[cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"]In the nearly five years since Market Forces began, there has not been a more successful and fast-changing year as 2017. Let's take a look at the year that...
ANZ doesn’t intend for coal exposure to increase
19 December 2017 Climate change was a popular topic at ANZ’s annual general meeting (AGM) today in Sydney. Even before the meeting started, shareholders were greeted by Santa and some elves, who were handing out fliers highlighting ANZ’s fossil fuel lending. Inside...
NAB confirms thermal coal ban at AGM
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Media release: NAB’s coal mining exclusion raises the bar for its competitors
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...
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_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"] 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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Beach Energy: leaking mercury
23 November 2017 In response to shareholder questioning at today's Beach Energy AGM in Adelaide, the company's board confirmed it would consider adopting the Task Force on Climate-related Financial Disclosures (TCFD) recommendations by the end of 2018, noting that...
NAB boosts renewables, but fails to limit fossil fuel funding
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Cooper Energy: receiving funding from ANZ
At the Cooper Energy annual general meeting board members asserted they were conscious of environmental impacts, however they were unable to give specific details about their plans as they weren't yet formulated. Managing Director, David Maxwell, also announced a...