As global temperatures rise and climate-fuelled disasters are impacting communities from Austria to Appalachia, it is becoming increasingly difficult to understand the rationale for remaining invested in companies aggressively expanding coal production, such as...
Blog
Climate scientists call on UniSuper to end backing for gas fracking
MEDIA RELEASE Thursday 26 September: More than 1,000 UniSuper members, including leading climate scientists and academics have signed an open letter to the Board of Directors calling on the fund to immediately oppose APA Group’s plans to develop pipelines that would...
Woodside seeking further debt finance to continue with its climate-wrecking gas expansion plans
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...
Shareholders file first ever climate resolution on Australian gas pipeline company
MEDIA RELEASE Wednesday 21 August: Market Forces has filed a resolution on behalf of 128 APA Group shareholders calling on the company to disclose how it is managing the emissions from new gas infrastructure, including planned Beetaloo basin pipelines, in line with...
Breaking: CommBank formally walks away from climate wrecking clients
While ANZ, NAB and Westpac gear up to loan hundreds of millions more to one of Australia’s most notorious climate wreckers Australia’s largest bank, the Commonwealth Bank of Australia, made a huge announcement this morning, declaring it has made the decision to...
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...
Macquarie’s oil and gas lending brings its net zero commitments under fire
Macquarie, Australia’s fifth largest bank, faced questioning from Market Forces over inconsistencies between its oil and gas investments and its commitment to net zero emissions by 2050 at its 2024 Annual General Meeting in Sydney. As a Net Zero Banking Alliance...
Big four Australian banks pour $3.6 billion into fossil fuels in 2023
MEDIA RELEASE Tuesday 16 July: A new report by Market Forces reveals Australia’s big four banks have poured more than AU$61 billion into fossil fuels since the global agreement to limit climate change was adopted in Paris over eight years ago. The analysis finds ANZ,...
Asia’s corporate giants face climate responsibility perfect storm
OPINION | Dr Sachiko Suzuki, Asia Climate and Energy Analyst at Market Forces Dr Suzuki is a sustainable finance expert and has previously worked for the Japan International Cooperation Agency (JICA), posted in South East Asia. Companies in Asia have been getting away...
Could major super funds already divested from Whitehaven Coal start getting back in?
Our new analysis has found that some of Australia’s largest super funds could re-invest their members’ retirement savings in Whitehaven Coal, after having already excluded this climate wrecker through policy.