26 September 2018 Today energy giant AGL faced angry community representatives and shareholders at its annual general meeting (AGM) in Melbourne. Most of question time was taken up by the Western Port community voicing their concerns over Crib Point, with the board...
News
WIN! Standard Chartered rules out new coal…. everywhere!
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ]25 September 2018 Standard Chartered bank today updated its policy on lending to power generation, ruling out new coal power plants anywhere in the world. It...
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...
Medibank, NIB & HCF divestment job half-done
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ]Update 27 September 2018: Medibank has confirmed that it will have completed its shift to low-carbon investments for their Australian share portfolio by...
Suncorp continues to divest from fossil fuels
20 September 2018 Today Suncorp demonstrated it has climate change firmly on its agenda and confirmed it continues to divest from fossil fuels. The company is one of Australia's largest insurance providers, a sector recognised as highly exposed to the physical risks...
Market Forces files complaint over Japanese banks’ coal lending breach of OECD guidelines
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ] 18 September 2018 Market Forces has made complaints against Sumitomo Mitsui Banking Corporation (SMBC), Mizuho Financial Group (Mizuho) and Mitsubishi...
Adani accused of not paying contractors
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ]17 September 2018 The Australian Financial Review reports today that two companies, AECOM and Jangga Operations, are claiming they are owed money by Adani...
Who’s coming clean on climate risk?
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ]10 September 2018 If you've been following our work closely over the last couple of years, you'll know we've put a lot of effort into forcing companies to...
Investing in the Dark
Australia’s largest companies are making painfully slow progress towards climate risk disclosure, demonstrating a need for increased action from investors and regulators. Since March, while companies’ reporting on climate risk governance has significantly...
The power of finance to slow new coal plants
Market Forces in the media By Julien Vincent, executive director Op-ed in the Asia Times, August 29, 2018 So far, 2018 has seen seven banks dominant in Southeast Asia either release or update their policies related to coal, the single-biggest source of greenhouse-gas...