HSBC lags as finance cleans up on Asian energy Op-ed by Munira Chowdhury, Analyst, Market Forces Published in Asia Times, 22 January 2020 Last week marked a significant milestone in the financial sector’s ever-increasing rejection of coal, as the world’s largest fund...
coal power
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...
Our super funds can help sway climate-change targets
AGL plans to operate its dirty Loy Yang coal power station until 2048 Credit: Environment Victoria 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...
Japan-funded coal power project would cause 1,900 premature deaths in Vietnam
Photo credit: Kiều Tấn Tiến Right now, there are several Japanese-financed coal-fired power stations in the pipeline in Vietnam and across Asia -- Van Phong 1 is a prime example of how dirty and polluting these projects can get. What does this highly-polluting...
Media release: JBIC and commercial banks shamelessly agree to finance Van Phong 1, despite multiple unresolved issues
19 April 2019 The decision by the Japan Bank for International Cooperation (JBIC) and a consortium of commercial banks to finance the proposed Van Phong 1 coal-fired power station in Vietnam has been branded as shameless and cowardly by clean energy advocates. JBIC...
HSBC’s cynical coal policy leaves Bangladesh, Vietnam and Indonesia open for business
Håkan Dahlström, CC BY 2.0 HSBC’s coal power policy, released at its April 2018 AGM, boldly states it will not finance new coal-fired power plants, with some exceptions. It will still finance projects in Bangladesh, Vietnam and Indonesia, with further limits on the...
Standard Chartered tries to have it both ways on coal
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,...
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...
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...
Tell the big banks: Don’t cave on dirty coal finance!
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