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In October, Whitehaven Coal had its AGM, announcing the company’s executives will be remunerated as they announce the expansion of coal projects across Australia. The announcement caused dismay across shareholders, who said it’s not in their best interests to support the expansion of coal projects. Analysis by Market Forces shows if the projects move forward, …
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A new report by Market Forces a non-for-profit climate group reveals, Australia’s big four banks have collectively financed over $61 billion into fossil fuel projects since the Paris Agreement, despite their public commitments to climate goals. In 2023 alone, these banks loaned $3.6 billion to fossil fuel companies, including $2.5 billion to those expanding coal, …
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The Big Four Banks continue in the spotlight, with a new report from Market Forces showing they continue to fund fossil fuel projects. The report called ‘Banking Climate Failures’ demonstrates banks are funding more than $7bn in fossil fuel projects, and they’re using loopholes to do it. Image: Image courtesy of Marcin-jozwiak YGPCYETKF Produced By: …
Many groups continue to pressure Santos to stop developing new fossil fuel projects. CEO Kevin Gallagher – on a salary of $11 million per year plus bonuses – told the press that activists “have been very effective at creating a level of discomfort for governments to be seen to be supporting energy companies”. Pressure from campaigners …