Tell the big banks: Don’t cave on dirty coal finance!

18 September, 2017 News this morning has highlighted the utter lunacy of the current state of the energy ‘debate’ in Australia, with Trevor St Baker, Chairman of Delta Electricity, calling on the government to pressure banks to keep lending to dirty power stations like the ones he owns. We need … Read More

Two degrees scorecard update

In December 2015, the Paris climate talks saw 195 nations agree to limit global warming to well below 2°C, compared with pre-industrial levels. In the lead up to Paris, ANZ, CommBank, NAB and Westpac all publicly championed the two degree limit, committing to support the transition to a low carbon … Read More

Big 4 STILL financing fossil fuel expansion

On 22 June 2017, some 18 months after committing to support the aims of the Paris Agreement, Australia’s big four banks all contributed to a deal to finance more oil and gas exploration and production. Clearly, ANZ, CommBank, NAB and Westpac are yet to come to terms with exactly what … Read More

CommBank’s climate fail

Commonwealth Bank has been given FAIL grades in all four categories of a new study into international banks’ fossil fuel lending policies. With no publicly disclosed policies to restrict coal mining, coal power, LNG exports or extreme oil, Commonwealth Bank found itself at the bottom of a pile of 37 … Read More

Big banks loaned $10 billion to fossil fuels in 2016

6 March 2017 2016 was the first full year after the Paris agreement was signed, and since Australia’s big banks all committed to support the goal of holding global warming to well below 2ºC. So, how exactly did the banks go about backing up their 2°C commitments last year? Well, … Read More

ANZ’s coal policy. Weak, but at least effective!

28 February 2017 In October 2015, ANZ published a new Energy Policy with a carbon emission threshold to “ensure we only support new coal fired power plants that use advanced technologies and higher quality coal to significantly reduce emissions to at least 0.8 tC02/MWh”. Two months later, it was announced that … Read More

Shareholders revolt over ANZ’s climate destruction

Update: 10 am, Saturday 17 December In news breaking this morning, ANZ’s CEO Shayne Elliott told media after the AGM that ANZ’s coal mining exposure was shrinking and he didn’t see a reversal of that trend, effectively ruling out funding for the Adani Carmichael project! Massive! @ANZ_AU CEO Shayne Elliott … 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

Whitehaven: A lot to hide this AGM

28 October 2016 Yesterday Whitehaven Coal held their Annual General Meeting in Sydney. They obviously had a lot to hide. While most AGMs are filmed and broadcast, Whitehaven decided to record only the audio, and cut off recording completely before question time. To bring you up to speed Whitehaven is the company that, … Read More