Tuesday 11 February: New Market Forces analysis finds 10 retail banks in Australia committed AU $74.4 billion in finance to fossil fuel companies around the world in 2023. The new report - The Dirty Ten: Banks in Australia still backing fossil fuels - also finds that...
Manny Perez
Japan’s biggest trading companies delay clean energy by pushing gas
January 29 (Wed), 2025: New Market Forces analysis finds that Japan's seven largest trading companies and JERA, Japan's largest power company, are planning eight Giga Watts (GW) of gas-fired power generation projects across Asia, undermining the transition to clean...
ANZ – Bank AGM Season 2024
ANZ held its 2024 AGM in Melbourne on the 19th of December.
27.2% of ANZ shareholder votes were cast in favour of a Market Forces resolution calling for the bank to stop financing fossil fuel companies without Paris-aligned transition plans.
Westpac – Bank AGM Season 2024
Westpac held its 2024 AGM in Sydney on the 13th of December, and faced significant shareholder backlash for its failure to bring its fossil fuel finance policy in line with its commitments to the Paris Agreement.
NAB – Bank AGM Season 2024
At its 2024 AGM in Melbourne, NAB Chair Philip Chronican indicated that the bank will stop providing finance to fossil fuel extraction companies with expansion plans this year.
Scientists call on ANZ to listen to science and stop banking new fossil fuels
Thursday 19 December: Climate change scientists have backed hundreds of shareholders demanding ANZ and all big four Australian banks meet their climate commitments by ending finance for companies developing new and expanded fossil fuel projects. The calls by...
Farmers join shareholders to demand NAB ends finance for new fossil fuels
Wednesday 18 December: Farmers across Australia have joined hundreds of shareholders calling on NAB and all big four Australian banks to end finance for companies expanding coal, oil and gas production. The calls by farmers come as NAB - which calls itself the...
Emergency Leaders, shareholders call on big four banks to end finance for new fossil fuels
Friday 13 December: Emergency Leaders have joined bushfire survivors and hundreds of shareholders calling on the big four Australian banks to end finance for companies expanding coal, oil and gas production. The calls by Emergency Leaders for Climate Action come as...
ANZ, NAB and Westpac still have no clear plan to stop financing fossil fuel expansion
ANZ, NAB and Westpac all released their annual Climate Reports last month, with mostly disappointing results. The key takeaway is that the door is still open for fossil fuel companies to keep receiving more finance for their climate destroying expansion plans. Take...
Top super funds greenwashing by backing gas expansion
Monday 2 December: New Market Forces analysis reveals most top Australian super funds are greenwashing and failing to use their influence to drive greater climate action at major gas companies. The analysis of the top 30 super funds’ voting disclosures finds that only...