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Updated by Market_Forces on Feb 14, 2018
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Market Forces in the media

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.

Commonwealth Bank says its lending for coal will continue to decline | Environment | The Guardian

Analysts say a test of the bank’s withdrawal from coal will come when Adani’s Abbot Point terminal comes up for refinancing

Commonwealth Bank commits to exiting coal | News | Eco-Business | Asia Pacific

Australian finance giant Commonwealth Bank has indicated it will bring its coal funding down to zero, in line with the global transition to a low-carbon...

Medibank steps away from high carbon investments - The World Today - ABC Radio

Medibank Private is distancing itself from investments that involve fossil fuels, saying it is responding to community expectations.

Medibank to pull back from carbon polluting investments - ABC News (Australian Broadcasting Corporation)

Medibank Private dumps its exposure to high carbon investments a year after announcing its portfolio would move away from tobacco.

Medibank to dump holdings in fossil fuels over climate change health fears

Medibank says it will transition to low-carbon investments in its international portfolio within the next year.

Emails reveal officials probing environmental and financial concerns with Adani super-mine

Senior officials considering lending public money to develop Australia's biggest coal mine have known for months of environmental and financial problems ...

Adani takes another climb up Mount Absurdity

Last month I claimed that using a $900 million, publicly funded loan to bail out Adani's otherwise unviable Carmichael coal mine proposal was the height of ...

Shareholders want power to 'escalate' issues

A group representing some of the nation's biggest superannuation funds says shareholders need greater powers to ensure their concerns are heard at company AGMs - ...