NAB fails to address fossil fuel lending loopholes at 2022 AGM

16 December 2022 NAB faces shareholder backlash over continued support for new fossil fuels at 2022 AGM Today, National Australia Bank (NAB) faced a formal proposal from shareholders asking it to demonstrate how the company’s financing would not be used for the purposes of new or expanded fossil fuel projects. … Read More

ANZ pulls the wool over investors eyes on climate at 2022 AGM

Australia New Zealand Bank

15 December 2022 Just over 8% of shareholders voted in favour of a formal proposal calling on the bank to demonstrate how its funding would not be used for new fossil fuel projects at today’s annual general meeting. Last month, a UN High-level Expert Group confirmed what many experts have … Read More

Westpac’s ‘laughable’ greenwashing called out at 2022 AGM

14 December 2022 Over 10% of Westpac’s shareholders defied the board to support a formal proposal calling on the bank to demonstrate how its funding won’t be used for new fossil fuel projects at today’s annual general meeting (AGM) in Melbourne. The bank was also grilled over the community costs … Read More

Win! Deutsche Bank abandons Whitehaven Coal’s bond issue

Win! Deutsche Bank abandons Whitehaven Coal's toxic bond issue

20 May 2022 A media report in Germany confirmed publicly this week that Deutsche Bank has withdrawn from its involvement in a bond issue for climate-wrecking Whitehaven Coal, following a concerted people-powered campaign coordinated by Market Forces.  Business media outlet Handelsblatt reported on Wednesday that:  “According to information from financial … Read More

Deutsche Bank staff survey 2022

The monstrous Maules Creek coal mine, destroying swathes of the Leard State Forest, NSW. Image courtesy of the Lock the Gate Alliance

21 March 2022 Thank-you for taking the time to fill out this survey. Its purpose is to understand the views of Deutsche Bank employees regarding the bank’s reported decision to arrange finance for Whitehaven Coal, one of Australia’s most controversial coal mining companies. The survey is anonymous and takes about … Read More

Win! Credit Suisse rules out Whitehaven Coal

The monstrous Maules Creek coal mine, destroying swathes of the Leard State Forest, NSW. Image courtesy of the Lock the Gate Alliance

Climate-wrecking coal company Whitehaven Coal received a $1 billion loan in February 2020 from a group of major banks, including European investment bank Credit Suisse. Late last year, Credit Suisse updated its policy on thermal coal mining, clearly excluding Whitehaven from any further funding. This makes Credit Suisse the first … Read More