Media release: Investors heap pressure on AGL

Thursday 19 September 2019 At today’s AGM in Sydney, over 30% of shareholders, worth more than AU$3.8bn, voted against management and in support of a resolution calling on the company to reduce emissions in line with the goals of the Paris Climate Agreement. Response from Will van de Pol, Market … Read More

Our super funds can help sway climate-change targets

18 September 2019 Market Forces in the Media: Op-ed in the Sydney Morning Herald by Julien Vincent, Executive Director, Market Forces It was one of the loudest signals yet that Australian superannuation funds wanted strong action on climate change. Ahead of this year’s G20 meeting in Japan, the likes of … Read More

Standard Chartered tries to have it both ways on coal

Vietnam coal power plant

Op-ed by Julien Vincent, executive director Market Forces Published in Asia Times, 21 January 2019 While 2018 climate-change news was dominated by President Donald Trump’s announcement of the United States’ intention to withdraw from the Paris Climate Agreement, it was also a year when the financial sector continued its inexorable march … 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

AGL shareholders back Liddell closure, call for rapid coal exit

27 September 2017 At AGL’s annual general meeting (AGM) today in Melbourne, 126 shareholders, collectively holding a position in the company worth $5.4 million, delivered a statement, supporting the board’s decision to close its Liddell coal power station in 2022. The shareholders asked that the board reaffirm these plans, a move … Read More

Tell the big banks: Don’t cave on dirty coal finance!

18 September, 2017 News this morning has highlighted the utter lunacy of the current state of the energy ‘debate’ in Australia, with Trevor St Baker, Chairman of Delta Electricity, calling on the government to pressure banks to keep lending to dirty power stations like the ones he owns. We need … Read More

The financial backers of Vietnam’s latest 3 power stations

Reuters is reporting that, with Vietnam’s Prime Minister Nguyen Xuan Phuc preparing to visit Japan, licences will be awarded on three proposed new coal-fired power stations that would be heavily backed by Japanese funding. The article does not name the plants, but Market Forces is aware that the three mentioned are Namh … Read More