Saturday 30 March, 2019: The announcement today by Australia’s largest insurer, QBE, to end its support for the coal industry has been welcomed by environmental finance group Market Forces. “QBE’s decision to withdraw insurance from the coal industry is business and environmental good sense,” said Market Forces campaigner Pablo Brait. … Read More
Media release: Shareholder resolution at QBE demands an end to fossil fuel masochism
Monday 4 March, 2019 Tomorrow, shareholders coordinated by Market Forces and publicly listed wealth manager Australian Ethical will lodge a shareholder resolution calling on QBE to set targets for reducing its investment and underwriting exposure to fossil fuels in line with the Paris Agreement goal of limiting global warming to … Read More
Media release: QBE faces new shareholder resolution in wake of continued climate failure
25 February 2019 Environmental finance campaigning group Market Forces has reacted furiously to QBE’s annual results, which document another year of losses from large catastrophes with no action on climate change. QBE breathed a sigh of relief as it posted a modest profit in 2018. But the company’s balance sheet … Read More
Media Release: World’s biggest insurers will not cover Adani Group’s Carmichael coal mine
Campaigners call on laggards to back UN climate targets andrefuse support for disastrous project Thursday 20 December 2018, 0001 Hours Central European Time Ten of the world’s foremost insurance companies will not provide support to develop the controversial Carmichael coal mine in Australia, following the lead set by many global … Read More
Media release: Reaction to Adani news of self-funding Carmichael project
29 November 2018 Reacting to the news that Adani has decided to self-fund the entirety of its Carmichael coal project, Market Forces Executive Director Julien Vincent said: This is an act of desperation from Adani, which knows the window of opportunity to build its Carmichael mega coal mine is rapidly … Read More
Media release: Korean Adani interest revealed in Freedom of Information request
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 2016, follows a meeting between the Korean Export and Import Bank and … Read More
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 coal and climate change looks like. Decisions about how the world sources … Read More
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 environmental finance group Market Forces. In implementing their new … Read More
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 manage environmental and social risk and revoke … Read More
Media release: AECOM cancels graduate outreach as #StopAdani protests mount
Tuesday 20 March, 2018: US-based engineering and design firm AECOM’s graduate outreach program has been thrown into disarray, with protests and cancellations impacting most events. Of the 16 Graduate Career Information Sessions scheduled this month, eight have been cancelled and another five have faced protests, with questions on Adani and … Read More