8 November 2021 After being outed as part of a potential new funding deal for the Adani Carmichael coal project last month, Bank of New York Mellon (BNY Mellon) has done a full 180-degree turn and announced it will not sign any new contracts with Adani in Australia...
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Commbank wants to hear from its customers. Tell the bank: net-zero by 2050 means no new fossil fuels!
Just weeks after Commbank was rebuked over its fossil fuel funding at its annual shareholder meeting,[1] its CEO Matt Comyn has invited customers to “ask questions and share your ideas on ways we can support you, businesses and the community”. Customers can submit...
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...
Deutsche Bank’s involvement with Whitehaven Coal exposed in German media
23 October 2021 Share the ad on Deutsche Bank’s social media pages! 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...
Bank of New York Mellon involved in potential Adani coal deal
UPDATE: 5 November 2021. Bank of New York Mellon has withdrawn from the deal and will resign its role with Adani in Australia. See our blog for further information. 21 October 2021 It has been revealed that an Australian subsidiary of Bank of New York Mellon (BNYM)...
Origin Energy faces shareholder backlash over climate, fracking and Traditional Owner concerns
20 October 2021 Strong opposition to Origin's plans to open up the giant Beetaloo gas basin in the Northern Territory to fracking was voiced by Traditional Owners at the company's AGM today, while votes on shareholder proposals delivered significant investor rebukes...
Tell GIP: don’t enable Woodside’s climate-wrecking Scarborough gas project
18 October 2021 After thousands of community members took action, infrastructure investor Brookfield has reportedly decided not to partner with Woodside on its climate-wrecking Scarborough-Pluto gas project. This is great news, and a reward for the efforts of...
Commonwealth Bank rebuked over fossil fuel funding at AGM
13 October 2021 As the International Energy Agency (IEA) prepares to publish the most detailed account of its Net Zero Emissions by 2050 scenario—in which there’s no room for expansion of the fossil fuel industry—Commonwealth Bank’s annual shareholder meeting saw its...
Adani must not be allowed to greenwash itself at UK climate summits
12 October 2021 Coal billionaire Gautam Adani cannot be allowed to greenwash his company’s reputation in front of world leaders and investors at the Global Investment Summit in London and the United Nations COP26 in Glasgow. Hosted by the UK Government on 19 October,...
Hamilton Insurance Group sets new low with meaningless ESG principles
5 October 2021 Hamilton’s 116-word statement should be an example to all other insurers of what an ESG (environment, social, governance) policy should NOT look like. Since mid 2020, 28 Lloyd’s of London insurers have answered the call of the #StopAdani campaign...