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NAB rules out new thermal coal
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"]NAB has become the first of Australia’s big four banks to rule out lending to all new thermal coal mines or extensions! The bank’s updated risk appetite...
Media release: Response to Origin greenhouse gas reduction target
14 December 2017 Response to Origin Eraring coal-fired power plant closure announcement - Market Forces “While the headlines seem laudable, Origin is doing no more than closing Eraring on its 50-year use-by date.” “In fact given that Eraring makes up approximately 70%...
Media release: NAB’s coal mining exclusion raises the bar for its competitors
14 December 2017 NAB’s new coal mining risk appetite statement goes further than any other major Australian bank by ruling out lending to new thermal coal mines or extensions, according to environmental finance advocates Market Forces. “NAB has lifted the bar above...
Media release: Fourth major Chinese bank walks away from Adani mega mine
Wednesday 13 December, 2017: China Merchants Bank today provided a statement to environmental finance campaigning group Market Forces, confirming it will have no part in the proposed Adani Carmichael coal mine. The bank replied to a letter outlining an array of...
Westpac rules out Abbot Point terminal
8 December 2017 Westpac today all but confirmed it would not refinance the Abbot Point coal terminal, striking another blow to the crippled Adani coal mine. Climate related questions dominated the opening of question time at the bank’s annual general meeting in...
Embassy confirms: no Chinese money for Adani
[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"] 6 December 2017 In a massive blow for both the Adani company and the Australian Government, the Chinese embassy has confirmed that no Chinese money will be...
Chinese banks rule out Carmichael coal mine!
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Media Release: Industrial and Commercial Bank of China not funding Adani Carmichael coal mine
Reacting to the news that the Industrial and Commercial Bank of China has clarified it has no plans to arrange finance for the Adani Carmichael coal mine, Market Forces Executive Director Julien Vincent said: "Two of Adani's biggest remaining hopes for finance for its...
China Construction Bank rules out Adani coal!
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