Join our Melbourne campaign team, 6 March

Market Forces is gearing up for a big 2017 and you can be a part of it! Join our Melbourne volunteer team at our upcoming meeting, meet like-minded people and find out how you can help turn off the flow of money to dirty coal, oil and gas projects. We’ll … Read More

Media Release: HCF Becomes First Health Insurer to Dump Fossil Fuels

Melbourne, 10 February 2017 Finance campaign group Market Forces is welcoming the announcement that private health fund HCF will divest from all fossil fuels in the first quarter of this year. Representing over 680,000 Australians and responsible for $2 billion of assets, HCF holds more than $200 million in equities, … Read More

HCF becomes Australia’s first health fund to divest fossil fuels!

HCF – the private health fund for over 680,000 Australians and responsible for $2 billion of assets – has confirmed that it is divesting from fossil fuels! This is an Australian first for a health insurance fund and what makes HCF’s announcement all the more important is the fund’s recognition … Read More

Westpac’s marketing made a little bit more honest

After years of heavy lending to new fossil fuel projects, and being the only “big four” bank to have failed to distance itself from the proposed Adani Carmichael mega coal mine, we decided it was about time the bank’s marketing caught up with the reality of their fossil fuel lending. … Read More

Shareholders revolt over ANZ’s climate destruction

Update: 10 am, Saturday 17 December In news breaking this morning, ANZ’s CEO Shayne Elliott told media after the AGM that ANZ’s coal mining exposure was shrinking and he didn’t see a reversal of that trend, effectively ruling out funding for the Adani Carmichael project! Massive! @ANZ_AU CEO Shayne Elliott … Read More

Westpac tests the patience of ethical investors

Westpac’s ‘clean and green’ image was shattered today at their Annual General Meeting (AGM) in Adelaide. It started outside the venue where a group of young people presented Westpac with a ‘climate hypocrite’ award for their bankrolling of dirty fossil fuel projects. The world famous fish ‘Nemo’ also attended to … Read More

Karoon Gas: Reducing our emissions would be a pointless gesture

Karoon Gas held its AGM in Melbourne yesterday, and confirmed it’s business as usual for the oil and gas explorer, despite its stated support for the Paris Agreement to limit global warming to 2°C above pre-industrial temperatures. The company’s responses to shareholder questions around climate risk, potentially stranded assets and its … Read More

Stanmore Coal: Failing to plan or planning to fail?

Stanmore Coal owns and operates nine coal mining projects in Queensland, including open cut and underground mines, as well as a number of projects in development. Like most pure play fossil fuel companies, Stanmore is in denial about the future of coal in the wake of the Paris Agreement. If the … Read More

IOOF deflect on climate risk

How to Switch Banks and Make it Count

IOOF is an investment management and financial services company listed in the ASX 100, administering over $130 billion on behalf of its clients. The company offers retail superannuation products, which currently boast almost half a million members. Despite very limited disclosure of portfolio holdings, we know IOOF invests its members’ retirement savings … Read More