17 June 2022 Today, more than one hundred health and community services workers across Australia shifted millions of dollars away from HESTA over the fund’s investments in companies expanding fossil fuels. In the single biggest climate divestment day targeting a superannuation fund in Australia’s history, more than 130 members of … Read More
How much is your super fund investing in climate-wrecking oil and gas companies Woodside and Santos?
12 April 2022 Finally, after years of delay, super funds now have to disclose all their investments. The recent release of this information reveals all of the big super funds are investing members’ money in two of Australia’s most climate-destructive companies, gas giants Woodside and Santos. We have analysed the … Read More
Woodside’s climate ‘plan’ full of hot air
17 February 2022 Reacting to Woodside’s Climate Report released today, Market Forces Asset Management Campaigner Will van de Pol said, “Woodside’s three point ‘plan’ to address its gargantuan scope 3 emissions profile amounts to nothing more than more hot air.” “Investors must see through the greenwash and demand the company … Read More
Woodside and Santos face shareholder resolutions to manage down oil and gas production
11 February 2022 Market Forces has worked with Woodside and Santos shareholders to formally call on Australia’s two largest, and rapidly growing, oil and gas producers to manage down production in line with a net zero emissions by 2050 pathway. The resolutions, which will be voted on at the companies’ … Read More
Super fund ‘engagement’ fails to stop Woodside and BHP pressing go on Scarborough carbon bomb
23 November 2021 Late yesterday, oil and gas giant Woodside announced it had made a final investment decision to go ahead with its climate-wrecking Scarborough gas project, which includes a huge new offshore gas field (Scarborough) and a new onshore gas processing plant (Pluto 2). BHP, which currently owns 26.5% … Read More
Global Infrastructure Partners to light the fuse on Woodside’s carbon bomb
15 November 2021 US-headquartered Global Infrastructure Partners (GIP) has entered into a purchase agreement for a 49% stake in Woodside’s planned Pluto Train 2 LNG project. Woodside says the deal is a significant milestone towards a final investment decision on the Scarborough-Pluto 2 development project. It is estimated the project, … Read More
Tell GIP: don’t enable Woodside’s climate-wrecking Scarborough gas project
18 October 2021 After thousands of community members took action, infrastructure investor Brookfield has reportedly decided not to partner with Woodside on its climate-wrecking Scarborough-Pluto gas project. This is great news, and a reward for the efforts of community members who have made a stand against this project. But Brookfield’s … Read More
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