Win! Deutsche Bank abandons Whitehaven Coal’s bond issue

Win! Deutsche Bank abandons Whitehaven Coal's toxic bond issue

20 May 2022 A media report in Germany confirmed publicly this week that Deutsche Bank has withdrawn from its involvement in a bond issue for climate-wrecking Whitehaven Coal, following a concerted people-powered campaign coordinated by Market Forces.  Business media outlet Handelsblatt reported on Wednesday that:  “According to information from financial … Read More

Deutsche Bank staff survey 2022

The monstrous Maules Creek coal mine, destroying swathes of the Leard State Forest, NSW. Image courtesy of the Lock the Gate Alliance

21 March 2022 Thank-you for taking the time to fill out this survey. Its purpose is to understand the views of Deutsche Bank employees regarding the bank’s reported decision to arrange finance for Whitehaven Coal, one of Australia’s most controversial coal mining companies. The survey is anonymous and takes about … Read More

Win! Credit Suisse rules out Whitehaven Coal

The monstrous Maules Creek coal mine, destroying swathes of the Leard State Forest, NSW. Image courtesy of the Lock the Gate Alliance

Climate-wrecking coal company Whitehaven Coal received a $1 billion loan in February 2020 from a group of major banks, including European investment bank Credit Suisse. Late last year, Credit Suisse updated its policy on thermal coal mining, clearly excluding Whitehaven from any further funding. This makes Credit Suisse the first … Read More

Send some Christmas cheer to Deutsche Bank’s CEO!

Example DB Christmas Card

7 December 2021 ‘Tis the season to be jolly… unless, like Deutsche Bank, you’re arranging funds for climate-wrecking coal companies. That’s why this Christmas we’re going to flood Deutsche Bank’s CEO with Christmas cards, to remind him that working with Whitehaven Coal will put Deutsche Bank on Santa’s naughty list. So … Read More

Deutsche Bank’s involvement with Whitehaven Coal exposed in German media

23 October 2021 On Friday morning, executives at Deutsche Bank awoke to a half-page advertisement on page 7 of Handelsblatt, a major newspaper popular in Germany’s financial world. The ad, coordinated by Market Forces, exposes Deutsche Bank for reportedly preparing to arrange finance for climate-wrecking coal company Whitehaven Coal. To … Read More

Deutsche Bank prepares to raise funds for Whitehaven

1 October 2021 Financial news source Debtwire reported last week that Deutsche Bank is preparing to raise funds for Whitehaven Coal’s climate-wrecking coal business.  Specifically, Debtwire reports that Deutsche Bank organised a “non-deal roadshow” event this week, and intends to act as a bookrunner for any bond issue that emerges … Read More

NAB and Westpac: Stop funding Whitehaven Coal!

NAB & Westpac- Stop Funding Whitehaven's Dirty Coal

15 September 2021 The federal Environment Minister has just signed-off approval for Whitehaven’s climate-wrecking Vickery coal mine. But Whitehaven still needs to find enough money to match the mine’s $600 million price-tag. Despite stating their support for the Paris Agreement, NAB and Westpac loaned a combined $220 million to Whitehaven … Read More

Coal affair sinks Mark Vaile’s uni application

23 June 2021 Thanks to an enormous backlash from students, staff, alumni, donors and the NTEU, former Deputy Prime Minister and chairman of Whitehaven Coal Mark Vaile decided to walk away from his appointment as the next chancellor of Newcastle University [1]. Vaile’s decision underscores that associating with the climate-wrecking … Read More