Australian oil and gas company Woodside is looking to issue an “unsecured 10-year and/or 30-year bond offering,” according to LSEG, which would provide the company with a new source of finance for its gas expansion plans. While the value of the bond issuance has not...
HESTA member submits legal request for information after fund’s ineffective efforts to push for change at Woodside
A HESTA member has today increased pressure on her super fund for failing to demand an end to Woodside’s climate-wrecking gas expansion plans. Long-term HESTA member, multidisciplinary artist and musician Tash Parker has submitted a legal request for information to...
Days of reckoning on the future of gas
OPINION | Axel Dalman, Head of Research at Market Forces The oil and gas industry had a critical opportunity at this week’s Australian Energy Producers conference, held in Perth, to exchange ideas on how to meet the existential threat posed to their business by the...
Woodside suffers world record-breaking vote against climate plan, embarrassingly large vote against Chair
Shareholders have today expressed their contempt for Woodside’s repeated failure to heed their concerns by fiercely rejecting the company’s climate strategy. Beating its own world record vote against a climate plan in 2022, a staggering 58% of Woodside’s shareholders...
Opinion: Woodside’s oil and gas investor firestorm
By Will van de Pol, CEO, Market Forces Australia’s largest oil and gas company Woodside is under fire and the company’s Chair, Richard Goyder is in damage control ahead of crucial votes by investors at the annual general meeting (AGM) this week. Mr Goyder is up for...
Super funds are (so far) failing to vote for greater climate action this year
Some super funds have started disclosing how they voted at Santos’ annual general meeting (AGM) last week. The bad news is that several of these funds are wallowing in greenwash and failing to increase pressure on Santos to end its climate-wrecking oil and gas growth...
Big coalition of civil society organisations put AustralianSuper on notice
Today, AustralianSuper received a strong message from a big coalition of climate, environment and other civil society organisations, urging the fund to live up to its climate commitments and push for an end to Woodside’s reckless oil and gas expansion plans. The...
New Analysis: Top super funds abandoning major fossil gas producers
MEDIA RELEASE Wednesday 13 March: New analysis by Market Forces finds Australia’s top 30 super funds have been reducing their investments in oil and gas producers Woodside and Santos over the past two years, relative to the Australian stock market. The top 30...
HESTA puts the heat on Woodside by seeking board renewal
HESTA has announced today that it is pushing for its own director nominees to be considered for election at Woodside’s upcoming annual general meeting (AGM). This is an important climate-related escalation from HESTA and a tribute to the countless members who have...
Westpac takes two steps forward, one big step back
8 November 2023 This week Westpac announced a host of new project finance restrictions for new and expanded fossil fuel projects, but also walked back a key policy that restricts finance to the companies developing them. In a disappointing regression on its...