Australia’s banks’ $10 billion fossil fuel funding flouts climate pledges MONDAY 6 MARCH, 2017: New analysis by finance group Market Forces reveals Australia’s ‘big four’ provided almost $10 billion in finance to fossil fuels across the planet in 2016 – three and a...
Media Release: HCF Becomes First Health Insurer to Dump Fossil Fuels
Melbourne, 10 February 2017 Finance campaign group Market Forces is welcoming the announcement that private health fund HCF will divest from all fossil fuels in the first quarter of this year. Representing over 680,000 Australians and responsible for $2 billion of...
Media release: NAB’s climate change position makes new fossil fuel projects impossible to fund
Melbourne, 14 November 2016 NAB’s climate change position announced today sets it apart from the major banks, but the real proof will be in its future lending decisions, according to environmental finance campaigners Market Forces. The bank’s “Dig Deeper”...
Media Release: Australians hoodwinked by superfunds over multi-million dollar executive fossil fuel exploration bonuses
Melbourne, Thursday 29 September, 2016: A new report released today by environmental finance campaigners Market Forces reveals the multi-million dollar bonuses awarded to Australian and international fossil fuel company executives for expanding reserves which are...
Media Release: Australians reject super funds’ trillion-dollar secret
Melbourne, Friday 23 September, 2016: According to analysis by environmental finance campaigners Market Forces, 83% of assets under management in Australia’s fifty largest superannuation funds are undisclosed, equating to nearly $1 trillion of assets. The analysis...
Media release: New polling shows half of customers prepared to change banks over fossil fuels – as prominent Australians demand climate action
Thursday 15 September, 2016: New research released today shows overwhelmingly that Australians want their bank to act on climate change by avoiding fossil fuel projects, with almost half prepared to change banks if their current institution finances projects...
Media Release: Australian banks break climate promise, pouring billions into fossil fuels
Melbourne, 4 August 2016 Australia’s major banks have made a mockery of their ‘two degree’ commitments by pouring AU $5.6 billion into the expansion of the fossil fuel industry in the months since the December 2015 Paris climate change agreement. New research released...
Media release: Crowdfunding campaign sends Bulga locals to confront mining giant Rio Tinto at its AGM
4 MAY 2016 Three local residents from the historic town of Bulga in the New South Wales Hunter Valley are set to bring their campaign opposing Rio Tinto’s coal mine expansion at Mt Thorley Warkworth directly to the company’s AGM in Brisbane on Thursday. This follows a...
Media Release: New campaign targets QBEs climate hypocrisy
Monday 2nd May, 2016 As QBE prepares for its Sydney AGM in Sydney on Wednesday, Market Forces has today launched a new campaign calling on the insurance company to stop ‘making climate change possible.’ Activists this morning visited the company’s headquarters in...
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...