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...
Big institutions back Rio Tinto resolution
2 May 2018 A resolution calling on Rio Tinto to publish the payments that it makes to groups lobbying on energy and climate policy, and to review whether such memberships are consistent with Rio’s stated support for emissions reductions, featured prominently at the...
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...
AECOM cancels grad outreach to avoid Adani questions
[cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"]Wednesday 21 March, 2018US-based engineering and design firm AECOM has cancelled most of their graduate outreach program to avoid facing questions and...
Media release: AECOM cancels graduate outreach as #StopAdani protests mount
[cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][x_image type="none" src="https://www.marketforces.org.au/wp-content/uploads/2018/03/18-3-14-AECOM-ANU-protest.jpg" alt="" link="false" href="#" title="" target="" info="none"...
Media release: Japanese Banks under international fire over Vietnamese coal finance
Tuesday 13 March 2018 An international coalition of civil society organisations has written to SMBC, Mizuho and MUFG, warning of the risks associated with financing the 1,200MW Nghi Son 2 coal-fired power plant in Thanh Hoa province, Vietnam. The project is sponsored...
EFIC supporting Adani Carmichael
[cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ]June 2018 Adani has failed to attract private finance to its proposed Carmichael mine and rail project and is becoming increasingly...
AECOM: “Like a dentist handing out candy”
[cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"]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...
Media release: Standard Chartered breaches own climate change commitment, funds coal plant in Vietnam
Friday 9 February 2018 The London-based bank Standard Chartered is reportedly in line to co-finance the planned 1,200MW Nghi Son 2 coal-fired power plant in Thanh Hoa province, Vietnam. It is understood that the sponsors of the plant are seeking to finalise key...
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...