coal

The power of finance to slow new coal plants

Aug 30, 2018 | ,

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

Jul 19, 2018 | , , ,

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

Jul 9, 2018 | , ,

[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text] 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

May 23, 2018 | , ,

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...

ANZ finance the purchase of Rio’s last coal mine

Apr 5, 2018 | , , ,

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

Mar 21, 2018 | ,

[cs_content][cs_element_section _id="1"][cs_element_row _id="2"][cs_element_column _id="3"][cs_text _order="0"]Wednesday 21 March, 2018US-based engineering and design firm AECOM has cancelled most of their graduate outreach program to avoid facing questions and...