NAB, ANZ and Westpac are among 18 global banks that have loaned1 to a gas processing facility that paves the way for a carbon bomb at the scale of 15 coal power stations. The banks—including Japanese megabanks Mizuho, MUFG and SMBC, UK’s HSBC and Standard Chartered, and Bank of China—have … Read More
China coal shift a body blow to Australian coal
22 September 2021 Overnight, Chinese President Xi Jinping announced to the United Nations General Assembly that China “will not build new coal-fired power projects abroad”. The statement follows similar announcements made earlier this year by Japan and South Korea. Since 2013, 65% of global public finance for coal power stations … Read More
APLNG seeks massive expansion of polluting gas drilling
16 April 2021 Scientists have been clear that meeting the Paris Agreement’s climate goals means no expansion of the polluting gas industry. Yet one of Australia’s largest and most polluting gas export projects, Australia Pacific LNG (APLNG), is seeking approval to drill up to 7,700 new gas wells across central … Read More
WIN! Standard Chartered rules out new coal…. everywhere!
25 September 2018 Standard Chartered bank today updated its policy on lending to power generation, ruling out new coal power plants anywhere in the world. It confirmed the bank would no longer directly finance “any new coal-fired power plant projects, including expansions, in any location”. This marks a massive shift … Read More
Chinese banks rule out Carmichael coal mine!
UPDATE: 13 December 2017China Merchants Bank has become the fourth major Chinese bank to categorically rule out lending to the Adani Carmichael project.In a statement issued directly to Market Forces, China Merchants Bank stated: “China Merchants Bank is not, and does not intend to be involved in the Adani Carmichael Mine … Read More
Keep Chinese investment out of Adani Carmichael
We’ve found out how Adani plans to finance their mega coal mine. And we have two months to stop it. Click to take actionAdani has been talking to China Machinery Engineering Corporation (CMEC), a Chinese state owned enterprise capable of supporting the construction of the mine, but also with the … Read More
Adani List Tour
1 November 2017 Today we marched down Collins Street to confront the companies that are doing business with Adani, ending up at the International Mining Conference where the CEO of Adani Australia was set to deliver an address to a crowd of Australia’s mining elite. The day began with the … Read More