Friday 5 October, 2018: A document released through Freedom of Information has revealed Korea responding positively to efforts by the Australian Government to promote Adani’s controversial Carmichael coal project. The document, sent from Seoul to Canberra in November...
Media releases
Media Release: Standard Chartered offers leadership on coal and climate change in key energy markets
Tuesday 25 September, 2018: Responding to the news that Standard Chartered has ruled out finance for "any new coal-fired power plant projects, including expansions, in any location", Market Forces Executive Director Julien Vincent said: "This is what leadership on...
Media release: New Japanese bank policies rule out a third of overseas coal plant finance
28 August 2018: New coal policies should rule out providing financial support to close to a third of the coal-fired power stations (by capacity) currently under consideration by Japan’s three major commercial banks, according to a new analysis released today by...
Media release: Japanese banks betray their commitments and the environment by funding more dirty coal
18 April 2018 Environmental organizations have condemned Japanese commercial banks for agreeing to finance the new polluting Nghi Son 2 coal power station in Vietnam, calling on the banks to act in accordance with the Equator Principles, a key agreement among banks to...
Media release: AECOM cancels graduate outreach as #StopAdani protests mount
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][x_image type="none" src="https://www.marketforces.org.au/wp-content/uploads/2018/03/18-3-14-AECOM-ANU-protest.jpg" alt="" link="false" href="#" title="" target="" info="none"...
Media release: New analysis shows most of Australia’s top companies have no climate plan
Wednesday 14 March, 2018: A major new study released today by environment finance group Market Forces has revealed many of Australia’s top 100 companies are failing to improve their climate risk disclosure. Of the 73 ‘high risk’ ASX100 companies analysed: Less than...
Media release: Japanese Banks under international fire over Vietnamese coal finance
Tuesday 13 March 2018 An international coalition of civil society organisations has written to SMBC, Mizuho and MUFG, warning of the risks associated with financing the 1,200MW Nghi Son 2 coal-fired power plant in Thanh Hoa province, Vietnam. The project is sponsored...
Media release: Standard Chartered breaches own climate change commitment, funds coal plant in Vietnam
Friday 9 February 2018 The London-based bank Standard Chartered is reportedly in line to co-finance the planned 1,200MW Nghi Son 2 coal-fired power plant in Thanh Hoa province, Vietnam. It is understood that the sponsors of the plant are seeking to finalise key...
Media release: Singaporean banks blowing smoke on climate
A new analysis from environmental finance group Market Forces shines a light for the first time on Singaporean banks’ continued funding of the coal industry, despite public pronouncements on climate action. Market Forces analysed data relating to the lending activity...
Media release: Response to Origin greenhouse gas reduction target
14 December 2017 Response to Origin Eraring coal-fired power plant closure announcement - Market Forces “While the headlines seem laudable, Origin is doing no more than closing Eraring on its 50-year use-by date.” “In fact given that Eraring makes up approximately 70%...