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Updated by Market_Forces on Dec 05, 2018
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Market Forces in the media

Australian mining giants 'may be breaking law' by ignoring climate change risks | Australia news | The Guardian

Investor group finds most companies dismissing climate as a financial risk to their business, in breach of legal requirements

QBE under pressure over exposure to coal | afr.com

QBE has been accused of failing to live up to its rhetoric on climate change, with a report giving it the lowest score possible on coal exposure.

Dirty business? QBE takes heat over coal ties

QBE is facing pressure from environmentalists after an annual scorecard ranked the insurer among the worst when it comes to moving away from insuring or investing in coal-related businesses.

QBE falling behind competitors on climate action | Investment Magazine

A major report has QBE scored zero for both investment in, and underwriting, coal and tar sands, meaning the company has no policies at all.

Adani Group announced work on Australian Coal mine without approvals | National Herald

At a time when climate protesters in Australia, are on the streets to remind the govt of its inability to tackle the issue of climate change, Adani Group has announced it will self-finance its controversial Queensland coalmines project

Adani to begin work 'immediately' on self-financed mine, but hurdles remain | Environment | The Guardian

Despite announcement construction is to begin within weeks, regulatory approvals are still needed

Adani's Carmichael mini-mine opens the floodgates for more Queensland coal mines - ABC News (Australian Broadcasting ...

It's not the mega-mine promised, or feared — but, if we can believe Adani's assurances, it's nonetheless a game changer that will open a vast new coal-mining region, writes Stephen Long.

Is corporate Australia facing a 'tipping point' on climate change?

Observers say momentum on climate change is building in the investment world.

Whitehaven Coal: activist shareholders to force vote on climate strategy | Business | The Guardian

Proxy firm secures support from major investors for three resolutions calling for company to align policy to Paris agreement

Whitehaven investors have defied proxy advisors and endorsed the company's approach to exec pay

Whitehaven Coal shareholders have defied proxy advisors and endorsed the company's approach to remuneration, as a significant minority signalled their desire for greater disclosure on climate change.

Whitehaven (ASX: WHC) says activists 'flawed' in thinking coal miner ignores climate change

Resolutions to force the coal miner to improve its disclosure of climate change-related risks were voted down at its annual meeting.

Whitehaven next in frame for investor pressure on climate

Investors will soon get the opportunity to tell a big company that its strategy is out of line with stated global climate goals writes Julien Vincent, executive director of Market Forces.

Almost 84 percent of Southeast Asia’s planned and existing fossil fuel power plants are incompatible with future scenarios that avoid catastrophic damage from climate change, according a new study from the University of Oxford. The report, which comes on the heels of a major United Nations-backed study of the impacts of global temperatures rising 1.5 degrees Celsius (2.7 Fahrenheit), is based on analysis of the amount of carbon expected to be emitted over the lifespan of the plants.

Singapore banks need to warm up to renewal energy financing, Opinion - THE BUSINESS TIMES

: THE BUSINESS TIMES Opinion - THE launch in South Korea on Monday of the Intergovernmental Panel on Climate Change (IPCC) report on avoiding runaway global warming hammered home some stark realities about the need to rapidly address climate change.. Read more at The Business Times.

Documents show Australian and South Korean officials discussed financing Adani mega-mine

The revelations will prompt questions over whether the Australian government is promoting the commercial interests of the Indian mining giant.

THE AGE: Super fund alleged to have breached duties over climate change risk

REST faces fresh allegations over its approach to climate change. 

Standard Chartered 'breaching climate policy' with Vietnam coal plant investment

The London-based bank plans to co-finance Nghi Son 2 power plant, which NGOs say uses dirty old technology, against company and OECD guidelines

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...