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Feature
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,...
Big four banks increase their fossil fuel exposure
January 2019 Australia's major banks have been getting back into fossil fuels over the last year, casting doubt on their seriousness in tackling climate change through their investments. This study compares the banks' reported exposures to fossil fuels and renewable...
Ten insurance companies rule out covering Adani’s Carmichael project!
NAB hauled over the coals at its 2018 AGM
NAB was forced to lay bare its contradictory climate and environmental, social and governance (ESG) policies highlighting the vast discrepancy between what the bank says, and what it does during question-time at its annual general meeting (AGM) in Melbourne.
Westpac makes no apology for continuing to back dirty coal
Westpac has co-financed Coronado Coal, whose Curragh coal mine is contracted to supply thermal coal to the Stanwell power station in central Queensland until 2038 12 December 2018 Westpac’s hypocrisy - their statements on climate against the reality of their loan book...
Washington H. Soul Pattinson flies the coal flag and tells concerned shareholders to “sell their shares”
7 December 2018 "We continue to believe in the long term need and demand for coal" the CEO of Washington H. Soul Pattinson (WHSP), Todd Barlow told shareholders at the company’s annual general meeting (AGM) in Sydney today. It quickly became clear that climate change...
QBE staff get donuts as QBE scores donuts on climate action scorecard
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text]Tuesday 4 December 2018 This morning staff arriving at global insurance company QBE’s head office in Sydney were offered free donuts by Market Forces volunteers. The...
QBE falling behind competitors on climate action
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text]Monday 3 December 2018 All over the world, the damage humans are doing to our climate is increasingly evident. Heat records are being smashed, droughts are taking...