12 March 2020 Adani is asking investors to back the Abbot Point coal export terminal for the next seven years through a new bond. With take-or-pay contract protection now largely expired, whoever invests is placing a massive bet about the Carmichael coal project going...
Blog
Massive Sydney mural targets Westpac’s inadequate climate policies
9 March 2020 Market Forces has put up a powerful, 8 metre high mural on Sydney's Elizabeth St in Surry Hills, targetting Westpac for its funding of coal, oil and gas projects, the industries most responsible for fueling the climate crisis and worsening bushfires. This...
Australia’s major banks keep on fueling the climate crisis
[cs_content][cs_element_section _id="1" ][cs_element_layout_row _id="2" ][cs_element_layout_column _id="3" ][cs_element_text _id="4" ][/cs_element_layout_column][/cs_element_layout_row][/cs_element_section][cs_element_section _id="5" ][cs_element_layout_row _id="6"...
Increased coal and gas lending as Westpac approaches policy due date
[cs_content][cs_element_section _id="1" ][cs_element_layout_row _id="2" ][cs_element_layout_column _id="3" ][cs_text]5 March 2020 Australia has faced years of worsening bushfires, storms and drought since Westpac last announced a climate policy. This policy is...
QBE faces shareholder resolution on oil and gas support
5 March 2020 Shareholders coordinated by Market Forces together with the $4bn investment manager Australian Ethical have co-filed a resolution calling for the global insurer to align underwriting (insurance) and investment activities with keeping global warming below...
Protected: Australia’s major banks keep on fueling the climate crisis
Password Protected
To view this protected post, enter the password below:
13 fossil fuel companies named in climate risk complaint
2 March 2020 Market Forces has written to corporate watchdog ASIC to raise concerns about fossil fuel producers' climate risk disclosures, or lack thereof. Like other financial regulators, ASIC has been stepping up its scrutiny of companies' disclosure and management...
Media release: Malaysian banks prop up dying coal industry, despite central bank calls to manage climate risk
New analysis uncovers Malaysian banks’ risky and dirty multi-billion-dollar coal finance 20 February 2020 Malaysian banks are the target of an international climate campaign on their proposed funding to a new Indonesian coal power station after new data revealed CIMB,...
The Siemens fiasco should scare off Adani’s other European supporters
20 February 2020 The pressure on Siemens, the German multinational which last month destroyed its reputation over a $30 million contract, offers a cautionary tale about how dangerous business as usual can become if you haven’t noticed that the world around you has...
Media release: QBE shareholders to call on QBE to stop fueling climate crisis
For immediate release, 17 February 2020 Market Forces has announced it will lodge a shareholder resolution calling on global insurer QBE to get its underwriting and investment activities in line with keeping global warming below 1.5 degrees. The resolution coincides...