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...
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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...
“If the benchmark is 1.5ºC we should measure ourselves against it” says Alumina chairman
23 May 2019 Alumina Limited is one of Australia’s top ASX-listed mining companies. As its name suggests, the company focuses on alumina, the material refined from bauxite and used for aluminium production. Australia is the second largest alumina producer in the...
Buru Energy’s own testing shows higher levels of chemical contaminants
Protest against fracking outside Buru Energy's AGM in Perth, May 2019 Buru Energy, a West Australian-based exploration and production company, is planning to re-inject wastewater from fracking wells into the earth said chairman Eric Streitberg at today’s annual...
Media release: Japan’s MUFG commits to end financing for new coal projects, NGOs call for further steps
16 May 2019 | Joint release: No Coal Japan International NGOs advert in the Financial Times (Asia), 14 May 2019 Japanese and international environmental NGOs welcomed Mitsubishi UFJ Financial Group (MUFG)’s release of its revised environmental and social policy...
Non, merci! Rothschild & Co. walks away from Adani
16 May 2019 In May 2018 it was revealed that French investment bank Rothschild and Co was helping Adani to sell a minority stake in the Abbot Point coal terminal on the North Queensland coast. The terminal would act as the port through which coal from the proposed...
Japanese megabanks faced with international ad in the Financial Times
NGOs from Vietnam, Indonesia, Japan and around the world have placed a full-page advertisement in the Financial Times today calling for Japanese megabanks - Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Financial Group...
Talanx leaves open loopholes to underwrite Vietnamese coal power
Photo credit: Kiều Tấn Tiến 10 May 2019 German insurer Talanx announced last month it planned to stop underwriting new coal power plants and coal mines, and envisages that its portfolio would no longer include any coal-fired power plants or coal mines from 2038...