Jakarta, 14 July 2022 – One of the largest United Kingdom banks, Standard Chartered, has confirmed that it is ending investment in Indonesia’s second largest coal producer, PT Adaro Indonesia and other banks need to follow suit in line with their energy and fossil fuel policies. The UK-bank has confirmed … Read More
Cancellation of Bangladesh coal fired power project must be first step to decarbonise
MEDIA RELEASE: 23 June 2022 – for immediate release In a major victory for climate action, Japan has announced an end to funding of two major coal power projects, Indramayu in Indonesia and Matarbari 2 in Bangladesh. Following the announcement, the Bangladesh Government confirmed that it had cancelled plans to … Read More
Dirty dollars – how the fossil fuel industry funds major political parties
1 February 2022 Australia was heavily criticised amid the United Nation’s COP26 climate summit last year, as it reportedly joined or ‘hid behind’ others such as Saudi Arabia and Russia in opposing key commitments and negotiating text. Its last minute commitment to net zero emissions by 2050 ahead of the … Read More
Dirty money – political donations from the fossil fuel industry
1 February 2021 Prime Minister Scott Morrison was denied a speaking slot at the UN’s 2020 Climate Ambition Summit, and for good reason: Australia’s climate policy is one of the worst, and the rest of the world knows it. Far from being a wake-up call, just weeks ago the Federal … Read More
Mineral Resources pursues pathway out of line with 1.5°C
The Mineral Resource board made it clear at yesterday’s annual general meeting (AGM) that they would continue to pursue dirty oil and gas development despite their peer Fortescue Metals announcing a major move into renewable energy and green hydrogen. Mineral Resources is a lithium and iron ore mining company with … Read More
BlueScope Steel lagging on emission reduction targets
BlueScope Steel, the multinational steel-making corporation, is one of Australia’s major consumers of energy. The company requires large amounts of energy to be able to create steel via its smelting, furnace and production operations and is one of the top 20 energy users in Australia. At today’s annual general meeting, … Read More
Marsh and Mercer ignoring staff wishes by continuing Adani coal work
Insurance broker Marsh has been working with the conglomerate Adani for several years, most recently searching the globe for insurance companies willing to cover the Adani Carmichael coal project construction and operation. With 36 major insurers refusing to insure the massive new thermal coal project, the going hasn’t been easy … Read More
Westpac Shareholder action
As you read this, Westpac is rewriting its climate change policy. And it clearly needs an upgrade. Shareholders have a powerful voice and you can use this form to contact the head of Westpac’s investor relations now. Tell Westpac to set a policy that aligns with keeping global warming below … Read More
Massive Sydney mural targets Westpac’s inadequate climate policies
9 March 2020 Market Forces has put up a powerful, 8 metre high mural on Sydney’s Elizabeth St in Surry Hills, targetting Westpac for its funding of coal, oil and gas projects, the industries most responsible for fueling the climate crisis and worsening bushfires. Since committing to the goals of … Read More