Take action: Tell BHP you're glad the company is committed to reducing all of its greenhouse gas emissions in line with the goals of the Paris Agreement but you'll be watching to make sure they deliver on this commitment next year...
Over 100,000 people call on AIG to #StopAdani
29 August 2019 A petition with over 135,000 signatures from all over the world was handed to AIG at its Australia headquarters in Sydney today, calling on the company to rule out insuring the disastrous Adani Carmichael coal project. Action outside AIG's Sydney...
Westpac and HSBC violate their coal policies to fund Adani Carmichael
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Media release: Whitehaven Coal calls 185 countries’ bluff
Whitehaven Coal's Werris Creek mine 15 August 2019 Whitehaven Coal, Australia’s biggest pure-play coal miner, has once again trumpeted coal demand projections based on a scenario that would see the utter failure of the Paris Agreement. “Whitehaven Coal’s plans to...
Media release: AGL management rejects climate resolution
8 August 2019 AGL plans to operate its dirty Loy Yang coal power station until 2048 - Credit: Environment Victoria AGL’s management today advised shareholders to reject a resolution calling on the company, Australia’s largest greenhouse gas emitter, to reduce...
Win! Commbank out of thermal coal by 2030!
7 August 2019 Great news! Commonwealth Bank has become the first in Australia to signal an end to thermal coal exposure! In its latest policy update, the bank has said it will: continue to reduce its thermal coal mining and coal-fired power generation exposures with a...
Media release: Commbank out of thermal coal by 2030
New fossil fuel projects must prove carbon compliance Wednesday 7 August 2019 In today’s commitment, made in the bank’s new Environmental and Social Framework, to exit thermal coal by 2030, Commonwealth Bank has issued a stark warning to industry and policy-makers...
Suncorp and QBE abandon coal but are still undermining Paris Agreement
Volunteers outside QBE's head office in Sydney, 2018 1 August 2019 The insurance sector globally is waking up to the fact that if it wants to avoid the growing impact on its profits caused by the climate crisis, it needs to stop providing insurance to and investing in...
Market Forces’ take on BHP’s latest climate commitments
31 July 2019 Last week, BHP Billiton CEO Andrew Mackenzie made a speech in London that grabbed global headlines for two main reasons: The language he used made it clear that, even if BHP has a long way to go on addressing climate risk, there’s no doubt that the...
Media release: Suncorp dumps thermal coal
26 July 2019 In response to Market Forces lodging a shareholder resolution, Suncorp has revealed it is exiting the thermal coal sector, meaning there are now no Australian insurers willing to underwrite new thermal coal mines and power stations. A Suncorp spokesman...