As global temperatures rise and climate-fuelled disasters are impacting communities from Austria to Appalachia, it is becoming increasingly difficult to understand the rationale for remaining invested in companies aggressively expanding coal production, such as...
Matt Tomkins
Breaking: CommBank formally walks away from climate wrecking clients
While ANZ, NAB and Westpac gear up to loan hundreds of millions more to one of Australia’s most notorious climate wreckers Australia’s largest bank, the Commonwealth Bank of Australia, made a huge announcement this morning, declaring it has made the decision to...
HESTA member submits legal request for information after fund’s ineffective efforts to push for change at Woodside
A HESTA member has today increased pressure on her super fund for failing to demand an end to Woodside’s climate-wrecking gas expansion plans. Long-term HESTA member, multidisciplinary artist and musician Tash Parker has submitted a legal request for information to...
Macquarie’s oil and gas lending brings its net zero commitments under fire
Macquarie, Australia’s fifth largest bank, faced questioning from Market Forces over inconsistencies between its oil and gas investments and its commitment to net zero emissions by 2050 at its 2024 Annual General Meeting in Sydney. As a Net Zero Banking Alliance...
Big four Australian banks pour $3.6 billion into fossil fuels in 2023
MEDIA RELEASE Tuesday 16 July: A new report by Market Forces reveals Australia’s big four banks have poured more than AU$61 billion into fossil fuels since the global agreement to limit climate change was adopted in Paris over eight years ago. The analysis finds ANZ,...
Asia’s corporate giants face climate responsibility perfect storm
OPINION | Dr Sachiko Suzuki, Asia Climate and Energy Analyst at Market Forces Dr Suzuki is a sustainable finance expert and has previously worked for the Japan International Cooperation Agency (JICA), posted in South East Asia. Companies in Asia have been getting away...
Could major super funds already divested from Whitehaven Coal start getting back in?
Our new analysis has found that some of Australia’s largest super funds could re-invest their members’ retirement savings in Whitehaven Coal, after having already excluded this climate wrecker through policy.
Global investors want more climate action from Japan’s megabanks
OPINION | Will van de Pol, CEO at Market Forces Japan's big banks have a big problem. Like climate change, it will get much worse unless it is addressed quickly. The megabanks are lagging behind when it comes to playing their part in the critical transition to clean...
International banks no longer involved with Santos’ Barossa gas project
News just broke that BNP Paribas and The Export-Import Bank of Korea, two major international banks, are no longer involved in the financing of Santos’ Barossa gas project. Tell Australian, Japanese, and other international banks to cut ties with Santos. It was...
APA Group: don’t light the fuse on the Beetaloo carbon bomb
APA Group is Australia’s largest gas pipeline operator. The company is planning to construct several pipelines to support extensive fracking in the Beetaloo Basin by Empire Energy and Tamboran Resources.