Environmental finance group Market Forces will lodge a new shareholder resolution against Commonwealth Bank after its climate change position statement released today fell well short of its publicly-made 2 degree commitments. “Commonwealth Bank is not even pretending...
Media releases
Media release: Commbank’s refusal to finance Adani coal mine
Commonwealth Bank's confirmation that it will not be involved in financing the Carmichael coal mine leaves Adani in the highly improbable position of financing a major Australian project without the support of one of the "big four" banks. "It's desperate measures now...
Media Release: 82% of Australian super funds at risk of legal action over climate failure
New analysis from environmental finance group Market Forces reveals 82% of Australia’s largest superannuation funds have provided inadequate or no tangible evidence they have considered climate risk in their investment portfolios. According to a new opinion also...
Media Release: Coal funding dries up but $17bn funneled to fossil fuels by ‘Big Four’ banks since Paris Agreement
 Monday 24 July, 2017: New analysis from environmental finance group Market Forces today reveals Australia’s Big Four banks have lent $17 billion dollars to expand the fossil fuel industry since declaring their commitment to the Paris Climate Agreement of keeping the...
Media Release: Australia desperately needs climate risk disclosure recommendations
 29 June 2017 Reacting to the release of the Financial Stability Board's final recommendations from its Task Force on Climate Change-Related Financial Disclosures (TCFD), Market Forces Analyst Daniel Gocher said: "These recommendations are sorely needed in Australia,...
Media Release: $200 billion US pension fund divests Australian coal. Australian funds should follow.
WEDNESDAY 14 JUNE, 2017: Environmental finance group Market Forces is calling on Australian superfunds and asset managers to follow the example of the second largest pension fund in the US and divest from Australian coal companies such as Whitehaven. Last week, the...
Media Release: Lack of funders belies Adani’s investment intentions
TUESDAY 6 JUNE, 2017: Adani’s expected ‘investment decision’ concerning its proposed Carmichael mine is little more than a PR stunt, according to environmental finance group Market Forces. With a net debt estimated at $2.5 billion, Adani Enterprises has yet to raise a...
Statement: Market Forces reiterates Santos position
18 May 2017 In response to a clumsy attempt by Santos to dance around the statements that Chairman Peter Coates made at the Santos AGM on the 4th of May, Market Forces would like to issue this clarification: We know Santos is supportive of the Paris Agreement and the...
Media release: Adani’s brand kryptonite: new poll reveals widespread support for Westpac decision to rule out funding
Friday 5 May, 2017: According to a national poll conducted by Essential Research, three times more Australians are in favour of Westpac ruling out funding for Adani’s controversial Carmichael mine proposal than those against. The poll, commissioned by environmental...
Media release: Santos admit to ‘four degree’ climate policy, backed by institutional investors
Adelaide, 4 May 2017 In a remarkable admission at the AGM of Australian oil and gas firm Santos today, Chairman Peter Coates revealed its business model is based on a ‘four degree’ climate pathway, completely at odds with international efforts to meet the Paris...