15 December 2021 Westpac shareholders are today gathering at the company’s virtual annual general meeting (AGM), where they’ll hold the bank to account for all manner of issues, key among which is Westpac’s continued heavy financing for dirty fossil fuels. In fact, Market Forces supported shareholders to lodge a resolution … Read More
Spread the word about Westpac’s dirty fossil fuel funding
15 December 2021 Westpac shareholders are today gathering at the company’s virtual annual general meeting (AGM), where they’ll hold the bank to account for all manner of issues, key among which is Westpac’s continued heavy financing for dirty fossil fuels. In fact, Market Forces supported shareholders to lodge a resolution … Read More
AustralianSuper members, this is your chance to make an impact at a global scale
2 December 2021 Meet Dylan, an AustralianSuper member who is taking action to ensure the super fund giant is doing all it can to properly manage the risks climate change poses to members’ retirement savings. Supported by the team at Equity Generation Lawyers, Dylan is writing to AustralianSuper asking for … Read More
2021 HESTA Annual Member Meeting: The fund avoids climate scrutiny at all costs
1 December 2021 Executives and board members of super fund HESTA failed to address members’ concerns about the fund’s investments in companies expanding oil and gas production at its annual member meeting yesterday evening. A group of members calling themselves the ‘HESTA 10’—who have been engaging with HESTA over the … Read More
ANZ fails to rule out funding fossil fuel expansion amidst climate crisis
26 November 2021 ANZ, a bank purportedly committed to net-zero emissions by 2050, today released an updated climate policy that does nothing to prevent it from funding new climate-wrecking oil and gas projects and the companies pursuing them. The policy update comes just months after the International Energy Agency (IEA) … Read More
Adani Ports kicked off MSCI indices due to Carmichael coal link
26 November 2021 Finance research and ratings company MSCI wrote to its clients on Tuesday informing them that Adani Ports and Special Economic Zone (Adani Ports, also referred to as APSEZ) is about to be kicked off four MSCI climate indices, after its links to the Carmichael thermal coal project … Read More
Super fund ‘engagement’ fails to stop Woodside and BHP pressing go on Scarborough carbon bomb
23 November 2021 Late yesterday, oil and gas giant Woodside announced it had made a final investment decision to go ahead with its climate-wrecking Scarborough gas project, which includes a huge new offshore gas field (Scarborough) and a new onshore gas processing plant (Pluto 2). BHP, which currently owns 26.5% … Read More
Two more insurers reject Adani’s coal project, while Convex attempts to censor criticism
22 November 2021 Two major London insurers, RSA Insurance Group and Conduit Re, have ruled out underwriting Adani’s controversial Carmichael coal project in Australia. In an email to Market Forces, RSA stated: “Our underwriters follow our Climate Change and Low Carbon Policy, which means we would not provide cover to … Read More
Adani’s first coal train stopped in its tracks. Let’s make it permanent.
16 November 2021 A train carrying coal from Adani’s Carmichael mine is headed to Abbot Point/NQXT port so it can be exported to India and used to pollute people’s lungs a quarter of the way around the world while fueling the climate crisis. We know because it was spotted yesterday, broken … Read More
Whitehaven Coal AGM 2021: Board keeps its head in the sand over net zero by 2050
27 October 2021 Whitehaven Coal faced sustained pressure from shareholders at its AGM today over the future of its coal business in a scenario where the world reaches net zero emissions by 2050. Shareholders grilled Whitehaven’s board over the company’s planned coal projects and their incompatibility with the global effort … Read More