In a win that's been a long time coming, news broke this week that Australia's largest independent coal miner Whitehaven Coal is currently unbankable. This is a major development that further proves the effectiveness of the people-powered movement to drive finance out...
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“How Shareholders Can Promote Corporate Decarbonisation” – address to the Foreign Correspondents’ Club of Japan
On 27 June 2022, Market Forces Executive Director Julien Vincent made an address to the Foreign Correspondents' Club of Japan with a speech titled "How Shareholders Can Promote Corporate Decarbonisation". A recording of the press conference and Julien's introductory...
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...
Shareholders urge Japanese companies to take urgent climate action
TOKYO, Japan, 29 June 2022 Market Forces, Kiko Network, 350 org. Japan, FoE Japan, Rainforest Action Network Mitsubishi Corporation AGM (June 2022) Japanese corporations have faced a record number of shareholders backing proposals calling for greater action and...
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...
Corporate Japan faces record number of climate shareholder resolutions
TOKYO, Japan, 13 April 2022 Market Forces, Kiko Network, 350.org Japan, Friends of the Earth Japan, Rainforest Action Network Tokyo Stock Exchange (April 2022) Corporate Japan will this year face a record-high number of climate-focused shareholder...
Repeat offenders NAB, ANZ and Westpac bankrolling “bet against the Paris Agreement”
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,...
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: Japan’s MUFG commits to end financing for new coal projects, NGOs call for further steps
16 May 2019 | Joint release: No Coal Japan International NGOs advert in the Financial Times (Asia), 14 May 2019 Japanese and international environmental NGOs welcomed Mitsubishi UFJ Financial Group (MUFG)’s release of its revised environmental and social policy...