MEDIA RELEASE Wednesday 15 March, 2023: A new report by Market Forces finds Australia’s five biggest super funds are greenwashing and exposing themselves to legal risk by failing to effectively engage with companies expanding fossil fuels. Managing more than $1 trillion of members’ retirement savings, the five funds analysed in … Read More
Standard Chartered and Barclays fund Adani’s coal mining subsidiary
19 May 2022 Financial new sources confirmed last week that Standard Chartered and Barclays have funded Adani Enterprises, the Adani Group subsidiary pursuing several new thermal coal mining projects, including the disastrous Carmichael mine in Australia. The US $250m debt facility provided by the two UK banks has an option … Read More
Vanguard’s farcical engagement with coal miners Adani, Whitehaven and New Hope exposed
12 May 2022 Global investment management firm Vanguard recently released its 2021 Investment Stewardship Report, where it discusses the supposed impact of its engagement with the companies in which it invests. Vanguard provides case studies on the Adani Group (p 36) and Australian thermal coal miners Whitehaven Coal and New … Read More
Santos shows contempt for investors, climate change, at its AGM
Adelaide, Thursday, 4 May 2017 A resolution that would have directed Santos to disclose the risks climate change poses to its business has been defeated at today’s annual general meeting of the company, which reiterated its intent to explore for more unconventional gas and said that when considering its future under climate … Read More