Thursday 19 September, 2019: At today’s AGM in Sydney, over 30% of shareholders, worth more than AU$3.8bn, voted against management and in support of a resolution calling on the company to reduce emissions in line with the goals of the Paris Climate Agreement. Response from Will van de Pol, Market … Read More
AGL shareholders demand coal plant closure
AGL shareholders today sent a strong message to Australia’s biggest climate polluter, with more than 30% voting in favour of a resolution demanding the company reduce emissions in line with the Paris climate goals. Only twice before has a climate change-related shareholder proposal received more than 20% support in Australia, … Read More
Our super funds can help sway climate-change targets
18 September 2019 Market Forces in the Media: Op-ed in the Sydney Morning Herald by Julien Vincent, Executive Director, Market Forces It was one of the loudest signals yet that Australian superannuation funds wanted strong action on climate change. Ahead of this year’s G20 meeting in Japan, the likes of … Read More
Tip-off reveals AIG is Adani’s insurer
16 September 2019 A tip-off from a staff member has revealed that US-based AIG is providing insurance for Adani’s preliminary works at the Carmichael coal mine site, and for Directors and Officers liability. Adani’s insurance policies are due to expire on 30 September and, according to the tip-off, AIG’s head … Read More
BHP has agreed to set Paris-aligned goals to reduce its greenhouse gas emissions
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…
Media Release: Rio Tinto to face shareholder resolution as BHP sets Paris-aligned ‘scope 3’ emission reduction goals
Thursday 12 September, 2019: Following BHPs confirmation the public goals it will release next year for its “Scope 3” greenhouse gas emissions will be aligned with the Paris Agreement, externally verified and time-bound, environmental finance group Market Forces is turning its attention to rival miner Rio Tinto. Market Forces has … Read More
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. Hundreds of people joined actions outside AIG offices in Sydney, Melbourne … Read More
HSBC violates its coal mining policy to fund Adani Carmichael
Over 55 major corporations, from banking and insurance to engineering and construction, have ruled out working on the disastrous Adani Carmichael coal project. One of these companies is HSBC. Back in 2016 HSBC announced it would no longer finance new thermal coal mines. However, it was revealed in The Guardian … Read More
Westpac and HSBC violate their coal policies to fund Adani Carmichael
Adani’s Abbot Point coal port. Credit: Dean Sewell 23 August 2019 Two of these are Westpac and HSBC. Back in 2016 HSBC announced it would no longer finance new thermal coal mines. In 2017, Westpac also ruled out the Adani Carmichael project. However, both banks are providing Adani’s engineers GHD … Read More
Media release: Whitehaven Coal calls 185 countries’ bluff
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 massively increase coal production seem to be based on the presumption that the world will … Read More
