First six banks sign Paris Pledge to avoid finance for coal
Ethical banks from Bolivia, Germany, Netherlands, Sweden and the United States become the first in industry-wide push
By BankTrack | Sep 03, 2015 | Nijmegen

With three months to go before the start of the United Nations Climate Change Conference in Paris (COP 21), six banks have become the first to sign the Paris Pledge to avoid financing the coal industry, including coal mining and power.
The banks are ASN Bank from the Netherlands; Banco Fie from Bolivia; Ekobanken from Sweden; New Resource Bank from… read more >> | share >>

Major UK bank ditches giant coal mine threatening Great Barrier Reef
By Greenpeace | Aug 10, 2015 | London

A major UK bank has announced today it is pulling out of one of the world's most controversial coal developments following an international campaign by Greenpeace and others.
UK-based international bank Standard Chartered has become the second financial institutional in the space of just a few days to walk away from the proposed Carmichael mega… read more >> | share >>

No excuse: How Australia’s big four banks can better respond to land grabs
By Oxfam Australia | Aug 07, 2015 |

There's no excuse for a failure to act on land grabs.

Since Oxfam revealed the links between Australia's biggest banks and companies implicated in agriculture land grabbing in emerging markets, Westpac and National Australia Bank have both moved to improve their record, while ANZ and Commonwealth Bank have totally failed to clean up their act.

But, so… read more >> | share >>

Commonwealth pulls out of Carmichael mega-mine
By Market Forces | Aug 06, 2015 |

After months of sustained community pressure, Commonwealth Bank has ended its role as advisor to Adani's Carmichael coal project. Fairfax last night reported that the bank cited environmental factors and financial risks as the reasons for breaking ties with the project.

read more >> | share >>

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