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_section style="margin: 0px; padding: 0px; "][cs_row style="margin: 0px auto; padding: 0px; "...
Blog
2015: coal loses, community wins.
21 December 2015 The global coal industry stumbled into 2015 looking pretty peaky. Analysts across the finance sector were increasingly using terms like “structural decline” to describe its state and its future, while the spin-meisters spent a fortune hitting back...
Commbank’s climate credentials don’t make it through Paris
7 December 2015 Well that was short lived! A month ago we were celebrating Commonwealth Bank's new Group Environment Policy committing the bank to the goal of limiting global warming to less than two degrees. For a moment, it looked like Commbank really got the issue...
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...
Allianz, world’s largest insurer, dumps coal
24 November 2015 Allianz Investment Management, the money management arm of the largest insurer in the world, has committed to divesting coal from their portfolios. The firm manages in excess of EUR 600 billion of assets covering the liabilities of the insurer. In an...
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...
New report puts the spotlight back on fossil fuel subsidies
12 November 2015 The huge ongoing problem of governments around the world pumping hundreds of billions of dollars into fossil fuel production has been brought back into the spotlight by a new report published by US-based Oil Change International and the UK's Overseas...
Fossil fuel lending in 2015 – The story so far
1 October 2015 As the banks’ AGMs rapidly approach, we thought it would be useful to check in with our latest research and see what stories have come out of the fossil fuel lending numbers so far this year. All data quoted below is taken from our research into fossil...
Fossil Free Funds launches in the US
16 September 2015 Similar to our own Super Switch project, the Fossil Free Funds initiative has been launched by US non-profit As You Sow. The project makes it simple for users to research their exposure to fossil fuel companies through the holdings of their...
Big banks need to update their fossil fuel policies
15 September 2015 An article written by Clancy Yeates in yesterday’s Sydney Morning Herald highlighted the significant financial and reputational risks that fossil fuel assets pose to banks, and questioned whether NAB and CommBank’s recent moves to distance themselves...