12 March 2020 Adani is asking investors to back the Abbot Point coal export terminal for the next seven years through a new bond. With take-or-pay contract protection now largely expired, whoever invests is placing a massive bet about the Carmichael coal project going...
Feature
Massive Sydney mural targets Westpac’s inadequate climate policies
9 March 2020 Market Forces has put up a powerful, 8 metre high mural on Sydney's Elizabeth St in Surry Hills, targetting Westpac for its funding of coal, oil and gas projects, the industries most responsible for fueling the climate crisis and worsening bushfires. This...
Australia’s major banks keep on fueling the climate crisis
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Increased coal and gas lending as Westpac approaches policy due date
[cs_content][cs_element_section _id="1" ][cs_element_layout_row _id="2" ][cs_element_layout_column _id="3" ][cs_text]5 March 2020 Australia has faced years of worsening bushfires, storms and drought since Westpac last announced a climate policy. This policy is...
QBE faces shareholder resolution on oil and gas support
5 March 2020 Shareholders coordinated by Market Forces together with the $4bn investment manager Australian Ethical have co-filed a resolution calling for the global insurer to align underwriting (insurance) and investment activities with keeping global warming below...
13 fossil fuel companies named in climate risk complaint
2 March 2020 Market Forces has written to corporate watchdog ASIC to raise concerns about fossil fuel producers' climate risk disclosures, or lack thereof. Like other financial regulators, ASIC has been stepping up its scrutiny of companies' disclosure and management...
Media release: Malaysian banks prop up dying coal industry, despite central bank calls to manage climate risk
New analysis uncovers Malaysian banks’ risky and dirty multi-billion-dollar coal finance 20 February 2020 Malaysian banks are the target of an international climate campaign on their proposed funding to a new Indonesian coal power station after new data revealed CIMB,...
The Siemens fiasco should scare off Adani’s other European supporters
20 February 2020 The pressure on Siemens, the German multinational which last month destroyed its reputation over a $30 million contract, offers a cautionary tale about how dangerous business as usual can become if you haven’t noticed that the world around you has...
Rockwell Automation 64th company to rule out Adani
17 February 2020 US-based multinational Rockwell Automation has become the 64th major company to rule out work on the climate-wrecking Adani Carmichael coal project. In response to a letter from the Stop Adani Alliance sent on 13 February, Rockwell CEO Blake Moret...
BlackRock has a mountain to climb if it wants the moral high ground on Adani
7 February 2020 After Siemens' annual general meeting in Munich became a parade of criticism and rebuke over the company's decision to work on the Adani Carmichael coal mine, BlackRock decided to weigh in to the issue. The Financial Times reports that BlackRock...