UniSuper climate report is hot air and poor action

MEDIA RELEASE Wednesday 14 September: UniSuper’s new climate risk report reveals the mega fund has continued quietly selling down its investments in Australia’s largest gas producer, Woodside, and to a lesser extent, fellow climate-wrecking oil and gas expander, Santos. Despite mergers and share price changes that would have seen UniSuper’s … Read More

Shareholders demand coal wind down plan from Whitehaven

Media release: 25 August 2022 – For Immediate Release Market Forces and Whitehaven Coal shareholders have filed a resolution, calling on one of Australia’s largest coal miners to wind down its production in line with global climate goals. The resolution points out the glaring inconsistency between Whitehaven’s public declarations of … Read More

Super funds ‘sustainable’ options invest in fossil fuel expansion

MEDIA RELEASE: 21 July 2022 New analysis by Market Forces reveals several super funds are potentially misleading consumers and contravening the Australian corporate regulator’s ‘greenwashing’ advice. Eight of 11 major super fund investment options labelled ‘sustainable’ or ‘socially responsible’ are investing in companies expanding the fossil fuel sector. The analysis … Read More

Major UK bank cuts ties with Indonesian mega coal producer 

Adaro mine in Tabalong Regency, South Kalimantan, Indonesia. Photo credit: WALHI South Kalimantan

Jakarta, 14 July 2022 – One of the largest United Kingdom banks, Standard Chartered, has confirmed that it is ending investment in Indonesia’s second largest coal producer, PT Adaro Indonesia and other banks need to follow suit in line with their energy and fossil fuel policies. The UK-bank has confirmed … Read More

Shareholders urge Japanese companies to take urgent climate action

TOKYO, Japan, 29 June 2022 Market Forces, Kiko Network, 350 org. Japan, FoE Japan, Rainforest Action Network Japanese corporations have faced a record number of shareholders backing proposals calling for greater action and transparency on meeting net-zero carbon emissions targets. Today, and over the past week, shareholders representing $22 billion … Read More

World’s largest insurance broker cuts ties with Adani Carmichael coal mine

23 June 2022, for immediate release The Adani Carmichael coal mine’s long-standing insurance broker, Marsh, has confirmed it has ended its commercial relationship. This news, published in InsuranceERM, comes two weeks after the #StopAdani campaign received an anonymous, insider tip-off that on 29 May 2022, Lockton was appointed to be … Read More

Millions divested from HESTA health super fund over investment in fossil fuels

School Strikers do not endorse HESTA

17 June 2022 Health workers around Australia are divesting their funds from HESTA superannuation due to its investments in companies expanding fossil fuels.  In the biggest single climate divestment day targeting a superannuation fund in Australia’s history, more than 130 members of HESTA – the health and community services superannuation … Read More

BHP to close Mt Arthur thermal coal mine by 2030

16 June 2022 BHP today announced it will close its last thermal coal mine, Mt Arthur in NSW’s Hunter Valley, by the end of the 2030 financial year. This is an important and pleasing departure from BHP’s previous plans and actions relating to its fossil fuel assets, which have largely … Read More