Media Release: Westpac’s coal exclusion means no funding to Adani coal mine

Brisbane, 28 April 2017 Environmental finance campaigning organisation Market Forces has welcomed the climate change policy update released by Westpac today, which makes the bank the latest to rule out funding Adani’s Carmichael coal mine. The policy tightens the criteria for Westpac’s funding of new thermal coal mines, meaning the bank will … Read More

Media Release: Palaszczuk’s broken promise on QIC Adani trainwreck

Palaszczuk’s broken promise on QIC Adani trainwreck Friday 31 March, 2017: Support to Adani’s rail infrastructure from QIC is in clear breach of Queensland Premier Annastacia Palaszczuk’s election promise not to use public money to prop up the controversial coal project, according to environmental finance group, Market Forces. “QIC, wholly owned by … Read More

Aurizon wants to unlock Galilee coal – Take action!

17 March 2017 Aurizon has applied for a $1.25 billion loan from the Northern Australia Infrastructure Fund (NAIF) to construct the railway link needed to open Queensland’s Galilee Basin to coal mining. And guess what? Your super fund is most likely invested in this company! Click here to take action … Read More

Human rights are great but there’s money to make!

3 November 2016 Downer EDI provides engineering and mining infrastructure services to mining companies. In 2015 it was chosen as a contractor for Adani’s proposed Carmichael coal mine in the Galilee Basin. A coal mine that cannot go ahead if we are to give ourselves a chance of avoiding two … Read More

How could the Future Fund finance Carmichael coal?

This briefing originally appeared on RenewEconomy, 30 March 2016 Could Australia’s sovereign wealth fund be the key source of finance that enables Adani’s Carmichael mega coal mine in the Galilee Basin? News has emerged that India’s Finance Minister, Arun Jaitley, will meet with Finance Minister Mathias Cormann and Chairman of the Future … Read More