The year 2023 saw the Australian coal industry become increasingly financially ostracised. As the rest of the world transitions away from the dirtiest fossil fuel, coal miners have to look further afield for funding which once came easily. Our movement has put...
New Hope Coal
Coal miners looking to self-insure new climate-wrecking projects
Since 2021, coal miners, including Adani/Bravus, New Hope and Whitehaven, have complained openly of difficulties securing insurance for their destructive activities. 45 major insurers have ruled out any coverage of Adani’s Carmichael coal mine, and according to Insure...
Media release: ANZ to ditch companies without a climate plan
Will this mean it says 'no' to a $500m loan to gas company Santos? 9 September 2020 ANZ CEO Shayne Elliot says the bank will drop customers who fail to develop low carbon transition plans. Speaking at ANZ’s 2020 ESG briefing yesterday, Elliot said: "But if we get to a...
The giant stirs. First State Super to divest thermal coal mining
9 July 2020 First State Super today released its new Climate Change Adaptation Plan, with the headlines being that Australia's second biggest superannuation fund would finally start to divest from thermal coal mining companies from October, and would set targets to...