12 May 2022 Global investment management firm Vanguard recently released its 2021 Investment Stewardship Report, where it discusses the supposed impact of its engagement with the companies in which it invests. Vanguard provides case studies on the Adani Group (p 36)...
coal
Whitehaven Coal found producing far more thermal coal than environmental assessment estimates
11 May 2022 Whitehaven Coal is Australia’s biggest publicly-listed pure play coal mining company. It operates four coal mines in New South Wales, and is pursuing a further three new or expanded mines that could double the company’s coal production by 2030. The...
Help GLAS make time to Stop Adani
10 May 2022 There are now 112 major companies that have ruled out providing any support to the climate-wrecking Adani Carmichael coal project. However, debt administration services provider GLAS is not one of them. With Adani’s Australian coal port, NQXT, currently...
Adani planning to self-fund coal port debt refinancing
22 March 2022 According to a note published on 14 March, Adani has indicated to the Moody’s ratings agency that it is failing to find an external source to refinance the US$500m of bonds maturing in December of this year, issued by its coal port North Queensland...
Deutsche Bank staff survey 2022
21 March 2022 Thank-you for taking the time to fill out this survey. Its purpose is to understand the views of Deutsche Bank employees regarding the bank’s reported decision to arrange finance for Whitehaven Coal, one of Australia’s most controversial coal mining...
Will GLAS shatter its reputation on Adani’s coal port?
26 May 2022 In November 2021, after a short and sharp public backlash, the Bank of New York Mellon (BNYM) became the 104th company to cut ties with Adani’s disastrous Carmichael coal project. For many years, BNYM was playing a specialised role as the security trustee...
Win! Credit Suisse rules out Whitehaven Coal
Climate-wrecking coal company Whitehaven Coal received a $1 billion loan in February 2020 from a group of major banks, including European investment bank Credit Suisse. Late last year, Credit Suisse updated its policy on thermal coal mining, clearly excluding...
Super funds still undermining climate goals, despite $1 trillion shift out of coal
15 February 2022 New research from Market Forces reveals every major super fund in the country continues to undermine the Paris Agreement and net zero by 2050 climate goals by investing in companies expanding the scale of the fossil fuel industry. However, the...
Will GLAS shatter its reputation on Adani’s coal port?
In November 2021, after a short and sharp public backlash, the Bank of New York Mellon (BNYM) became the 104th company to cut ties with Adani’s disastrous Carmichael coal project. For many years, BNYM was playing a specialised role as the security trustee for the debt...
Convex rules out insuring Adani’s mega mine and all new thermal coal production
4 February 2022 Earlier this week, UK and Bermuda-based Convex Insurance published a statement confirming it “will not insure the construction or operation of any new thermal coal mine and/or its dedicated infrastructure”. This commitment means Convex has ruled itself...