Activists this morning gave QBE’s headquarters a colourful new rebranding, illustrating how the insurance company was making climate change possible through its underwriting of major fossil fuel projects.
Tough questions asked at Woodside AGM
22 April 2016 Woodside Petroleum's annual general meeting in Perth yesterday saw Chairman Michael Chaney and CEO Peter Coleman face questions over political donations and corruption, as well as how their business model - grabbing fossil fuels out of the ground for...
Help us get these local heroes to the Rio Tinto AGM
21 April 2016 Meet Rob and Annemaree McLaughlin. They’re from Bulga, a small town in the Hunter Valley that has for years had to live with Rio Tinto’s massive Mt Thorley Warkworth coal mine. Despite all we know about the damage coal is causing to the environment,...
AustralianSuper makes a start on fossil fuel divestment
This article first appeared on RenewEconomy, 15 April 2016 Australia’s largest superannuation fund - AustralianSuper - has announced that, from next month, it will offer its members an option that will restrict investments in companies with fossil fuel reserves. The...
Media Release: Australia’s biggest super fund rejects fossil fuels
Melbourne, Friday 15 April 2016 Market Forces is today welcoming the announcement by AustralianSuper – Australia’s largest super fund – to create a new sustainable investment option which excludes companies with fossil fuel reserves. However, the financial activist...
Media Release: Peabody bankruptcy a cautionary tale for Australian investors
Melbourne, Wednesday 13 April 2016 Today’s long-expected bankruptcy announcement by Peabody should serve a cautionary tale to Australian investors still holding fossil fuel stocks, according to financial activist group Market Forces. “Australian investors who held...
How could the Future Fund finance Carmichael coal?
This briefing originally appeared on RenewEconomy, 30 March 2016 Could Australia's sovereign wealth fund be the key source of finance that enables Adani’s Carmichael mega coal mine in the Galilee Basin? News has emerged that India's Finance Minister, Arun Jaitley,...
Media Release: Reports Future Fund viewed as ‘soft touch’ for Adani Funding
Malcolm Turnbull should rule out Adani subsidy Melbourne, Tuesday 29 March 2016 Financial activist group Market Forces is calling on the Turnbull Government to clarify whether Australia’s sovereign wealth fund – the Future Fund – will be used to subsidise the...
Calling all shareholders: Can you help this AGM season?
22 March 2016 The next couple of months ushers in one of the busiest periods on the corporate calendar, including the Annual General Meetings (AGMs) of some important players in the fossil fuel industry. AGMs provide a great opportunity for shareholders to interact...
Traditional owners reject Adani’s Carmichael mine for a third time
21 March 2016 The Wangan and Jagalingou Family Council (W&J) - traditional owners of the proposed site of the Carmichael coal mine - on the weekend voted to reject a land use agreement with mine proponents Adani. This was the third time W&J traditional owners...