Big banks snub local farmers concerned about Whitehaven Coal

12 April 2021 Whitehaven Coal is one of the biggest coal mining corporations on the Australian share market and some of the world’s biggest banks, including Westpac, Credit Suisse and Deutsche Bank, played a key role in lending $1 billion to the company in 2020.  ANZ and Commonwealth Bank have … Read More

Tell your super fund: Vote for climate action

1 April 2021 Over the coming weeks, your super fund has a number of huge opportunities to demand real climate action from some of Australia’s biggest gas companies, as well as globally-significant fossil fuel financiers and developers. By investing your retirement savings in these companies, your super fund gets a … Read More

Sumitomo to face shareholder resolution at its AGM over climate inaction

A representative of environmental finance group Market Forces has today filed a shareholder resolution with Sumitomo Corporation, calling on it to adopt and disclose a plan outlining its business strategy to align its business with the Paris Agreement’s goal of limiting global temperature increases to 1.5 degrees Celsius. “By aiming … Read More

US$2.2 trillion investor PIMCO bans Adani Ports

22 March One of the world’s largest investors, PIMCO, has banned future investment in Adani Ports and Special Economic Zone (Adani Ports) due to the company’s role in the controversial Adani Carmichael coal project in Australia.  PIMCO, which manages US$2.21 trillion, did not participate in the most recent bond issue … Read More