How Peabody Energy burned us all

The largest coal miner in the United States, Peabody Energy Corp, on Wednesday revealed in regulatory filings to the Securities and Exchange Commission (SEC) that there were doubts it could continue as a going concern. As such, it may voluntarily seek protection under Chapter 11 – in other words, bankruptcy. … Read More

A shocking reminder of the health impacts of coal

11 March 2016 It’s a shocking story that’s slowly emerging. Up to 1,000 current and former Queensland coal mine workers could be affected by pneumoconiosis, or black lung disease, and it’s possible that authorities and coal mining companies have tried to cover up the extent of this health disaster. Black lung … Read More

VicSuper: Protect ALL Members From Climate Change Risks

22 February 2016 We have heard from some of their members that VicSuper are currently considering how they treat the issue of climate change, and the myriad of financial and moral issues wrapped up in it. After seeing a host of other funds mistakenly “tackle” this issue by screening out … Read More

Moreland Council asks Vision Super for their divestment plan

12 February 2016 On Wednesday night Moreland City Council in Melbourne voted unanimously to ask Vision Super, the local government employees fund, for their plan for managing climate risk. Vision Super manages around $7 billion, which includes investments in fossil fuel companies. The Council motion recommends that Vision Super put … Read More

Super funds lose $5.6 billion on dirty fossil fuels

9 February 2016 Having analysed the returns of fifteen of Australia’s largest superannuation fund options over the past two years, Market Forces estimate that those options have collectively lost over $5.6 billion on their fossil fuel investments over that time. Our new report Burned details this analysis, and highlights the urgent environmental and moral need … Read More

Did Vision Super divest on the quiet?

15 December 2015 Early last week, Vision Super posted a press release on their website announcing their commitment to sustainable investment. Vision Super also updated their website, adding a page dedicated to “Sustainable Super” and the calming image of a wind farm on its home page. This was followed by … Read More