10 November 2020 With major investment decisions on new gas projects expected in the next two years, shareholders attending Central's annual general meeting today wanted to know if the company is manging the risk that its gas projects will be left stranded by the...
Blog
Adani Mining accidentally reveals true identity in monumental PR fail
November 6 2020 Yesterday, under the cover of the US Presidential Election, Adani Mining announced via coal-friendly media outlets that it was rebranding to “Bravus Mining and Resources”. However, this quiet name change soon turned into a public relations disaster...
NAB mealy-mouthed on 2030 thermal coal exit
5 November 2020 NAB’s full year results released today reveal the bank is “expected” to exit thermal coal mining by 2030, five years earlier than its inadequate official commitment to exit by 2035. NAB’s announcement last year that it would exit thermal coal mining by...
Mark’s historic super fund legal win
5 November 2020 You may have seen the news this week about 25-year-old Brisbane ecologist Mark McVeigh, who won a historic legal battle against his $57 billion super fund, Rest, over climate change. What you may not know is that Mark used Market Forces’ research and...
NAB mealy-mouthed on 2030 thermal coal exit
Thursday 5 November 2020: NAB’s full year results presentation released today reveals the bank is “expected” to exit thermal coal mining by 2030, five years earlier than its inadequate official commitment to exit by 2035. NAB’s announcement last year that it...
Westpac increases exposure to fossil fuel power generation
2 November 2020 Westpac’s full year results released today reveal the bank has reduced its exposure to fossil fuel mining and extraction while increasing it to coal and gas-burning power generation over the past year. Westpac’s 2020 Sustainability Performance Report...
South32’s new climate plan won’t include scope 3 targets
29 October 2020 Diversified mining company South32 told shareholders today it would have "something to say" about its huge scope 3 greenhouse gas emissions (those generated from the use of its products) when the company updates its climate policy next year. However,...
ANZ commits to exit thermal coal, but rewards climate-destructive companies
29 October 2020 ANZ’s updated fossil fuel policy, released today, signalled an end to the bank’s involvement in thermal coal, but rewards the most climate-destructive companies and fails to move the needle on oil and gas. In its latest policy update, the bank has said...
Adani loses another insurer as Lloyd’s market feels the pressure
29 October 2020UPDATE: Lancashire and Ascot have both ruled insurance for the Adani Carmichael projectAnother Lloyd’s insurer that is providing cover for the Adani Carmichael project has committed to not renewing or taking on any new policies with the destructive coal...
ANZ to exit thermal coal by 2030. Though funding continues for fossil fuel expansion.
29 October 2020 Today ANZ released new and updated coal policies as part of its full year results, promising to exit thermal coal by 2030 and immediately stop funding new thermal coal mines and coal-fired power stations. This means no major Australian bank or insurer...