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...
Coal
How Peabody Energy burned us all
The largest coal miner in the United States, Peabody Energy Corp, on Wednesday revealed in regulatory filings to the Securities and Exchange Commission (SEC) that there were doubts it could continue as a going concern. As such, it may voluntarily seek protection under...
A shocking reminder of the health impacts of coal
11 March 2016 It's a shocking story that's slowly emerging. Up to 1,000 current and former Queensland coal mine workers could be affected by pneumoconiosis, or black lung disease, and it's possible that authorities and coal mining companies have tried to cover up the...
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...
Media release: Super funds lose billions on fossil fuels as divestment calls mount
NEW REPORT: Super funds lose billions on fossil fuels as divestment calls mount Sydney, 10 February 2016 Report identifies $5.6 billion in losses on fossil fuel stocks Funds lose an average $1109 per member over two years Colonial tops list of poor performers Website...
Media comments: Turnbull Government putting economy, environment at risk with Abbot Point approval
22 December 2015 In response to the news that Environment Minister Greg Hunt has approved the expansion of the Abbot Point coal export terminal, Market Forces Executive Director Julien Vincent said: "It's pretty clear that the Australian Government is prepared to take...
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...
Westpac commits to action for “below 2 degrees”
11 December 2015 Westpac has today made a commitment to operate in line with an economy that limits global warming to below two degrees! CEO Brian Hartzer said to hundreds of shareholders in Sydney: Westpac is committed to operating, both directly and indirectly, in a...
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...
How does Westpac measure up on climate?
2 December 2015 We're in a time of year usually defined by the United Nations climate change negotiations, currently underway in Paris. But we're also in the middle of annual general meeting (AGM) season for Australia's big banks, and a parade of glossy brochures and...