FAR is an Australian owned oil and gas company which operates in Guinea-Bissau, Kenya, Australia and Senegal, a country already facing severe impacts from climate change. Currently the executive bonuses of FAR are tied to how much oil and gas they find. CEO Catherine...
Sundance: Not aware of any risks from climate change
25 May 2017 Sundance Energy, the company that had its annual general meeting in Adelaide today, has had a tough run lately. US Secretary of State and former CEO of Exxon Mobil Mr. Tillerson sued them because he alleged that his $5 million property was in danger due to...
Analysis: Westpac’s new climate change policy
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Westpac’s new climate policy rules out most new coal mines – including Carmichael!
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Media Release: Westpac’s coal exclusion means no funding to Adani coal mine
Brisbane, 28 April 2017 Environmental finance campaigning organisation Market Forces has welcomed the climate change policy update released by Westpac today, which makes the bank the latest to rule out funding Adani's Carmichael coal mine. The policy tightens the...
Westpac tests the patience of ethical investors
9 December 2016 Westpac’s ‘clean and green’ image was shattered today at their Annual General Meeting (AGM) in Adelaide. It started outside the venue where a group of young people presented Westpac with a ‘climate hypocrite’ award for their bankrolling of dirty fossil...
Media release: NAB’s climate change position makes new fossil fuel projects impossible to fund
Melbourne, 14 November 2016 NAB’s climate change position announced today sets it apart from the major banks, but the real proof will be in its future lending decisions, according to environmental finance campaigners Market Forces. The bank’s “Dig Deeper”...
Wesfarmers: not ‘evolving’ quickly enough
11 November 2016 Best known as the parent company of Coles, K-mart, Target, Bunnings and Officeworks, Wesfarmers also owns two open cut coal mines: Curragh in Queensland (100% owned by Wesfarmers) and Bengalla in New South Wales (40% stake). Shareholders attending the...
Poll reveals high expectations for banks to avoid fossil fuels
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Media release: New polling shows half of customers prepared to change banks over fossil fuels – as prominent Australians demand climate action
Thursday 15 September, 2016: New research released today shows overwhelmingly that Australians want their bank to act on climate change by avoiding fossil fuel projects, with almost half prepared to change banks if their current institution finances projects...