Friday 5 October, 2018: A document released through Freedom of Information has revealed Korea responding positively to efforts by the Australian Government to promote Adani’s controversial Carmichael coal project. The document, sent from Seoul to Canberra in November...
Magellan can’t see risks to its own business
Magellan Financial Group's (MFG) deputy investment officer Dominico Giuliano recently made statements in the media about the need for accurate climate risk disclosure. At its annual general meeting (AGM) today, however, the company seemed to think that climate change...
AGL reaffirms closing Liddell coal-fired power station by 2022
26 September 2018 Today energy giant AGL faced angry community representatives and shareholders at its annual general meeting (AGM) in Melbourne. Most of question time was taken up by the Western Port community voicing their concerns over Crib Point, with the board...
WIN! Standard Chartered rules out new coal…. everywhere!
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ]25 September 2018 Standard Chartered bank today updated its policy on lending to power generation, ruling out new coal power plants anywhere in the world. It...
Media Release: Standard Chartered offers leadership on coal and climate change in key energy markets
Tuesday 25 September, 2018: Responding to the news that Standard Chartered has ruled out finance for "any new coal-fired power plant projects, including expansions, in any location", Market Forces Executive Director Julien Vincent said: "This is what leadership on...
Market Forces files complaint over Japanese banks’ coal lending breach of OECD guidelines
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ] 18 September 2018 Market Forces has made complaints against Sumitomo Mitsui Banking Corporation (SMBC), Mizuho Financial Group (Mizuho) and Mitsubishi...
The power of finance to slow new coal plants
Market Forces in the media By Julien Vincent, executive director Op-ed in the Asia Times, August 29, 2018 So far, 2018 has seen seven banks dominant in Southeast Asia either release or update their policies related to coal, the single-biggest source of greenhouse-gas...
AusNet: no commitment on the Task Force
AusNet own and operate the Victorian electricity transmission network, which is mainly powered by brown coal in the Latrobe Valley. Since Australia needs to keep 95% of its coal in the ground to meet the Paris Agreement’s goal of holding global warming well below two...
Adani: No customers, no finance, but still a threat
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ] UPDATE: 18 July 2018 In a television interview overnight, the son of Gautam Adani, Karan, claimed that financial close had been reached for the Carmichael coal...
Risks all round from Adani’s Abbot Point sale plans
23 May 2018. Adani's plans to sell down their stake in the Abbot Point coal export terminal, with the aid of investment bank Rothschild, are a win for the Carmichael mega mine project and a clear threat to the campaign to stop it, say environmental finance advocates...