ANZ finance the purchase of Rio’s last coal mine

5 April 2018 ANZ has contributed to a US$1.7 billion (AU$2.2 b) deal to finance the purchase of Rio Tinto’s last coal asset by Indonesian coal miner Adaro Energy and private equity manager EMR Capital. The deal comes despite ANZ’s repeated claims that the bank’s lending to coal is on its way … Read More

AECOM cancels grad outreach to avoid Adani questions

Wednesday 21 March, 2018 US-based engineering and design firm AECOM has cancelled most of their graduate outreach program to avoid facing questions and protests regarding their work on the Adani Carmichael coal project railway line. Of the 19 graduate career information or networking sessions scheduled for this month across Australia, … Read More

Media release: AECOM cancels graduate outreach as #StopAdani protests mount

Tuesday 20 March, 2018: US-based engineering and design firm AECOM’s graduate outreach program has been thrown into disarray, with protests and cancellations impacting most events. Of the 16 Graduate Career Information Sessions scheduled this month, eight have been cancelled and another five have faced protests, with questions on Adani and … Read More

EFIC supporting Adani Carmichael

The Export Finance and Insurance Corporation (EFIC), an Australian government institution, is being used to financially support Adani’s plans to open up the Galilee Basin to coal mining. It has been revealed that EFIC plans to use public money to prop up at least one company that would supply Adani’s Carmichael … Read More

AECOM: “Like a dentist handing out candy”

It’s getting lonely for Adani in their destructive quest to build the Carmichael coal mine and railway line. Twenty-eight major banks across four continents have now stated they will not lend money to the project. Adani’s construction partner Downer EDI has walked away. Most recently, Aurizon, Australia’s most experienced coal … Read More

Another year, another $1m in political donations from fossil fuel companies

1 February 2018 Malcolm Turnbull’s personal donation of $1.75 million around the time of the 2016 Federal election may grab all the headlines, but the ongoing contributions to political parties by Australia’s largest fossil fuel companies may explain why our climate policies are so appallingly weak. Fossil fuel companies donated … Read More

Media release: Singaporean banks blowing smoke on climate

A new analysis from environmental finance group Market Forces shines a light for the first time on Singaporean banks’ continued funding of the coal industry, despite public pronouncements on climate action. Market Forces analysed data relating to the lending activity of Singapore’s big three banks, Oversea-Chinese Banking Corporation (OCBC), DBS … Read More

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 the meeting Chairman David Gonski addressed the issue … Read More