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...
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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...
Top super fund re-invests in coal expansion
MEDIA RELEASE Tuesday 25 June: New Market Forces analysis reveals a top 30 super fund has walked back its fossil fuel exclusion policy, re-exposing its members’ retirement savings to one of Australia’s biggest thermal coal miners, Whitehaven. The new research finds...
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.
Global investors want more climate action from Japan’s megabanks
OPINION | Will van de Pol, CEO at Market Forces Japan's big banks have a big problem. Like climate change, it will get much worse unless it is addressed quickly. The megabanks are lagging behind when it comes to playing their part in the critical transition to clean...
International banks no longer involved with Santos’ Barossa gas project
News just broke that BNP Paribas and The Export-Import Bank of Korea, two major international banks, are no longer involved in the financing of Santos’ Barossa gas project. Tell Australian, Japanese, and other international banks to cut ties with Santos. It was...
NAB responds to shareholder warning on fossil fuel funding
NAB’s update is welcome progress but still falls short of alignment with the bank’s climate commitments.
APA Group: don’t light the fuse on the Beetaloo carbon bomb
APA Group is Australia’s largest gas pipeline operator. The company is planning to construct several pipelines to support extensive fracking in the Beetaloo Basin by Empire Energy and Tamboran Resources.
Adaro’s climate destruction journey
A recap of the mounting pressures and reputational risks linked with Adaro’s controversial coal activities In 2023, Adaro published a “decarbonization journey” that supposedly would carry the company towards a green transformation. Although it has recently...