9 July 2015 For years, Australia has harboured dreams of being a big player in the liquefied natural gas (LNG) industry. Former Energy and Resources Minister (and now, conveniently, Chairman of the Australian Petroleum Production & Exploration Association Advisory...
Fossil Fuels
Revealed: billions loaned to fossil fuels by the big banks
18 June 2015 Since 2008, Australia's big four banks (ANZ, Commonwealth, NAB and Westpac) have loaned $36.7 billion to the fossil fuel industry in Australia, and were involved in three-quarters of all deals to fossil fuel projects and companies over the same time...
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...
Divestment Day live Oct 2014!
On the 17th and 18th of October, hundreds of Australians will be turning out to close their accounts in protest of the big banks' role in funding dirty coal and gas projects. We'll be tracking events around Australia right here on the live blog so stay tuned! Share on...
The growth of divestment
29 June 2014 This week, the number of people who have put their bank "on notice" (warning that they'll switch banks unless loans to fossil fuel projects stop) grew to account for over $160 million in savings alone. As far as metrics go, it's a pretty good way of...
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...
Keeping Euros out of dirty coal in Australia
5 May 2014 If we’re going to stop new dirty coal projects getting funded, we need to work both in Australia and internationally. Market Forces is in Europe where, over the next couple of weeks, several banks that are key to new coal export projects in Australia are...
2014 Federal Budget response
Melbourne, 13 May 2014 “This budget is a huge ‘up yours’ to the clean, renewable energy industry, climate change action and environmental protection,” said Market Forces Lead Campaigner Julien Vincent. “If appointing a climate change denier to head the review of the...
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...