Australian Government operative leans on US banks for big coal

11 February 2015 Documents released today through Freedom of Information (FoI) reveal that the Former Howard Government Minister Nick Minchin, a self proclaimed climate change ‘sceptic’, has lobbied at least one of the banks in the United States who last year committed to not finance the expansion of Abbot Point … Read More

French withdrawal from coal project underlines Newman’s dredging absurdity

6 December 2014 The decision overnight by French bank Société Générale to withdraw from GVK’s Alpha Coal project in Queensland’s Galilee Basin underscores the Newman Government’s absurdity in planning to dredge the Great Barrier Reef to enable projects that may not even eventuate. Société Générale had been advising Indian conglomerate … Read More

2014 Federal Budget response

Melbourne, 13 May 2014 “This budget is a huge ‘up yours’ to the clean, renewable energy industry, climate change action and environmental protection,” said Market Forces Lead Campaigner Julien Vincent. “If appointing a climate change denier to head the review of the Renewable Energy Target wasn’t clear enough, today’s abolition … Read More

Media release: Big Four banks lose customers over fossil fuel gamble

Big Four banks lose customers over fossil fuel gamble 3rd May 2014: This weekend, hundreds of customers with Australia’s biggest banks have shut down their accounts to protest the banks’ lending to Australian coal and gas projects. Public divestment actions took place in fourteen cities and towns across Australia on … Read More

Cutting Fossil Fuel Subsidies a boon for the budget, reduces pollution

Cutting Fossil Fuel Subsidies a boon for the budget, reduces pollution 27 February 2014 An alliance of Australia’s leading environment and community organisations has today renewed its call for the Australian Government to cut fossil fuel subsidies. The Federal Government currently spends over $10 billion a year on incentives for … Read More

Fossil fuel stocks increase risk, not returns

Fossil fuel stocks increase risk, not returns New report makes the case for divestment by ethical and responsible investors Sydney, 5 March 2014 Investments in coal, oil and gas increase financial risk without increasing returns, according to a new report aimed at Australian investors such as universities, religious groups and … Read More

Westpac called on to quit fossil fuels at its AGM

Melbourne, 13 December 2013 After two major new coal and gas projects were approved in the Great Barrier Reef World Heritage Area this week, activists have unfurled two giant banners at the Westpac annual general meeting, calling on the bank to end investments in the fossil fuel industry. The 7 … Read More