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

Event: Melbourne Rises for the Reef

On Saturday 16th September, 6:30pm we will be screening the inspiring Guarding the Galilee documentary at Federation Square’s iconic big screen. Right when we need to be urgently phasing out our use of coal, oil and gas to reduce global warming, building a giant new coal mine will only make … Read More

Media release: Origin Energy faces three shareholder resolutions

Coordinated by environmental finance group Market Forces, shareholders in Origin Energy have filed a series of resolutions with the oil and gas major. View ASX announcement. The three resolutions, to be heard at Origin’s October AGM, call for greater disclosure of climate risks, the development of a transition plan, and … Read More

Commbank out of Adani but still in deep on fossil fuels

UPDATE: 28 August 2017 Shareholders have lodged a resolution with Commonwealth Bank, proposing that directors should manage the company in line with the goal of holding global warming to less than two degrees. Click here to see Market Forces’ media release about the resolution.  Click here to view the resolution … Read More

Media release: Commbank’s refusal to finance Adani coal mine

Commonwealth Bank’s confirmation that it will not be involved in financing the Carmichael coal mine leaves Adani in the highly improbable position of financing a major Australian project without the support of one of the “big four” banks. “It’s desperate measures now for Adani”, said Market Forces executive director Julien … Read More

WIN! CommBank will not be asked to finance Adani Carmichael

11 August 2017 “We have been asked about our role in funding the Adani Carmichael mine. Whilst in general we do not comment on specific clients, we can confirm that we are not amongst the banks who have been, or will be, asked to consider this financing.” That was a … 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