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Updated by Market_Forces on Mar 21, 2018
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Market Forces in the media

Oil Search adopts carbon price for investment testing | afr.com

Oil Search has started to apply a $US25 per tonne price on carbon for its investments in Papua New Guinea, and a $US40 per tonne price for projects in the US.

Companies 'failing' to deal with climate change risk

Disclosure of climate change-related risks should be made mandatory, Market Forces says.

So much for voluntary reporting: companies fail to come clean over climate risk

Almost a year after companies were encouraged to come clean over the financial risks climate change poses to their business, barely a handful have acted.

Singapore banks under scrutiny over coal lending, Banking News & Top Stories - The Straits Times

Singapore's three local banks are facing greater scrutiny for their lending to coal-fired power plants in the region, over fears the projects will exacerbate climate change by locking in years of polluting emissions.. Read more at straitstimes.com.

Setting tougher limits on coal financing, Business News & Top Stories - The Straits Times

While financing of coal-fired power stations looks set to continue in South-east Asia, some banks are setting more stringent limits on what they will fund, with the emphasis being on more efficient and lower-emissions technology.. Read more at straitstimes.com.

Concerted effort needed on climate action in 2018, Opinion - THE BUSINESS TIMES

: THE BUSINESS TIMES Opinion - SINGAPORE'S declaration of 2018 as the "Year of Climate Action", backed by plans to soon implement a carbon price, has served to demonstrate the country's determination to lead by example. . Read more at The Business Times.

Shareholders target QBE over climate change 'failure'

Insuror QBE has become the latest big listed company to be hit with a demand for more transparency about potential risks it faces from climate change.

Big investors backed shareholder campaigns on climate, human rights

The custodians for billions of dollars in investment are siding with the insurgents more often.

UK Bank Standard Chartered Set to Breach Climate Pledges by Financing Dirty Coal Plant in Vietnam | DeSmog UK

A London-based bank has been accused of breaching its own climate pledges over the financing of a heavily polluting coal-fired power plant in Vietnam. Standard Chartered, a UK bank which supports British companies trading abroad, plans to co-finance the $2.5bn (£1.81bn) Nghi Son 2 coal plant located in the Thanh Hoa province on Vietnam’s northern coast.

None of our insurers are keeping pace with climate change

Australia's big brand insurers are not up to speed in addressing this massive risk.

Banks slash coal loans by 50 per cent as investor pressure mounts

The big banks cut billions of dollars from their loans to fossil fuel companies in 2017, including a near 50 per cent cut in coal exposure, new figures show.

One area where the banks are getting it right: curbing coal

For all their flaws, banks are doing more than the government to move investment away from coal.

Singapore banks DBS, OCBC and UOB funding coal projects despite climate risks: Study, SE Asia News & Top Stories - Th...

SINGAPORE - Singapore's three top banks DBS, OCBC and UOB are significant funders of coal projects in the region, an analysis of their investments shows, putting them at odds with a growing number of global banks shunning financing of polluting coal-fired power stations and mines.. Read more at straitstimes.com.

Next stage in campaign against new coal | Green Left Weekly

As 2017 drew to a close the climate movement had much to celebrate. Hard fought campaigns directed at potential financial backers had resulted in Adani’s Carmichael coalmine being a far less certain prospect as one by one financial options dissolved.

Aurizon, AECOM warned to prepare for disruption by anti-Adani protestors | afr.com

With Downer EDI having pulled out of the Carmichael coal mine, activists are now turning their attention to Aurizon and AECOM.

Singapore has declared 2018 the year of climate action—so why are its banks still funding coal? | News | Eco-Business...

2018 is officially the year of climate action in Singapore, and yet the country’s powerful banks are bankrolling huge, greenhouse gas-producing coal-fired...

Adani's mega mine: it's not over yet

Here we are at the start of 2018 still talking about the prospect of allowing the largest thermal coal mine in Australia to proceed - and in the middle of a ...

Investors, now we have your attention on climate change

If 2017 was the year when investors woke up to the significance of climate risk, 2018 needs to be when finance and investment shifts en masse away from ...

ANZ has 'a great deal' to do in regaining trust: David Gonski

ANZ Bank chairman David Gonski concedes the lender still has "a great deal to do" as it tries to regain public trust.

Origin to halve carbon emissions by 2032 | SBS News

Energy producer and retailer Origin Energy has committed to cutting its carbon emissions by 50 per cent by 2032.

National Australia Bank stops all lending for new thermal coal projects | Australia news | The Guardian

Move makes NAB the first major Australian bank to phase out support for industry but it will continue to finance projects already on its books

China's top two banks won't lend to Adani's Australian coal mine

Sydney: China’s two biggest banks said they do not plan to finance a controversial Australian coal mine, in the latest blow

Adani coalmine project: China Construction Bank won't grant loan, PR firm says | Business | The Guardian

News could deal a blow to Carmichael coal project, which has so far been declined finance by 25 commercial banks

HSBC accused of breaking EU sanctions rules by co-financing Vietnam coal plant | News | Eco-Business | Asia Pacific

HSBC might be breaking EU rules on working with Russian companies by funding a new 1,200 megawatt coal-fired power station in Vietnam. The bank, which recently...

Figure shows ‘death knell’ of coal-fired power as countries agree to stop using coal for electricity

MANY disagree about the future of coal but at least one statistic brings home the stark reality facing coal-fired power.