Melbourne, Wednesday 13 April 2016 Today’s long-expected bankruptcy announcement by Peabody should serve a cautionary tale to Australian investors still holding fossil fuel stocks, according to financial activist group Market Forces. “Australian investors who held...
Media releases
Media Release: Reports Future Fund viewed as ‘soft touch’ for Adani Funding
Malcolm Turnbull should rule out Adani subsidy Melbourne, Tuesday 29 March 2016 Financial activist group Market Forces is calling on the Turnbull Government to clarify whether Australia’s sovereign wealth fund – the Future Fund – will be used to subsidise the...
Media release: Banks up to their necks in fossil fuels, putting the climate and their balance sheets at risk
Melbourne, 26 February 2016 Australia's major banks continue to play an integral role in financing the fossil fuel industry, despite commitments to support the goal of limiting global warming to less than two degrees. Market Forces has analysed lending to the fossil...
Media release: Super funds lose billions on fossil fuels as divestment calls mount
NEW REPORT: Super funds lose billions on fossil fuels as divestment calls mount Sydney, 10 February 2016 Report identifies $5.6 billion in losses on fossil fuel stocks Funds lose an average $1109 per member over two years Colonial tops list of poor performers Website...
Media comments: Turnbull Government putting economy, environment at risk with Abbot Point approval
22 December 2015 In response to the news that Environment Minister Greg Hunt has approved the expansion of the Abbot Point coal export terminal, Market Forces Executive Director Julien Vincent said: "It's pretty clear that the Australian Government is prepared to take...
Media Release: Australia’s big four banks commit to 2 degree global warming goal – but which ones mean real action?
5 November 2015 Market Forces have today welcomed announcements from Commonwealth Bank and NAB that acknowledge the need to limit global warming to less than two degrees, calling on the banks to back up their statements with action that matches this ambition. The...
ANZ climate change policy leaves open the door for real leadership
6 October 2015 Market Forces is reacting to news this morning of a new set of commitments on ANZ regarding climate change and coal investments. "When it comes to leadership on climate change, the podium remains empty, and in desperate need of a bank to step up", said...
Media Release: New Report highlights gulf between renewable and fossil fuel financing
ANZ confirmed as Australia’s biggest fossil fuel lender New Report highlights gulf between renewable and fossil fuel financing Melbourne, 18 June 2015: A new report from Market Forces shines a light for the first time on Australian banks’ financing of the fossil fuel...
Downer ASX announcement misled investors
Downer ASX announcement misled investors 14 May 2015; Melbourne, Brisbane Market Forces, through their lawyers Environmental Justice Australia, have lodged a complaint with the Australian Stock Exchange alleging that an ASX announcement of Downer EDI Limited contained...
Media release: Adani running out of options as French banks’ “no” to Galilee Basin coal
Sydney / Melbourne, 10 pm AEST 8 April 2015 (2 pm Central European Time) The news that three major French banks have committed to not finance proposed coal mines in Queensland’s Galilee Basin is a massive blow to Adani, whose Carmichael mega mine will need billions in...