HSBC violates its coal mining policy to fund Adani Carmichael

Over fifty-five major corporations, from banking and insurance to engineering and construction have ruled out working on the disastrous Adani Carmichael coal project. One of these companies is HSBC. Back in 2016 HSBC announced that it would no longer finance new thermal coal mines. However, it was revealed in The … Read More

Media release: Commbank out of thermal coal by 2030

New fossil fuel projects must prove carbon compliance Wednesday 7 August 2019 In today’s commitment, made in the bank’s new Environmental and Social Framework, to exit thermal coal by 2030, Commonwealth Bank has issued a stark warning to industry and policy-makers that coal has no place in Australia’s future. Commonwealth … Read More

Media release: Chubb’s coal policy has an Australia-sized loophole

July 9, 2019 Chubb’s new restrictions on its underwriting and investments in thermal coal have come under attack from Australia, as groups there call upon the insurer to clarify its stance on the controversial Adani Carmichael coal project. Chubb’s policy rules out underwriting new risks from companies that receive more … Read More

Downer board can’t face up to climate questions

1 November 2018 Downer’s board of directors faced questions at today’s annual general meeting about their climate change views and the company’s stance on Australia’s emissions targets. Downer Holdings Company Ltd, as it is listed on the Australian stock exchange, has a diverse business portfolio that includes power, oil and … Read More

Stanmore Coal continues to dodge climate change concerns

26 October 2018 Stanmore Coal are a pure play coal company with several thermal and coking coal mining operations across Queensland. They made headlines in 2015 when they picked up a mothballed mine from Vale and Sumitomo for just $1. In 2016, we published that Stanmore Coal were in denial … Read More