Today ANZ announced that it will no longer provide direct project finance to pipelines dedicated to new oil and gas fields. The new policy brings ANZ into line with CommBank, NAB and Westpac, which all have restrictions on finance for pipelines built for new oil and...
News
Whitehaven investors fail basic risk management test
At Whitehaven Coal’s annual general meeting (AGM) today, almost 10% of shareholder votes were cast in favour of a Market Forces-coordinated proposal calling on the company to demonstrate how spending on new and expanded coal mines is a better use of capital than...
‘Gas or starvation’: APA Group’s $7 billion Beetaloo pipeline gamble questioned by shareholders
Shareholders challenged APA over its proposed Beetaloo gas pipeline, uncertain LNG demand and climate risks, as the company's CEO pointed to an ANZ banker in the audience as a sign of lender support. APA Group's chairman has defended the company's proposed...
Pattern of Failure: Rising ESG Complaints Expose the Risk Management Gaps at Japanese Megabanks
The sheer volume of complaints to various grievance mechanisms brought against Japan’s megabanks, MUFG, SMBC, and Mizuho, can no longer be considered a set of isolated incidents. It represents a systemic failure. Over the past decade, civil society organizations,...
繰り返される「機能不全」 ― 増加するESG関連の異議申立てが浮き彫りにする日本のメガバンクのリスク管理の欠陥
三菱UFJフィナンシャル・グループ（MUFG）、三井住友フィナンシャルグループ（SMBCグループ）、みずほフィナンシャルグループ（みずほ）の3メガバンクに対し、各種の異議申立メカニズム（グリーバンス・メカニズム）を通じて提起された申立ての件数は、もはや個別・偶発的な事案の集積とみなすことはできません。構造的な機能不全を示すものと考えられます。...
Macquarie’s huge LNG export gamble puts more than investors at risk
By Morgan Pickett, Senior Policy Analyst, Market Forces, a clean energy finance advocacy organisation. Macquarie Group began life in Sydney in 1969 with just three employees. Today, Macquarie is one of Australia’s most powerful financial institutions, operating across...
Woodside AGM 2026: HESTA steps up, Aware Super backslides
Woodside Energy, Australia’s biggest oil and gas company and renowned climate wrecker, held its annual general meeting (AGM) on 23 April. As usual, the company couldn’t escape scrutiny for its dangerous oil and gas expansion plans, from a significant rally outside the...
Santos 2026 AGM
At the Santos 2026 annual general meeting, Traditional Owners and Indigenous Leaders travelled thousands of kilometres - from Papua New Guinea, Borroloola (Northern Territory), and Narrabri (NSW) - to challenge the company’s controversial gas expansion plans....
ASIC complaint against APA Group
Equity Generation Lawyers (EGL) and Market Forces have formally lodged a complaint with the Australian Securities and Investments Commission (ASIC) against APA Group - Australia's biggest gas pipeline operator - for misrepresenting the costs, scale and financial...
Scientists, Health Experts, Securityholders and NT communities put APA on notice over Beetaloo gas expansion
At APA Group’s 2025 Annual Meeting in Sydney, community leaders from the Northern Territory, climate scientists, doctors, and securityholders united to deliver one message the board could not ignore: You can’t claim climate action or Paris-alignment while building...