The giant stirs. First State Super to divest thermal coal mining

9 July 2020 First State Super today released its new Climate Change Adaptation Plan, with the headlines being that Australia’s second biggest superannuation fund would finally start to divest from thermal coal mining companies from October, and would set targets to reduce the emissions from its portfolios. The commitment to … Read More

Black Lives Matter

On 25 May 2020, African-American man George Floyd was killed by a white police officer who knelt on his neck for nearly nine minutes. The officer’s knee remained on Mr Floyd’s neck long after he had lost consciousness, long after his life had slipped away, and long after emergency responders … Read More

Media release: Rio faces shareholder revolt over emissions targets

Friday 8 May, 2020: 37% of investors have backed a climate resolution calling on Rio Tinto to set clear targets to cut emissions, including those generated by the-use of its products, or “Scope 3” emissions. While lower than record numbers at Santos and Woodside, the vote is more than six … Read More

Media release: Westpac quits thermal coal by 2030

Monday 4 May, 2020: Westpac’s Climate Change Action Plan Update, released today, has been described as another nail in the coffin of thermal coal, by environment finance group, Market Forces. The policy commits the bank to being out of thermal coal mining by 2030, while the emissions-intensity target set for … Read More

Responding to COVID-19

16 March 2020 Market Forces, like the rest of the world, is changing the way we operate in order to help limit the spread of COVID-19. We are trying to stay ahead of government and health authority directives and are taking steps that do this while allowing our advocacy work, … Read More

Adani looking for Abbot Point investors

12 March 2020 Adani is asking investors to back the Abbot Point coal export terminal for the next seven years through a new bond. With take-or-pay contract protection now largely expired, whoever invests is placing a massive bet about the Carmichael coal project going ahead, but some key aspects of … Read More

Siemens chooses Adani over a safe climate

Siemens has turned its back on the tens of thousands of people who have implored the company to walk away from the Adani Carmichael coal export project. In a statement, Siemens CEO Joe Kaeser restated his company’s support for the Adani Carmichael project, a mine that would open up a … Read More