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...
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Deutsche Bank prepares to raise funds for Whitehaven
1 October 2021 Tell Deutsche Bank to back off! 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...
Japan threatens communities and climate by backing Indramayu and Matarbari coal power projects
UPDATE: June 2022 On 22 June 2022, in a major victory for climate action and years of opposition by a global movement, Japan announced an end to funding of Matarbari Phase 2 coal power plant in Bangladesh. Following the announcement, the Bangladesh Government...
Australian record: 55% of AGL shareholders demand emission reductions
22 September 2021 55% of shareholders in Australia's biggest climate polluter, AGL, today demanded the company set targets to reduce its gargantuan emissions in line with the climate goals of the Paris Agreement. This is the highest ever vote in favour of a...
Case for cutting financial ties with Adani Group presented at webinar
21 September 2021 Last week Responsible Investor, in partnership with Market Forces, hosted a webinar entitled Adani Group’s new coal projects: why and how investors need to act. Hundreds of employees of financial institutions, based mainly in Europe and the US east...
Funding climate failure: how Australia’s big banks are undermining the Paris Agreement and net zero by 2050.
NAB and Westpac: Stop funding Whitehaven Coal!
15 September 2021 The federal Environment Minister has just signed-off approval for Whitehaven’s climate-wrecking Vickery coal mine. But Whitehaven still needs to find enough money to match the mine’s $600 million price-tag. Despite stating their support for the Paris...
Deutsche Bank, JP Morgan and Standard Chartered break promise and loan US$1 billion to Adani coal miner
19 August 2021 Financial news sources have confirmed that JP Morgan, Standard Chartered and Deutsche Bank all participated in a massive US$1 billion loan to Adani Enterprises, the Adani Group company building the climate-wrecking Carmichael thermal coal project in...
BHP lets Woodside go all in on climate destruction
18 August 2021 Woodside yesterday announced its plan to acquire BHP's global portfolio of oil and gas assets, which would roughly double the company's fossil fuel production capacity. In payment, Woodside will issue new shares amounting to 48% of the combined...
State Bank of India still considering loan to “fully funded” Adani coal project
5 August 2021 In November 2020, Indian media reported that the State Bank of India (SBI) was considering a A$1 billion loan for Adani’s Carmichael thermal coal project. People all over the world took immediate action, leading to international news headlines and a...