17 April 2018 OCBC’s chief executive officer Samuel Tsien said in an interview earlier this week that OCBC will not fund any more new coal – but will remain in two projects in Vietnam. Subscription news sources suggest these projects are Van Phong 1 and Vung Ang 2. “OCBC’s decision … Read More
Ad urging Standard Chartered to stop funding dirty coal published across Asia
23 August 2018 Today, with the help of community donors and partner organisations, Market Forces published a full-page advertisement in the Financial Times Asia, urging Standard Chartered Bank to stop funding new coal-fired power plants. Click here to email Standard Chartered urging them to stop lending money to new coal Copies … Read More
Media release: Singaporean banks blowing smoke on climate
A new analysis from environmental finance group Market Forces shines a light for the first time on Singaporean banks’ continued funding of the coal industry, despite public pronouncements on climate action. Market Forces analysed data relating to the lending activity of Singapore’s big three banks, Oversea-Chinese Banking Corporation (OCBC), DBS … Read More