10 December 2021 Washington H Soul Pattinson (WHSP) owns 40% of Australian thermal coal miner New Hope, and the two companies share a number of directors, including Chair Rob Millner. New Hope is pursuing the highly controversial New Acland Stage 3 coal mine in Queensland, and confirmed at its AGM … Read More
Send some Christmas cheer to Deutsche Bank’s CEO!
7 December 2021 ‘Tis the season to be jolly… unless, like Deutsche Bank, you’re arranging funds for climate-wrecking coal companies. That’s why this Christmas we’re going to flood Deutsche Bank’s CEO with Christmas cards, to remind him that working with Whitehaven Coal will put Deutsche Bank on Santa’s naughty list. So … Read More
ANZ fails to rule out funding fossil fuel expansion amidst climate crisis
26 November 2021 ANZ, a bank purportedly committed to net-zero emissions by 2050, today released an updated climate policy that does nothing to prevent it from funding new climate-wrecking oil and gas projects and the companies pursuing them. The policy update comes just months after the International Energy Agency (IEA) … Read More
New Hope Corporation doubles down on coal during farcical 2021 AGM
19 November 2021 Coal miner New Hope Corporation’s 2021 AGM descended into farce yesterday, with technology issues compounding upon the company’s evasive approach to shareholder accountability. Despite this, New Hope’s board still found time to double-down on its commitment to climate-wrecking coal, admitting New Hope intends to continue deriving around … Read More
Whitehaven Coal AGM 2021: Board keeps its head in the sand over net zero by 2050
27 October 2021 Whitehaven Coal faced sustained pressure from shareholders at its AGM today over the future of its coal business in a scenario where the world reaches net zero emissions by 2050. Shareholders grilled Whitehaven’s board over the company’s planned coal projects and their incompatibility with the global effort … Read More
Deutsche Bank’s involvement with Whitehaven Coal exposed in German media
23 October 2021 On Friday morning, executives at Deutsche Bank awoke to a half-page advertisement on page 7 of Handelsblatt, a major newspaper popular in Germany’s financial world. The ad, coordinated by Market Forces, exposes Deutsche Bank for reportedly preparing to arrange finance for climate-wrecking coal company Whitehaven Coal. To … Read More
Deutsche Bank prepares to raise funds for Whitehaven
1 October 2021 Financial news source Debtwire reported last week that Deutsche Bank is preparing to raise funds for Whitehaven Coal’s climate-wrecking coal business. Specifically, Debtwire reports that Deutsche Bank organised a “non-deal roadshow” event this week, and intends to act as a bookrunner for any bond issue that emerges … Read More
Japan threatens communities and climate by backing Indramayu and Matarbari coal power projects
1 October 2021 In the wake of some of the worst climate change impacts experienced globally, Japanese financial institutions and coal developers are pushing new coal power stations in Bangladesh and Indonesia, fuelling extreme weather and climate change. Locals on remote Matarbari Island on the southeastern coast of Bangladesh and … Read More
China coal shift a body blow to Australian coal
22 September 2021 Overnight, Chinese President Xi Jinping announced to the United Nations General Assembly that China “will not build new coal-fired power projects abroad”. The statement follows similar announcements made earlier this year by Japan and South Korea. Since 2013, 65% of global public finance for coal power stations … Read More
NAB and Westpac: Stop funding Whitehaven Coal!
15 September 2021 The federal Environment Minister has just signed-off approval for Whitehaven’s climate-wrecking Vickery coal mine. But Whitehaven still needs to find enough money to match the mine’s $600 million price-tag. Despite stating their support for the Paris Agreement, NAB and Westpac loaned a combined $220 million to Whitehaven … Read More