19 April 2018 "We don’t believe that we have stranded assets," said Woodside chairman Michael Chaney when asked about the oil and gas company’s new Scarborough gas field at today’s AGM. Watch the response here: This directly contradicts the findings of UK think tank...
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Media release: Japanese banks betray their commitments and the environment by funding more dirty coal
18 April 2018 Environmental organizations have condemned Japanese commercial banks for agreeing to finance the new polluting Nghi Son 2 coal power station in Vietnam, calling on the banks to act in accordance with the Equator Principles, a key agreement among banks to...
ANZ finance the purchase of Rio’s last coal mine
5 April 2018 ANZ has contributed to a US$1.7 billion (AU$2.2 b) deal to finance the purchase of Rio Tinto's last coal asset by Indonesian coal miner Adaro Energy and private equity manager EMR Capital. The deal comes despite ANZ's repeated claims that the...
Australian bank policies still lag international peers
[cs_content][cs_element_section _id="1" ][cs_element_layout_row _id="2" ][cs_element_layout_column _id="3" ][cs_element_gap _id="4" ][cs_text]This content was published in March 2018. For the most recent version, click the button below to see our Funding climate...
AECOM cancels grad outreach to avoid Adani questions
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"]Wednesday 21 March, 2018US-based engineering and design firm AECOM has cancelled most of their graduate outreach program to avoid facing questions and...
New analysis shows Australia’s top companies have no climate plan
EFIC supporting Adani Carmichael
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text][/cs_text][cs_text _order="0"]June 2018 Adani has failed to attract private finance to its proposed Carmichael mine and rail project and is becoming increasingly...
AECOM: “Like a dentist handing out candy”
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"]It’s getting lonely for Adani in their destructive quest to build the Carmichael coal mine and railway line.Twenty-eight major banks across four continents...
Another year, another $1m in political donations from fossil fuel companies
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Media release: Singaporean banks blowing smoke on climate
A new analysis from environmental finance group Market Forces shines a light for the first time on Singaporean banks’ continued funding of the coal industry, despite public pronouncements on climate action. Market Forces analysed data relating to the lending activity...