For immediate release, 21 August 2020 Suncorp has sent a clear message that it will not be a part of the Federal Government's gas expansion plans, with an updated policy released today that bans the major Australia-based insurance company from investing in, financing...
Media releases
Media release: Banks betray communities and climate in funding Jawa 9 and 10
17 July 2020 Reacting to the news that a club of banks, led by DBS and including Korea Export Import Bank, Korea Development Bank and Hana Bank, CIMB, Maybank of Malaysia, Bank of China, Bank Mandiri, Bank Negara Indonesia and Exim Bank of Indonesia have signed a 15...
Media release: Fossil fuel lending by Australian banks tops AU$35bn
New Market Forces analysis - Funding Climate Failure Wednesday 8 July, 2020: Despite repeated pledges and policies to the contrary, Australia’s big four banks have once again increased funding to the expansion of the fossil fuel industry over the past year. The...
Media release: Rio faces shareholder revolt over emissions targets
Friday 8 May, 2020: 37% of investors have backed a climate resolution calling on Rio Tinto to set clear targets to cut emissions, including those generated by the-use of its products, or “Scope 3” emissions. While lower than record numbers at Santos and Woodside, the...
Media release: Westpac quits thermal coal by 2030
Monday 4 May, 2020: Westpac’s Climate Change Action Plan Update, released today, has been described as another nail in the coffin of thermal coal, by environment finance group, Market Forces. The policy commits the bank to being out of thermal coal mining by 2030,...
Media release: Malaysian banks prop up dying coal industry, despite central bank calls to manage climate risk
New analysis uncovers Malaysian banks’ risky and dirty multi-billion-dollar coal finance 20 February 2020 Malaysian banks are the target of an international climate campaign on their proposed funding to a new Indonesian coal power station after new data revealed CIMB,...
Media release: QBE shareholders to call on QBE to stop fueling climate crisis
For immediate release, 17 February 2020 Market Forces has announced it will lodge a shareholder resolution calling on global insurer QBE to get its underwriting and investment activities in line with keeping global warming below 1.5 degrees. The resolution coincides...
Media release: Siemens decides to work on Adani Carmichael coal project
Responding to the news that Siemens has decided to continue working on the Adani Carmichael coal export project, Market Forces Executive Director Julien Vincent said: “Siemens’ appalling decision to keep working on Adani’s climate-wrecking coal mine shows...
Too little, too late: NAB’s new climate policy an exercise in greenwash
15 November 2019: NAB’s Sustainability Report, released today, is little more than greenwash and a recipe for climate catastrophe, says environmental finance group Market Forces. In particular, its central announcement to exit thermal coal mining by 2035 is a...
Media Release: Three major banks face shareholder resolutions on climate action
Westpac, NAB and ANZ called upon to reduce exposure to fossil fuels in line with the Paris Agreement’s climate change goals. Thursday 10 October 2019 Environmental finance organisation Market Forces is today lodging shareholder resolutions with Westpac, NAB and...