One hundred customers abandon Commonwealth Bank in fossil fuel protests 2 November 2013, Melbourne / Sydney / Brisbane / Perth, 2nd November 2013 Over one hundred Commonwealth Bank customers have publicly closed their accounts in protest of the bank’s role as a major lender to the fossil fuel industry. Activities … Read More
ANZ bank run: dozens of customers close their accounts in fossil fuel protest
Media Release: ANZ bank run: dozens of customers close their accounts in fossil fuel protest Melbourne, 26 October 2013 In an Australian first, dozens of ANZ customers collectively closed their accounts in protest of ANZ’s role as a major lender to the fossil fuel industry. Customers formed a queue stretching … Read More
Australian coal projects could be ineligible to receive Chinese finance
Australian coal projects could be ineligible to receive Chinese finance 24 July 2013 Chinese banks have been notified that several Australian-based coal export projects could be ineligible for credit under China’s Green Credit Directive. A letter from international banking sector watchdog BankTrack and Australian environment group Market Forces has been … Read More
Sixty prominent Australians call on ‘big four’ banks to end fossil fuel investment
Melbourne, 28 June 2013 Sixty prominent Australians are calling on the CEOs of the big four banks to stop investing in the fossil fuel industry through an open letter organised by Market Forces and 350.org launched today. Nobel Laureate in Literature John Coetzee, two-time Booker Prize winning author Peter Carey, … Read More
ANZ biggest gambler on dirty coal and gas exports
Melbourne, 31 May 2013 A new interactive map has been published that identifies ANZ as the commercial bank lending most heavily to coal and gas export projects along Australia’s Eastern seaboard, including in the Great Barrier Reef World Heritage Area. The map, by Market Forces in partnership with 350.org, allows … Read More
Market Forces 2013 budget response
Melbourne, 14 May 2013 Responding to the 2013 Federal Budget announcement, Market Forces Lead Campaigner Julien Vincent said: “When it came to the major opportunities for boosting the budget by cancelling polluter handouts, the Government has again cowered to the lobbying and pressure of big mining at the expense of … Read More
ANZ awarded Australia’s biggest lender to Great Barrier Reef-destroying coal and gas
Brisbane, 2 May 2013 Activists have rebranded an ANZ branch in Brisbane’s CBD, awarding it “Australia’s #1 lender to dirty coal and gas projects in the Great Barrier Reef”. The action comes as a new Market Forces / 350.org report: Financing Reef Destruction: How Banks are using our Money to … Read More
Coal and gas concerns could shift $247 billion in super funds
Melbourne / Canberra, 11 March 2013 Polling has revealed that a quarter of superannuation fund members – representing $247 billion in pooled funds – would be prepared to move change superannuation funds if their current provider is found to be invested in coal and coal seam gas. The poll, conducted … Read More
Adani group fails to disclose significant material risk
Melbourne, 11 March 2013 Market Forces has today alerted the Securities and Information Exchange Board of India to a significant material risk to the Adani Group, which the company has failed to disclose to the market. Coal from Adani Group’s proposed $7.1 billion, 60 megatonne per annum Carmichael coal mine … Read More
Queensland leads public opposition to mining industry fuel subsidy
Melbourne, 24 January 2013 A nationwide survey has revealed strong opposition amongst Australians to fossil fuel subsidies. The poll, commissioned by new finance campaigning organisation Market Forces, comes alongside a new assessment showing federal subsidies to fossil fuels increasing by billions in the next few years. Currently, through the Fuel … Read More
