19 September 2019 AGL shareholders today sent a strong message to Australia's biggest climate polluter, with more than 30% voting in favour of a resolution demanding the company reduce emissions in line with the Paris climate goals. Only twice before has a climate...
Feature
Our super funds can help sway climate-change targets
AGL plans to operate its dirty Loy Yang coal power station until 2048 Credit: Environment Victoria 18 September 2019 Market Forces in the Media: Op-ed in the Sydney Morning Herald by Julien Vincent, Executive Director, Market Forces It was one of the loudest signals...
Tip-off reveals AIG is Adani’s insurer
16 September 2019 A tip-off from a staff member has revealed that US-based AIG is providing insurance for Adani’s preliminary works at the Carmichael coal mine site, and for Directors and Officers liability. Adani’s insurance policies are due to expire on 30 September...
Over 100,000 people call on AIG to #StopAdani
29 August 2019 A petition with over 135,000 signatures from all over the world was handed to AIG at its Australia headquarters in Sydney today, calling on the company to rule out insuring the disastrous Adani Carmichael coal project. Action outside AIG's Sydney...
Westpac and HSBC violate their coal policies to fund Adani Carmichael
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Media release: AGL management rejects climate resolution
8 August 2019 AGL plans to operate its dirty Loy Yang coal power station until 2048 - Credit: Environment Victoria AGL’s management today advised shareholders to reject a resolution calling on the company, Australia’s largest greenhouse gas emitter, to reduce...
Analysis: CBA 2019 policy update
Win! Commbank out of thermal coal by 2030!
7 August 2019 Great news! Commonwealth Bank has become the first in Australia to signal an end to thermal coal exposure! In its latest policy update, the bank has said it will: continue to reduce its thermal coal mining and coal-fired power generation exposures with a...
Suncorp and QBE abandon coal but are still undermining Paris Agreement
Volunteers outside QBE's head office in Sydney, 2018 1 August 2019 The insurance sector globally is waking up to the fact that if it wants to avoid the growing impact on its profits caused by the climate crisis, it needs to stop providing insurance to and investing in...
Market Forces’ take on BHP’s latest climate commitments
31 July 2019 Last week, BHP Billiton CEO Andrew Mackenzie made a speech in London that grabbed global headlines for two main reasons: The language he used made it clear that, even if BHP has a long way to go on addressing climate risk, there’s no doubt that the...