By Ginanjar Ariyasuta, Indonesia Energy Finance Campaigner, Market Forces Pick up any major Southeast Asian bank's sustainability report and you will find a coal funding commitment. The language is confident. The dates are specific. But banks from Jakarta to Kuala...
OCBC
Over 80% concerned about climate change in Indonesia, Malaysia and Singapore
Tuesday 19 May: More than four out of five people in Singapore (81%), Malaysia (84%) and Indonesia (96%) are moderately to extremely concerned about climate change, according to a survey conducted by YouGov, in new research commissioned by Market Forces. The new...
Complaint filed to SGX against OCBC for potential misleading conduct
Tuesday 24 February 2026 Market Forces has lodged a complaint at the Singapore Exchange against Singapore bank, Oversea-Chinese Banking Corporation - OCBC, for potential misleading conduct over finance enabling industrial coal power plants by Harita Nickel Group in...
Southeast Asian banks need to end loopholes allowing finance for industrial coal power
By Binbin Mariana, Senior Asia Energy Finance Campaigner, Market Forces, a clean energy finance advocacy organisation working across Asia and Australia. Southeast Asia’s biggest banks have made public commitments to sustainability and phasing out financing for coal,...
Major UK bank cuts ties with Indonesian mega coal producer
Jakarta, 14 July 2022 - One of the largest United Kingdom banks, Standard Chartered, has confirmed that it is ending investment in Indonesia’s second largest coal producer, PT Adaro Indonesia and other banks need to follow suit in line with their energy and fossil...
Adaro Energy: Betting on the failure of global efforts to stop climate change
Adaro Energy Indonesia (Adaro) held its AGM in April 2022, confirming business plans consistent with the failure of the Paris Agreement. Despite evidence to the contrary from the IEA and other experts, the company stated its view that in the long term, the...
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.[1] Yet one of Australia’s largest and most polluting gas export projects, Australia Pacific LNG (APLNG), is seeking approval to...
Japan-funded coal power project would cause 1,900 premature deaths in Vietnam
Photo credit: Kiều Tấn Tiến Right now, there are several Japanese-financed coal-fired power stations in the pipeline in Vietnam and across Asia -- Van Phong 1 is a prime example of how dirty and polluting these projects can get. What does this highly-polluting...
Media release: JBIC and commercial banks shamelessly agree to finance Van Phong 1, despite multiple unresolved issues
19 April 2019 The decision by the Japan Bank for International Cooperation (JBIC) and a consortium of commercial banks to finance the proposed Van Phong 1 coal-fired power station in Vietnam has been branded as shameless and cowardly by clean energy advocates. JBIC...
Media release: OCBC and DBS coal policies a game changer for Asian energy finance
18 April 2019 Responding to the news that OCBC and DBS have, within two days of each other, signalled an end point to financing new coal power stations, Market Forces Executive Director Julien Vincent said: "This week was a major game-changer for energy finance in the...