12 September 2015 So First State Super has joined the divestment party, albeit turning up with warm VB rather than the ice cold microbrew we were hoping for. On Wednesday evening, the fund advised its members that it would be divesting from fossil fuels in its...
Blog
Commbank biggest lender to coal and gas in the Reef
16 May 2015 A lot has changed in the two years since we released our Financing Reef Destruction report, which identified Australia's big four banks as the leading financiers of fossil fuel projects within the Great Barrier Reef World Heritage Area. Some changes have...
Downer’s shares jump on false figures
14 May 2014 Market Forces, represented by lawyers at Environmental Justice Australia, has submitted a complaint to the Australian Stock Exchange (ASX) in response to an allegedly misleading disclosure published by Downer EDI in December last year. Downer had announced...
ANZ heralds end of mining, so why are they still lending to coal?
6 May 2015 ANZ chief executive Mike Smith yesterday warned investors and the wider Australian public that the country must move on from the resources boom. Echoing the widespread expectation that commodities prices will not recover to anywhere near their former lofty...
Domenica moves her home loan
In March 2015 Domenica got in touch with Market Forces with the great news that she had finalised switching her $385,000 home loan from NAB to bankmecu. She had been a home loan customer of NAB for nearly 5 years when she found out the extent to which NAB has been...
Our application to the Westpac Community Leaders Awards
16 August 2014 Westpac recently put a call-out to ask for applications to their Community Leader Awards. We couldn't resist putting in an application! We applied to the Westpac Community Leaders Awards because we believe that Westpac need all the help they can get to...
Making your finances fossil free
4 June 2014 Are your personal finances helping to damage the climate? Chances are they are, without you even knowing it. Do you have a bank deposit? Are you a member of a super fund? Do you own shares? If so, your money is probably being used to finance the companies...
Making your finances fossil free
On 29 May and 3 June 2014, Market Forces, in conjunction with 350.org and the Australia Institute, ran forums in Sydney and Melbourne to release a new report examining how individuals can make their personal finances fossil free. A summary of the report's main...
What I did on my “holiday”: European banks won’t fund Abbot Point
27 May 2014 I’m on my way back to Australia and taking stock after a whirlwind tour of France, Germany and the UK, where three major banks were targeted and called on to not fund the Abbot Point coal port expansion in the Great Barrier Reef. I can’t deny that the last...
Why Josh left Commbank: fossil fuels
Letter from Josh Wyndham-Kidd to Commonwealth Bank: I am writing to let you know why I decided to close my account with the Commonwealth. I have been with your bank since I opened my first Dollarmites savings account in early primary school. I remember the excitement...