3 March 2016 A new report by the Australian Business Roundtable has found that the economic impact of natural disasters in Australia is expected to balloon in the next decade. At the moment, natural disasters in Australia do $9 billion of economic damage per year, set increase to an average … Read More
VicSuper: Protect ALL Members From Climate Change Risks
22 February 2016 We have heard from some of their members that VicSuper are currently considering how they treat the issue of climate change, and the myriad of financial and moral issues wrapped up in it. After seeing a host of other funds mistakenly “tackle” this issue by screening out … Read More
The polluting power of political donations
1 February 2016 Federal Treasury on Friday published the 2015 Tax Expenditure Statement (TES), which details the cost of all the various tax-based subsidies under current policy. It’s by no means a riveting read, and we wouldn’t recommend you trawl through it yourself. Instead, we’ve put in the hard yards … Read More
Time to tell Australia’s insurers to ditch coal
28 January 2016 Around the world, pressure is building on the insurance industry to divest from fossil fuels, while back home we are ramping up our campaign to stop Australia’s major insurers shooting themselves in the foot by investing in climate change’s drivers. In the latest international development, California’s Insurance Commissioner on … Read More
Our achievements and highlights of 2015
2015 was a monumental year for campaigning to get finance and investment away from fossil fuels. Check out some of our wins and highlights of the year!
Did Vision Super divest on the quiet?
15 December 2015 Early last week, Vision Super posted a press release on their website announcing their commitment to sustainable investment. Vision Super also updated their website, adding a page dedicated to “Sustainable Super” and the calming image of a wind farm on its home page. This was followed by … Read More
The cost of HESTA’s half-arsed divestment? $165 million
26 November 2015 HESTA is an industry super fund for health and community services workers, managing around $32 billion for 800,000 odd members. In September last year, HESTA made a welcome announcement restricting future thermal coal investments across its portfolios. But the divestment was limited to just a fraction of … Read More
Australia reluctantly agrees to OECD coal finance restrictions
18 November 2015 Finance ministers from the OECD group of wealthy nations have reached an agreement to stop financing the highest polluting new coal power plants. Originally proposed by Japan and the US, the deal ensures that all new coal plants will only eligible for OECD government finance if they … Read More
New report puts the spotlight back on fossil fuel subsidies
12 November 2015 The huge ongoing problem of governments around the world pumping hundreds of billions of dollars into fossil fuel production has been brought back into the spotlight by a new report published by US-based Oil Change International and the UK’s Overseas Development Institute. Titled Empty promises: G20 subsidies to … Read More