MEDIA RELEASE Tuesday 30 May: A new report by Market Forces reveals Australia’s big four banks have used smoke and mirrors to continue pouring billions of dollars into fossil fuel expansion. The report – Banking Climate Failure – finds ANZ, Commonwealth Bank of Australia, NAB and Westpac provided a … Read More
Super funds invest $34 billion in fossil fuel expansion
MEDIA RELEASE Sunday 7 May, 2023: A new report by Market Forces reveals Australia’s 30 biggest super funds increased their investment exposure to Australian and international companies most responsible for expanding fossil fuels in 2022 to a total of more than AU$34 billion. Australia’s biggest funds have increased their investment … Read More
Traditional Owners and members lodge human rights complaints against top 20 Super funds requesting they reject Santos gas projects
MEDIA RELEASE Wednesday 26 April: Traditional Owners of three First Nations across Australia along with superannuation fund members have lodged human rights complaints against the top 20 Australian super funds over hundreds of millions of dollars of members’ money invested in Santos and its Barossa and Narrabri gas projects. Australia’s … Read More
Australia’s five biggest super funds failing on key climate promises
MEDIA RELEASE Wednesday 15 March, 2023: A new report by Market Forces finds Australia’s five biggest super funds are greenwashing and exposing themselves to legal risk by failing to effectively engage with companies expanding fossil fuels. Managing more than $1 trillion of members’ retirement savings, the five funds analysed in … Read More
Santos shareholders urged to vote against remuneration report on climate grounds
MEDIA RELEASE Thursday 9 March: In an Australian first, a formal statement has been filed on behalf of over 100 shareholders, urging all investors to vote against Santos’ remuneration report on climate risk grounds. Will van de Pol, Acting Executive Director, Market Forces said: “Shareholders are sending a strong message … Read More
Fake dead dolphins delivered to big four banks over Santos oil disaster
MEDIA RELEASE Thursday 23 February 2023: The big four Australian banks – ANZ, Commonwealth Bank, NAB and Westpac – have received a special delivery of ‘dead’ inflatable dolphins for financing oil and gas giant Santos, which allegedly killed marine life in a major oil spill. The dolphins are being delivered … Read More
First Super Dirty Gas awards for Equipsuper, Colonial First State and REST
MEDIA RELEASE Wednesday 22 February: Equipsuper, Colonial First State and REST have been shamed with the first ever Super Dirty Gas awards as new Market Forces analysis reveals the funds have the highest proportion of Australian shares invested in Santos and Woodside of all major super default options. Both Santos … Read More
Major coal producer New Hope urged to wind down production as shareholders shut out of AGM
MEDIA RELEASE Thursday 24 November: New Hope Group shareholders and Market Forces are demanding the coal miner disclose plans to wind down production in line with global climate goals. New Hope faces a resolution backed by over 100 shareholders, calling for full disclosure in annual reporting on how the coal … Read More
New analysis: Australia’s biggest super funds fractured on fossil gas
MEDIA RELEASE Tuesday 18 October: New analysis by Market Forces reveals some of Australia’s biggest super funds have been selling millions of shares in oil and gas giants Woodside and Santos, while others are investing heavily in these climate-wrecking companies. The Market Forces study finds 11 out of the 14 … Read More