Melbourne, 31 May 2013 A new interactive map has been published that identifies ANZ as the commercial bank lending most heavily to coal and gas export projects along Australia’s Eastern seaboard, including in the Great Barrier Reef World Heritage Area. The map, by Market Forces in partnership with 350.org, allows … Read More
Market Forces 2013 budget response
Melbourne, 14 May 2013 Responding to the 2013 Federal Budget announcement, Market Forces Lead Campaigner Julien Vincent said: “When it came to the major opportunities for boosting the budget by cancelling polluter handouts, the Government has again cowered to the lobbying and pressure of big mining at the expense of … Read More
ANZ awarded Australia’s biggest lender to Great Barrier Reef-destroying coal and gas
Brisbane, 2 May 2013 Activists have rebranded an ANZ branch in Brisbane’s CBD, awarding it “Australia’s #1 lender to dirty coal and gas projects in the Great Barrier Reef”. The action comes as a new Market Forces / 350.org report: Financing Reef Destruction: How Banks are using our Money to … Read More
Financing Reef Destruction
Our report, Financing Reef Destruction, describes the threats faced by the Great Barrier Reef as a result of expanding coal and gas exports, and expose which banks have been most actively funding coal and gas export projects inside the World Heritage Site. Click the cover image to view the report. … Read More
Coal and gas concerns could shift $247 billion in super funds
Melbourne / Canberra, 11 March 2013 Polling has revealed that a quarter of superannuation fund members – representing $247 billion in pooled funds – would be prepared to move change superannuation funds if their current provider is found to be invested in coal and coal seam gas. The poll, conducted … Read More
Adani group fails to disclose significant material risk
Melbourne, 11 March 2013 Market Forces has today alerted the Securities and Information Exchange Board of India to a significant material risk to the Adani Group, which the company has failed to disclose to the market. Coal from Adani Group’s proposed $7.1 billion, 60 megatonne per annum Carmichael coal mine … Read More
Queensland leads public opposition to mining industry fuel subsidy
Melbourne, 24 January 2013 A nationwide survey has revealed strong opposition amongst Australians to fossil fuel subsidies. The poll, commissioned by new finance campaigning organisation Market Forces, comes alongside a new assessment showing federal subsidies to fossil fuels increasing by billions in the next few years. Currently, through the Fuel … Read More