AECOM: “Like a dentist handing out candy”

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 have now stated they will not lend money to the project. Adani’s construction partner Downer EDI has walked away. Most recently, Aurizon, Australia’s most experienced coal … Read More

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 of Singapore’s big three banks, Oversea-Chinese Banking Corporation (OCBC), DBS … Read More

NAB rules out new thermal coal

NAB has become the first of Australia’s big four banks to rule out lending to all new thermal coal mines or extensions! The bank’s updated risk appetite statement on coal mining, released today, says: “NAB will no longer finance new thermal coal mining projects.” Use the form below to acknowledge NAB’s … Read More

Embassy confirms: no Chinese money for Adani

6 December 2017 In a massive blow for both the Adani company and the Australian Government, the Chinese embassy has confirmed that no Chinese money will be invested in Adani’s Carmichael coal project. China’s rejection of Adani comes despite Deputy Primer Minister Barnaby Joyce and Trade Minister Steve Ciobo making … Read More

Analysis: Westpac’s new climate change policy

30 April 2017 The most immediate impact of Westpac’s climate change policy announcement on Friday was that it took them out of the running as a potential lender to the Adani Carmichael coal mine, making Westpac the 19th bank to either distance itself publicly from Galilee Basin coal export projects, … Read More

New Hope Group: bravely struggling against reality

18 November 2016 Queensland coal miner New Hope Group owns the New Acland, West Moreton and Bengalla coal mines. As a pure-play coal miner that’s currently trying to expand its Acland operations, New Hope’s current business model is completely out of step with global efforts to curb carbon emissions to … Read More

Help us get these local heroes to the Rio Tinto AGM

21 April 2016 Meet Rob and Annemaree McLaughlin. They’re from Bulga, a small town in the Hunter Valley that has for years had to live with Rio Tinto’s massive Mt Thorley Warkworth coal mine. Despite all we know about the damage coal is causing to the environment, climate and health, … Read More