12 May 2022 Global investment management firm Vanguard recently released its 2021 Investment Stewardship Report, where it discusses the supposed impact of its engagement with the companies in which it invests. Vanguard provides case studies on the Adani Group (p 36) and Australian thermal coal miners Whitehaven Coal and New … Read More
Whitehaven Coal found producing far more thermal coal than environmental assessment estimates
11 May 2022 Whitehaven Coal is Australia’s biggest publicly-listed pure play coal mining company. It operates four coal mines in New South Wales, and is pursuing a further three new or expanded mines that could double the company’s coal production by 2030. The company’s coal expansion plans are completely out … Read More
Deutsche Bank staff survey 2022
21 March 2022 Thank-you for taking the time to fill out this survey. Its purpose is to understand the views of Deutsche Bank employees regarding the bank’s reported decision to arrange finance for Whitehaven Coal, one of Australia’s most controversial coal mining companies. The survey is anonymous and takes about … Read More
Win! Credit Suisse rules out Whitehaven Coal
Climate-wrecking coal company Whitehaven Coal received a $1 billion loan in February 2020 from a group of major banks, including European investment bank Credit Suisse. Late last year, Credit Suisse updated its policy on thermal coal mining, clearly excluding Whitehaven from any further funding. This makes Credit Suisse the first … Read More
New Hope investment raises shareholder concerns at Washington H Soul Pattinson AGM
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