30 July 2020 Major Australian financial institution Macquarie was today challenged over its involvement in the coal and gas industries, and the risks this poses to shareholders, communities and the environment. Macquarie claims its "lending exposures to [the coal]...
@coal
Media release: Fossil fuel lending by Australian banks tops AU$35bn
New Market Forces analysis - Funding Climate Failure Wednesday 8 July, 2020: Despite repeated pledges and policies to the contrary, Australia’s big four banks have once again increased funding to the expansion of the fossil fuel industry over the past year. The...
Australia’s pariah projects: the fossil fuel proposals threatening to bust our climate goals
Australia’s ‘big four’ banks – ANZ, CommBank, NAB and Westpac – have all publicly championed the Paris Agreement. They have also committed to the global goal of net zero emissions by 2050, even though the current state of climate science means we should be aiming for...
Adani looking for Abbot Point investors
12 March 2020 Adani is asking investors to back the Abbot Point coal export terminal for the next seven years through a new bond. With take-or-pay contract protection now largely expired, whoever invests is placing a massive bet about the Carmichael coal project going...
The Siemens fiasco should scare off Adani’s other European supporters
20 February 2020 The pressure on Siemens, the German multinational which last month destroyed its reputation over a $30 million contract, offers a cautionary tale about how dangerous business as usual can become if you haven’t noticed that the world around you has...
Rockwell Automation 64th company to rule out Adani
17 February 2020 US-based multinational Rockwell Automation has become the 64th major company to rule out work on the climate-wrecking Adani Carmichael coal project. In response to a letter from the Stop Adani Alliance sent on 13 February, Rockwell CEO Blake Moret...
Siemens AGM dominated by Adani criticism
6 February 2020 With hundreds of protestors chanting outside and an over-the-top security presence inside, Siemens annual general meeting (AGM) in Munich yesterday was dominated by stern criticism, by both institutional investors and ordinary Germans, of Siemens'...
Op-ed: HSBC lags as finance cleans up Asian energy
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...
Fact Check: Siemens’ attempt to justify the unjustifiable
21 January 2020 Last week Siemens confirmed it intends to go ahead and do signalling work for Adani’s climate-wrecking Carmichael coal project rail line. Siemens CEO Joe Kaeser attempted to justify this unjustifiable decision with a public statement full of nonsense,...
Siemens chooses Adani over a safe climate
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