MEDIA RELEASE Wednesday 13 March: New analysis by Market Forces finds Australia’s top 30 super funds have been reducing their investments in oil and gas producers Woodside and Santos over the past two years, relative to the Australian stock market. The top 30...
Major coal producer New Hope shuts out shareholders calling for wind down
MEDIA RELEASE Thursday, 23 November: Shareholders of New Hope Group are appalled at being shut out of the coal company’s annual general meeting (AGM) and being prevented from asking about how the miner will wind down production in line with global climate goals. More...
New Analysis: Australia’s biggest super funds slash and burn climate action
MEDIA RELEASE Tuesday 31 October, 2023: New analysis by Market Forces reveals Australia’s top 30 superannuation funds have backtracked on their support for climate action at the companies most responsible for expanding fossil fuels worldwide. The research also finds...
New Analysis: Australia’s biggest super fund backs top fossil gas producer
MEDIA RELEASE Tuesday 12 September, 2023: New analysis by Market Forces reveals Australia’s biggest super fund, AustralianSuper, is one of the top five shareholders in the country’s largest oil and gas company, Woodside, increasing to 85 million shares in 2022. The...
Big four banks pour $7.6 billion into fossil fuel expansion
MEDIA RELEASE Tuesday 30 May: A new report by Market Forces reveals Australia’s big four banks have used smoke and mirrors to continue pouring billions of dollars into fossil fuel expansion. The report - Banking Climate Failure - finds ANZ, Commonwealth Bank of...
Super funds invest $34 billion in fossil fuel expansion
MEDIA RELEASE Sunday 7 May, 2023: A new report by Market Forces reveals Australia’s 30 biggest super funds increased their investment exposure to Australian and international companies most responsible for expanding fossil fuels in 2022 to a total of more than AU$34...
Traditional Owners and members lodge human rights complaints against top 20 Super funds requesting they reject Santos gas projects
MEDIA RELEASE Wednesday 26 April: Traditional Owners of three First Nations across Australia along with superannuation fund members have lodged human rights complaints against the top 20 Australian super funds over hundreds of millions of dollars of members’ money...
Australia’s five biggest super funds failing on key climate promises
MEDIA RELEASE Wednesday 15 March, 2023: A new report by Market Forces finds Australia’s five biggest super funds are greenwashing and exposing themselves to legal risk by failing to effectively engage with companies expanding fossil fuels. Managing more than $1...
Santos shareholders urged to vote against remuneration report on climate grounds
MEDIA RELEASE Thursday 9 March: In an Australian first, a formal statement has been filed on behalf of over 100 shareholders, urging all investors to vote against Santos’ remuneration report on climate risk grounds. Will van de Pol, Acting Executive Director,...
Fake dead dolphins delivered to big four banks over Santos oil disaster
MEDIA RELEASE Thursday 23 February 2023: The big four Australian banks - ANZ, Commonwealth Bank, NAB and Westpac - have received a special delivery of ‘dead’ inflatable dolphins for financing oil and gas giant Santos, which allegedly killed marine life in a major oil...