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Updated by Market_Forces on Sep 20, 2018
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Market Forces in the media

Australian businesses must do more to disclose climate change risks to investors, Asic says | Australia news | The Gu...

Financial analysts say regulator’s report makes it clear ‘many Australian companies are not meeting their legal requirements’

'Lip service': Call for investors to step up action on climate risk

Investors have been urged to “step up the pressure” on companies to act on climate change as annual meeting season approaches.

QBE urged to drop its support of fossil fuels | Insurance Business

A day before QBE posted its half-year results, environmentalist activists demonstrated outside the insurer’s Sydney head office, calling on the company to end its support for the coal, oil, and gas industries that are fueling climate change.

The power of finance to slow new coal plants | Asia Times

So far, 2018 has seen seven banks dominant in Southeast Asia either release or update their policies related to coal, the single-biggest source of greenhouse-gas emissions worldwide. This number is soon to rise, with Standard Chartered in the final stages of preparing its own coal lending policy update.

New Japanese bank policies rule out one third of overseas coal plant finance | RenewEconomy

New policies should rule out financial support to a third of coal-fired power stations currently under consideration by Japan’s three major commercial banks.

It's about time super funds came clean on climate

The superannuation industry should not be allowed to be opaque when it comes to managing major risks.

Local NGOs push Singapore banks on coal: Stop using our money to fuel climate change | News | Eco-Business | Asia Pac...

In an open letter, a coalition of sixteen local NGOs calls on Singaporean banks to cease financing coal power, saying it impacts the health of communities and...

Citibank targeted over US pipeline funding

A 30-metre pipeline has been laid outside Citigroup's headquarters in Sydney's CBD as part of a worldwide protest against the organisation's funding of controversial tar sands pipelines in the US.

Big four banks quit coal only to invest in other fossil fuels, research finds | Australia news | The Guardian

ANZ, CBA, Westpac and NAB have provided finance for 17 new fossil fuel projects since Paris target, report says

AECOM STOPS WORK ON ADANI RAIL PROJECT

RESOURCES group Adani has confirmed a “small” downsizing of its office requirements in Townsville but maintains it is “100 per cent” committed to its Carmichael coal project.Infrastructure and planning group Aecom has also confirmed it has completed rail

Carmichael rail line: engineering firm says it has 'demobilised' from Adani project | Business | The Guardian

Exclusive: Indian miner says ‘current phase’ of AECOM’s engineering and design complete

Investors willing to flex muscle against companies in the wake of AMP

Is this the beginning of institutional investors being more willing to flex their muscles against companies?

The former CBA boss tapped to save the disgraced AMP is a climate sceptic

AMP found itself embroiled in fresh controversy on Thursday when it emerged the firm had apparently unwittingly appointed a climate change denier as chair.

AMP forges new path by appointing climate denier as chairman : RenewEconomy

New chairman's views on climate change and climate scientists is a bad sign on how AMP will handle climate risk.

How even greenies like me vote against climate change action

Our super funds are voting with companies to resist moves to address global warming.

QBE shareholders deliver the insurer 'first strike' at AGM | afr.com

QBE Insurance Group shareholders have handed the company a "first strike" on its 2017 remuneration report, incensed by hefty executive bonuses being doled out while the company languishes.

QBE hit with first strike against exec pay | SBS News

Despite recent changes to a bonus for chief executive Pat Regan, QBE has been hit with a first strike from shareholders over executive pay.

Santos in $US221m sale of Asian business ahead of AGM | afr.com

Takeover target Santos has struck a $US221 million deal to sell its non-core Asian oil and gas assets to UK-based Ophir Energy.

Super funds shy on backing climate change votes

Many balk at backing calls for more transparency from companies about climate-related risks.

1,200 megawatt Vietnam coal plant gets funding, but Standard Chartered pulls out over climate policy conflict | News ...

The London-headquartered bank withdrew from the US$1.87 billion coal plant’s funding consortium. But eight other banks, including Singapore’s OCBC and DBS and...

DBS, OCBC among lenders for Vietnam coal power plant, Banking News & Top Stories - The Straits Times

DBS and OCBC are among a group of banks and lending agencies that have signed off on financing of about US$1.87 billion (S$2.5 billion) for a controversial coal-fired power station in Vietnam.. Read more at straitstimes.com.

Backed by Banks, Vietnam Embraces Dirty Coal - New Naratif

A petition calling on several major Singaporean banks to end their funding of thermal power plants in developing nations like Vietnam and Indonesia has shed light on the complex, transnational nature of financing for such projects.

QBE says investors want proof of turnaround | afr.com

QBE chief executive Pat Regan has admitted that sceptical investors are looking for "proof points" following eight successive profit downgrades.

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.