August 2019 Fifty-seven per cent of Vietnam's planned coal power capacity has faced repeated delay, with postponements to 93% of the projects financed by private, often foreign investors, under the "build-operate-transfer" model. Across the projects, investors are...
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Media release: Chubb’s coal policy has an Australia-sized loophole
July 9, 2019 Chubb’s new restrictions on its underwriting and investments in thermal coal have come under attack from Australia, as groups there call upon the insurer to clarify its stance on the controversial Adani Carmichael coal project. Chubb’s policy rules out...
Banks could accidentally fund Carmichael coal via Adani bond issue
8 July 2019 In early July 2019 Adani issued US$1billion in bonds for one part of its business (Adani Ports and Special Economic Zone), which nine major banks invested in. This company operates several ports in India. Unfortunately, the evidence shows that the Adani...
Adani still vulnerable on insurance for its Carmichael mine and railway
28 June 2019 See which companies are Adani's catastrophic Carmichael coal project Like the stampede that saw almost 40 major banks turn their backs on Adani’s Carmichael coal mine and rail project (eventually forcing Adani to pledge it will “self-fund”), major...
Norwegian sovereign wealth fund pulls $3 billion out of AGL, BHP and South32
The Norwegian government’s decision to tighten the Government Pension Fund Global’s (GPFG) coal exclusion criteria will see the world’s richest sovereign wealth fund withdraw a combined AU$3 billion from AGL, BHP and South32. Take action: Tell your super fund to...
QBE’s unanswered questions
11 June 2019 It’s not often that an annual general meeting (AGM) can be described as compelling. QBE’s AGM held on 9 May, however, delivered the goods with several questions from the floor resulting in extraordinary exchanges between shareholders and the chairman...
FAR not modelling climate transition risks to business
Market Forces has named FAR as one of the 21 companies that investors should immediately divest from. Why? Because the company has had more than three years to show it can transition to be in line with the Paris Agreement. It has not only failed at this but is also...
Mineral Commodities Ltd chairman accuses a South African proxy holder of abandoning his country at AGM
Community concerns about MRC's operations include a nearby cliff collapse at the Tormin mine on South Africa's West Coast in 2015. Credit: Ground Up News Mineral Commodities Limited (MRC) is a company listed on the Australian Stock Exchange, which operates in...
Japan-funded coal power project would cause 1,900 premature deaths in Vietnam
Photo credit: Kiều Tấn Tiến Right now, there are several Japanese-financed coal-fired power stations in the pipeline in Vietnam and across Asia -- Van Phong 1 is a prime example of how dirty and polluting these projects can get. What does this highly-polluting...
Sydney Airport: taking climate seriously after flooding events
24 May 2019 What a difference a year (and some runway flooding) makes! Sydney Airport’s chairman Trevor Gerber has certainly changed his tune on taking climate risk seriously since last year’s annual general meeting. Back then, Gerber didn’t think the risks of...