Coal miners looking to self-insure new climate-wrecking projects

New Hope Group's Bengalla coal mine, 2014.

Since 2021, coal miners, including Adani/Bravus, New Hope and Whitehaven, have complained openly of difficulties securing insurance for their destructive activities. 45 major insurers have ruled out any coverage of Adani’s Carmichael coal mine, and according to Insure Our Future, 41 major insurers have some broader coal exclusion policy in … Read More

Shareholders demand coal wind down plan from Whitehaven

Media release: 25 August 2022 – For Immediate Release Market Forces and Whitehaven Coal shareholders have filed a resolution, calling on one of Australia’s largest coal miners to wind down its production in line with global climate goals. The resolution points out the glaring inconsistency between Whitehaven’s public declarations of … Read More

Win! Deutsche Bank abandons Whitehaven Coal’s bond issue

Win! Deutsche Bank abandons Whitehaven Coal's toxic bond issue

20 May 2022 A media report in Germany confirmed publicly this week that Deutsche Bank has withdrawn from its involvement in a bond issue for climate-wrecking Whitehaven Coal, following a concerted people-powered campaign coordinated by Market Forces.  Business media outlet Handelsblatt reported on Wednesday that:  “According to information from financial … Read More

Win! Credit Suisse rules out Whitehaven Coal

The monstrous Maules Creek coal mine, destroying swathes of the Leard State Forest, NSW. Image courtesy of the Lock the Gate Alliance

Climate-wrecking coal company Whitehaven Coal received a $1 billion loan in February 2020 from a group of major banks, including European investment bank Credit Suisse. Late last year, Credit Suisse updated its policy on thermal coal mining, clearly excluding Whitehaven from any further funding. This makes Credit Suisse the first … Read More