21 February 2023 Now that super funds are required to disclose their investments to members every six months, we are able to track over time which funds have the highest proportion of their members’ retirement savings invested in climate-wrecking oil and gas companies...
Spirit Super must stop new oil and gas projects or divest from the companies pursuing them
13 December 2022 Spirit Super updated its climate targets this year, aiming to reduce both the fossil fuel reserves and carbon emissions in its investment portfolio by 50% by the end of this decade. Yet the fund remains invested in companies seeking to massively...
Aware Super member sends legal letter on fund’s vote against climate action
21 November 2022 An Aware Super member sent a legal letter to the fund last week, raising concerns that Aware failed to understand and properly consider its vote on a crucial request for climate action at the recent Commonwealth Bank annual general meeting and...
Big super funds quietly selling down shares in Santos and Woodside
18 October 2022 The latest round of mandatory super fund disclosures reveal that most of Australia’s biggest super funds are selling shares in climate wrecking oil and gas companies Santos and Woodside. Some funds, however, have significantly increased their stake in...
New analysis: Australia’s biggest super funds fractured on fossil gas
MEDIA RELEASE Tuesday 18 October: New analysis by Market Forces reveals some of Australia’s biggest super funds have been selling millions of shares in oil and gas giants Woodside and Santos, while others are investing heavily in these climate-wrecking companies. The...
Were your retirement savings used to block climate action?
18 October 2022 Last Wednesday was a very sad day for climate action. Almost 95% of Commonwealth Bank’s shareholders – including our super funds – voted against a critical request for the bank to stop financing new and expansionary fossil fuel projects. We’re...
UniSuper climate report is hot air and poor action
MEDIA RELEASE Wednesday 14 September: UniSuper’s new climate risk report reveals the mega fund has continued quietly selling down its investments in Australia's largest gas producer, Woodside, and to a lesser extent, fellow climate-wrecking oil and gas expander,...
UniSuper’s slow, quiet progress on fossil fuel divestment not good enough
UniSuper’s new climate risk report suggests the fund has continued quietly selling down its investments in Australia's largest gas producer, Woodside, and to a lesser extent, fellow climate-wrecking oil and gas expander, Santos. Despite mergers and share price changes...
HESTA asks the impossible of oil and gas producers Woodside, Santos and Origin, rather than divesting
In an attempt to justify continued investment in climate wrecking oil and gas producers Woodside, Santos and Origin, HESTA announced today it had asked the impossible of those companies, requesting they demonstrate how their new or proposed fossil fuel projects fit...
Super funds can stop fuelling the climate change fire
OPINION | Brett Morgan, Superannuation Funds Campaigner At long last, some superannuation funds are taking a stand to end investment in companies expanding fossil fuels. Yet most funds are prolonging the life of industries that are driving us towards irreversible...