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 confirms thermal coal ban at AGM
The Chairman of NAB, Dr Ken Henry, confirmed that the bank would no longer lend to new thermal coal projects at today’s annual general meeting. Take action: acknowledge NAB’s step forward and tell the other banks to follow suit! Spread the word! Share NAB’s thermal coal mining bank on social … 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
Media release: NAB’s coal mining exclusion raises the bar for its competitors
14 December 2017 NAB’s new coal mining risk appetite statement goes further than any other major Australian bank by ruling out lending to new thermal coal mines or extensions, according to environmental finance advocates Market Forces. “NAB has lifted the bar above its competitors by becoming the first major bank … 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
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