Deutsche Bank’s involvement with Whitehaven Coal exposed in German media

23 October 2021 On Friday morning, executives at Deutsche Bank awoke to a half-page advertisement on page 7 of Handelsblatt, a major newspaper popular in Germany’s financial world. The ad, coordinated by Market Forces, exposes Deutsche Bank for reportedly preparing to arrange finance for climate-wrecking coal company Whitehaven Coal. To … Read More

Suncorp and IAG not closing fossil fuel policy gaps

22 October 2021 Amidst ever-worsening extreme weather and the hits to their bottom lines it is causing, two of Australia’s three big insurers faced shareholders at their annual general meetings (AGM) recently (IAG was today, Suncorp on September 23rd). Over the last two years both have taken significant steps away … Read More

Narrabri gas plans undermine APA’s net zero claims

Narrabri residents say no to coal seam gas. Credit - Lock the Gate Alliance / Joseph McGrath

21 October 2021 Australia’s biggest gas pipeline company, APA, has recently adopted an ambition to reach net zero operational emissions by 2050. It also regularly refers to driving the energy transition to support the Paris climate goals, and a net zero by 2050 outcome. However, at its annual general meeting … Read More

Bank of New York Mellon involved in potential Adani coal deal

North Queensland export terminal/Adani Abbot Point coal terminal

21 October 2021 It has been revealed that an Australian subsidiary of Bank of New York Mellon (BNYM) could be playing a role in a new funding deal linked to Adani’s Carmichael coal project. Market Forces has reached out privately to BNYM to clarify the position. Yesterday we received an … Read More

Tell GIP: don’t enable Woodside’s climate-wrecking Scarborough gas project

18 October 2021 After thousands of community members took action, infrastructure investor Brookfield has reportedly decided not to partner with Woodside on its climate-wrecking Scarborough-Pluto gas project. This is great news, and a reward for the efforts of community members who have made a stand against this project. But Brookfield’s … Read More

Adani must not be allowed to greenwash itself at UK climate summits

An Adani power plant as seen from the Tragadi fishing community settlement in India. Credit: Stop Adani

12 October 2021 Coal billionaire Gautam Adani cannot be allowed to greenwash his company’s reputation in front of world leaders and investors at the Global Investment Summit in London and the United Nations COP26 in Glasgow. Hosted by the UK Government on 19 October, the Global Investment Summit is meant … Read More

Hamilton Insurance Group sets new low with meaningless ESG principles

5 October 2021 Hamilton’s 116-word statement should be an example to all other insurers of what an ESG (environment, social, governance) policy should NOT look like. Since mid 2020, 28 Lloyd’s of London insurers have answered the call of the #StopAdani campaign and ruled out insuring the disastrous Adani Carmichael thermal … Read More

Deutsche Bank prepares to raise funds for Whitehaven

1 October 2021 Financial news source Debtwire reported last week that Deutsche Bank is preparing to raise funds for Whitehaven Coal’s climate-wrecking coal business.  Specifically, Debtwire reports that Deutsche Bank organised a “non-deal roadshow” event this week, and intends to act as a bookrunner for any bond issue that emerges … Read More