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Aug 24, 2022 • 5 tweets • 2 min read
We've worked with @WhitehavenCoal shareholders to file a resolution, calling on the coal mining giant to wind down its production in line with global climate goals marketforces.org.au/shareholders-d…
Is Whitehaven starting to respond to these shareholder demands to cancel expansion projects and return capital? This morning's results commentary suggests far less commitment to planned new coal mines than previous statements, with plans for more share buybacks
Apr 28, 2022 • 8 tweets • 6 min read
Overnight we published this ad about @DeutscheBank’s #coal funding in @DIEZEIT, one of Germany’s most read newspapers. Deutsche Bank must not arrange finance for Whitehaven Coal, a company that is planning THREE new or expanded coal mines. #Thread 🧵
Deutsche Bank claims to support the #ParisAgreement and #NetZero2050. Last year the @IEA concluded that #NetZero2050 means “no new coal mines or mine extensions”. More recently, the @IPCC warned yet again that limiting global warming to 1.5ºC means urgently phasing out coal.
Jul 13, 2021 • 6 tweets • 6 min read
[thread] We are seeing a lot of #greenwash from Adani Group lately, so we dug through its corporate reporting to get the full picture regarding its #coal, #oilgas ambitions. The results were alarming.
Despite #renewables being cheaper than coal in India there's this👇#StopAdani
Adani Group not only plans to increase coal burning, it is also planning a major increase in thermal #coal mining. Both in #Australia and #India.
Two weeks ago, 37 orgs coordinated by Market Forces successfully convinced @SPGlobal to review the concerning inclusion of @Adaniports in its @DowJones Sustainability Index.
reuters.com/article/idUSKB…
The case for review is based on Adani's links to the #Myanmar military, expansion of thermal coal mining and enviro damage at its port sites.
The review is ongoing with no decision date revealed by @SPDJIndices. Full case via link:
abc.net.au/news/2021-03-3…
Documents show Adani Ports is paying up to $US52 million to the #Myanmar military via the development of a container port in Yangon.
The same military that has killed and is still killing hundreds of innocent people protesting its 1 Feb coup.