1 October 2015 As the banks’ AGMs rapidly approach, we thought it would be useful to check in with our latest research and see what stories have come out of the fossil fuel lending numbers so far this year. All data quoted below is taken from our research into fossil...
Blog
Suncorp’s $1bn extreme weather loss. Climate change, anyone?
24 September 2015 Suncorp Group held its Annual General Meeting in Brisbane today and several shareholders pointed out that in the last financial year, Suncorp was hit by losses from natural disasters of $473 million above provisions. The Brisbane hailstorm in...
Fossil Free Funds launches in the US
16 September 2015 Similar to our own Super Switch project, the Fossil Free Funds initiative has been launched by US non-profit As You Sow. The project makes it simple for users to research their exposure to fossil fuel companies through the holdings of their...
Big banks need to update their fossil fuel policies
15 September 2015 An article written by Clancy Yeates in yesterday’s Sydney Morning Herald highlighted the significant financial and reputational risks that fossil fuel assets pose to banks, and questioned whether NAB and CommBank’s recent moves to distance themselves...
First State Super joins divestment party
12 September 2015 So First State Super has joined the divestment party, albeit turning up with warm VB rather than the ice cold microbrew we were hoping for. On Wednesday evening, the fund advised its members that it would be divesting from fossil fuels in its...
When NAB ruled out funding Carmichael coal…
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Commonwealth pulls out of Carmichael mega-mine
6 August 2015 After months of sustained community pressure, Commonwealth Bank has ended its role as advisor to Adani's Carmichael coal project. Fairfax last night reported that the bank cited environmental factors and financial risks as the reasons for breaking ties...
Stephen moves his home loan
5 August 2015 After living in Melbourne for many years, Stephen and his family decided to move to country Victoria in pursuit of a more sustainable lifestyle. They bought an existing house that was relocated to their property and undertook a significant DIY...
Compare Banks postcard
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Fracking Finance
'Fracking Finance' details the dangers that unconventional gas extraction methods, such as fracking, pose to our land, water and communities. This Market Forces report also examines which financial institutions are supporting the biggest players in Australia's coal...