Ten dodgy fossil fuel deals hurting the banks

Share this story The demise of the fossil fuel industry is a major headache for Australia’s big banks. Having provided the debt that fueled the last big fossil fuel boom, the likes of ANZ, CommBank, NAB and Westpac now find themselves exposed to projects that are both environmentally and financially … Read More

Media Release: Peabody bankruptcy a cautionary tale for Australian investors

Melbourne, Wednesday 13 April 2016 Today’s long-expected bankruptcy announcement by Peabody should serve a cautionary tale to Australian investors still holding fossil fuel stocks, according to financial activist group Market Forces. “Australian investors who held Peabody stocks since 2011 would have been severely burned by the decline of the company,” … Read More