becoming a significant...
NAB chalks first stranded coal power plant
9 July 2016 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...
Renewables lending plummets as Katter calls for coal funding
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Can the big banks be coal free in five years?
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Traditional owners reject Adani’s Carmichael mine for a third time
21 March 2016 The Wangan and Jagalingou Family Council (W&J) - traditional owners of the proposed site of the Carmichael coal mine - on the weekend voted to reject a land use agreement with mine proponents Adani. This was the third time W&J traditional owners...
Another US bank getting out of coal, big four dragging the chain
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...
Media release: Banks up to their necks in fossil fuels, putting the climate and their balance sheets at risk
Melbourne, 26 February 2016 Australia's major banks continue to play an integral role in financing the fossil fuel industry, despite commitments to support the goal of limiting global warming to less than two degrees. Market Forces has analysed lending to the fossil...
Biggest lenders to fossil fuels in 2015 revealed
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