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...
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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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AWE & Horizon oil- flying blind
24 November 2017 We found out today at their respective annual general meetings that both AWE and Horizon Oil do not classify climate risk as a material business risk, despite both companies' business models relying on continued fossil fuel exploration and production....
IOOF’s attitude to climate disclosure: “there’s really not much we can do”
23 November 2017 When asked by shareholders, at today’s annual general meeting, if IOOF would implement recommendations from the the Task Force for Climate related Financial Disclosures, chairman George Venardos claimed "there’s really not much we can do." It is...
South32: More to do on climate risk disclosure
23 November 2017 At its annual general meeting in Perth today, mining company South32 came under pressure from shareholders about its reluctance to take more substantial action on climate change. Earlier this year, South32 became the first mining company in Australia,...