Photo credit: Kiều Tấn Tiến 10 May 2019 German insurer Talanx announced last month it planned to stop underwriting new coal power plants and coal mines, and envisages that its portfolio would no longer include any coal-fired power plants or coal mines from 2038...
Coal
General Electric chooses to ignore clean energy transition
Credit: Pexel Photos 10 May 2019 Yesterday in New York at General Electric's (GE) annual general meeting, (AGM) shareholders called out their CEO, H. Lawrence Culp Jr., for GE’s role in constructing new coal-fired power stations around the world, jeopardizing its own...
Rothschild & Co bank called on to end support for Adani’s massive new coal mine
By Lucie Pinson - Friends of The Earth France, Originally published by Banktrack, 30 April 2019. “Keep coal in the ground!” In the last few years, this climate activist slogan has become a shared position worldwide, based not on beliefs but on facts. If there is...
DBS gambles on coal, as scrutiny arrives at its AGM
25 April 2019 At the annual general meeting of DBS today, the Singaporean bank was challenged over its plans to excuse several proposed projects from its policy to stop funding new coal power. Last Thursday DBS released what, in all fairness, was a pretty good policy...
Analysis: Singapore banks signal an end to new coal financing
18 April 2019 This week saw Singapore's two biggest banks -Oversea-Chinese Banking Corporation (OCBC) and DBS - commit to an endpoint for their lending to new coal power plants. On Monday, OCBC CEO Samuel Tsien told media: "We won't do any new coal-fired power...
Media release: OCBC and DBS coal policies a game changer for Asian energy finance
18 April 2019 Responding to the news that OCBC and DBS have, within two days of each other, signalled an end point to financing new coal power stations, Market Forces Executive Director Julien Vincent said: "This week was a major game-changer for energy finance in the...
OCBC bank ends new coal power lending, except for two projects in Vietnam
17 April 2018 OCBC's chief executive officer Samuel Tsien said in an interview earlier this week that OCBC will not fund any more new coal - but will remain in two projects in Vietnam. Subscription news sources suggest these projects are Van Phong 1 and Vung Ang 2....
CIMIC Group refuses to rule out Adani
11 April 2019 The Adani Carmichael coal mine and rail project is perhaps the most contested mining project in Australian history. An eight-year campaign has seen more than 40 banks and insurance companies worldwide refuse to back it, as have many engineering and...
HSBC’s cynical coal policy leaves Bangladesh, Vietnam and Indonesia open for business
Håkan Dahlström, CC BY 2.0 HSBC’s coal power policy, released at its April 2018 AGM, boldly states it will not finance new coal-fired power plants, with some exceptions. It will still finance projects in Bangladesh, Vietnam and Indonesia, with further limits on the...
Standard Chartered tries to have it both ways on coal
Op-ed by Julien Vincent, executive director Market Forces Published in Asia Times, 21 January 2019 While 2018 climate-change news was dominated by President Donald Trump’s announcement of the United States’ intention to withdraw from the Paris Climate Agreement,...