By Will van de Pol, Chief Executive Officer, Market Forces AustralianSuper is not shy about its role and responsibility in managing the escalating investment risks climate change poses to the retirement nest eggs of its three and half million members. Let’s make no...
Opinion
Woodside’s climate walk-back reflects AustralianSuper’s ineffective stewardship efforts
By Brett Morgan, Investor Engagement Manager, Market Forces As the nation’s largest super fund, what AustralianSuper says and does has significant consequences for our economy. Woodside’s walk-back on emissions and new energy targets in the past 24 hours can in part...
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...
Super fund HESTA urged to take on fossil fuel giants, for the sake of climate health
Healthcare is built on principles that have guided our professions for generations: protecting life, preventing harm, promoting wellbeing and acting in the best interests of those we serve. Those values shouldn’t end when we finish our shift. As the super fund...
Rethinking Financing for Indonesia’s Captive Coal Nickel Industry
By Ginanjar Ariyasuta, Indonesia Energy Finance Campaigner, Market Forces In his address to the House of Representatives on May 20, President Prabowo Subianto expressed his conviction that Indonesia's economy can grow 8 per cent by 2029, with the processing of...
Menimbang Ulang Pembiayaan Nikel Berbasis Batu Bara
Oleh: Ginanjar Ariyasuta, Juru Kampanye Pembiayaan Energi Indonesia di Market Forces Dalam pidatonya di rapat paripurna DPR, 20 Mei lalu, Presiden Prabowo Subianto menyampaikan keyakinannya bahwa ekonomi Indonesia bisa tumbuh 8 persen pada 2029 — dan hilirisasi...
Macquarie climate blackflip is ringing alarm bells for investors
By Kyle Robertson, Head of Research, Market Forces It wasn’t long ago that the world’s major banks, including Macquarie, were collectively mobilising to achieve the goals of the Paris Agreement. In April 2021, now Canadian prime minister, Mark Carney launched the...
Asian banks hide behind a coal funding smokescreenÂ
By Ginanjar Ariyasuta, Indonesia Energy Finance Campaigner, Market Forces Pick up any major Southeast Asian bank's sustainability report and you will find a coal funding commitment. The language is confident. The dates are specific. But banks from Jakarta to Kuala...
Bangladesh at crossroads: renewables or imported fuel chaos
The energy crisis is hitting Bangladesh’s 177 million people hard, but experts have been urging to end dependence on imported coal and gas in favour of reliable renewables. The Strait of Hormuz is all anyone is talking about and safe passage of energy tankers is at...
Action needed by Southeast Asia’s Central Banks on escalating climate risks
By Rachel Ho, Asia Energy and Climate Finance Fellow, Market Forces. Ms Ho has a decade of experience in the private industrial and technology sector across Australia, Indonesia and the broader Asia Pacific. The global oil and gas crisis is going from bad to worse....