By Will van de Pol, CEO, Market Forces. Mr van de Pol is an expert in ethical asset management and clean energy finance. It is hard to rationalise the recent decisions United States banks and investors have made to quit climate initiatives at the same time as global...
Bank of America
After the hottest year on record, Bank of America backtracks on coal
In October last year, Bank of America was the only major US bank to back Whitehaven Coal (along with up-and-comer investment bank Jefferies) by providing a $900 million dollar loan to Whitehaven for its acquisition of the Blackwater and Daunia mines. Today is Bank of...
Adani looking for Abbot Point investors
12 March 2020 Adani is asking investors to back the Abbot Point coal export terminal for the next seven years through a new bond. With take-or-pay contract protection now largely expired, whoever invests is placing a massive bet about the Carmichael coal project going...
Banks could accidentally fund Carmichael coal via Adani bond issue
8 July 2019 In early July 2019 Adani issued US$1billion in bonds for one part of its business (Adani Ports and Special Economic Zone), which nine major banks invested in. This company operates several ports in India. Unfortunately, the evidence shows that the Adani...