Australia must shift public finance away from fossil fuels: groups target Export Finance Australia’s board
Release Date: 05 May 2022
Sixteen organisations including Jubilee Australia, Oxfam, the Australia Institute and the Australian Conservation Foundation have sent a joint letter to the board of Export Finance Australia calling on them to direct the government agency to stop financing coal, oil and gas industries.
Tiwi, Larrakia Traditional Owners take South Korean Government to court to stop offshore gas project
Release Date: 23 Mar 2022
Tiwi Islander and Larrakia Traditional Owners are taking the South Korean government’s export credit agencies to court to prevent them from financing Santos and SK E&S’ dirty offshore Barossa gas project.
Release Date: 04 Nov 2021
In a briefing paper outlining PNG’s progress towards its climate targets, the Nogat Coal alliance ‒ made up of PNG’s Nogat Coal and the Center for Environmental Law and Community Rights, and Jubilee Australia Research Centre ‒ acknowledged the country's strong stance on climate action but urged the government to back its goals with concrete steps to achieve them.
Australian Government blocks climate action, helps foreign governments exploit Australian fossil fuels
Release Date: 04 Nov 2021
Over the past decade, public financial institutions overseas have pumped $AUD36.7 billion into Australian fossil fuel projects, according to a paper published by Jubilee Australia Research Centre, the Australian Conservation Foundation, South Korea’s Solutions for Our Climate and the Japan Centre for a Sustainable Environment and Society. The report shows how the Australian Government has blocked international efforts to limit fossil fuel financing, while over the last decade it has facilitated foreign bankrolling of the Australian fossil fuel industry to the tune of $AUD36.7 billion.
Civil society raises alarm amid reports Australia pushing Asian Development Bank to keep funding fossil fuels
Release Date: 06 Oct 2021
35 civil society organisations, including Jubilee Australia and ActionAid Australia, have written an open letter to the Australian Government urging it to support the ADB’s transition away from financing and supporting fossil fuel projects to align with the goals of the Paris Agreement.
Release Date: 13 Aug 2021
PNG’s Deputy Prime Minister Sam Basil from Morobe Province is one of the strongest supporters of coal in PNG. In June of this year, he made a speech where he defended his support of coal-fired power for PNG. His speech was riddled with claims that do not stack up. In this blog post, we challenge them.
Release Date: 15 Sep 2021
Across the Pacific region, the large-scale extraction of natural resources – including timber, minerals, oil and gas - is often presented as the clearest pathway towards economic development and improved wellbeing for citizens. However, extractive operations have repeatedly failed to deliver the improved livelihoods they promised and have been accompanied by dispossession, environmental destruction, abuses of human rights and offshoring of profits.
Release Date: 09 Jul 2021
Melbourne, July 9th - Rio Tinto and Mayur Resources were awarded the Corporate Cane Toad Award for their roles in contributing to environmental destruction and/or human rights violations worldwide. The winners were announced at a ceremony in Melbourne after a month of public voting in which over 1,000 people voted for the six companies nominated.
Lenders of last resort? Australia poised to use public money to help coal, oil and gas as private lenders flee
Release Date: 06 Jul 2021
A new report by Jubilee Australia has found that Australia’s export credit agency has given around 80 times more financing to fossil fuels than it is to renewables. And that trend could continue, as Trade Minister Tehan on 24 June announced forthcoming changes to legislation which could give EFA even more ways to finance fossil fuel projects. Between 2009 and 2020, Export Finance Australia (EFA) provided financing of up to $1.69 billion to coal, oil and gas but only $20 million to renewables.
Release Date: 27 May 2021
Today, the Australian Youth Climate Coalition, in conjunction with the Environment Centre NT and Jubilee Australia Research Centre organised a protest outside the Korean embassy calling on Korea to stop funding fossil fuel projects in Australia. Korean public financial institutions have provided more than AUD4 billion to gas projects in Australia over the last decade.
Release Date: 12 May 2021
The Barossa Project is a new large scale and high risk gas project that will draw gas from an offshore field located in pristine marine waters 100km north of the Tiwi Islands. Jubilee Australia spoke at a webinar, organised by Environment Centre NT, on the role of export credit agencies in financing this project and what civil society is doing to oppose this.
Release Date: 22 Apr 2021
A group of Australian Civil Society (CSOs) sent an open letter to Minister Dan Tehan yesterday, calling for Australia to join governments worldwide who are moving away from using export finance to fund fossil fuel projects.
Public Statement by CSOs on the Launch of the Export Finance for Future: Export Finance Leadership Coalition Fails to Lead
Release Date: 16 Apr 2021
On 14 April 2021, governments from Europe and the UK launched the Export Finance for Future (E3F) coalition. We, the undersigned civil society organisations from around the world, welcome this as a step in the right direction. Nonetheless, we urge these self-proclaimed leaders to show a higher level of ambition. The principles committed to by this coalition fail to adequately address export finance for fossil fuels and, as such, fail to address the urgency of the climate crisis.
Environmental, Research and Policy Groups Sound Alarm on Announcement About Santos’ Barossa Gas Field
Release Date: 30 Mar 2021
The Jubilee Australia Research Centre, the Australia Institute, and the Environment Centre NT have sounded the alarm about Santos’ announcement that a final investment decision has been made on its high risk and dirty Barossa project.
Release Date: 01 Feb 2021
Check out this session hosted by Jubilee Australia on Civil Society and Human Rights Defenders in the Pacific in the very first UN Pacific Forum on Business and Human Rights! You will hear from human rights defenders about the challenges they face and we will discuss how we can create a safer environment for human rights defenders.
Release Date: 15 Oct 2020
This week, as the IMF and the World Bank hold their Annual Meetings, Jubilee has released a new research paper about the World Bank’s response to the COVID pandemic. The World Bank’s Response to COVID-19 is the first in a new Occasional Paper Series by Jubilee Australia.
Doesn’t Stack Up: Australian Energy Company Accused of Spruiking Unnecessary Coal Power Project in PNG
Release Date: 22 Sep 2020
A new report from CELCOR (Centre for Environmental Law and Community Rights Inc) and the Jubilee Australia Research Centre has raised significant concerns about a proposal from an ASX listed Australian energy company, Mayur Resources, to build the Pacific’s first coal-fired power station in Papua New Guinea,