Following the week of silence by First Nations organisations and leaders, we recognise the concerns regarding what has been called an ‘unbelievable and appalling’ result in the referendum, denying Aboriginal and Torres Strait Islander Peoples recognition in the...
Blog
CommBank avoids resolution, but warned it’s not off the hook on climate action
11 October 2023 Today, Commonwealth Bank faced questions from shareholders over the remaining gaps in its climate policy. This year, Market Forces, along with hundreds of shareholders decided not to file a resolution on climate-related risk at the CommBank AGM. This...
Voice Referendum – Market Forces statement in support of YES vote
Market Forces supports a YES vote in the upcoming referendum to recognise Aboriginal and Torres Strait Islander peoples in the Constitution and establish an Aboriginal and Torres Strait Islander Voice. We also support full implementation of the Uluru Statement from...
Australian and Japanese banks receive warning to stay out of Papua LNG
Wednesday, 27 September 2023 Ahead of TotalEnergies’ Investor Day in France, Australian banks ANZ and NAB and Japanese banks MUFG, SMBC, and Mizuho received letters from Market Forces, Jubilee Australia and Papua New Guinean civil society organisation CELCOR (Center...
Banks and regulators must smell the smoke: Coal is not a transition fuel
OPINION | Binbin Mariana, Energy Finance Campaigner at Market Forces in Jakarta, Indonesia. A former banker, Ms Mariana believes financial institutions have a duty to prevent the climate crisis. Indonesia is at a crossroads on climate change. Extreme disasters are...
New Analysis: Australia’s biggest super fund backs top fossil gas producer
MEDIA RELEASE Tuesday 12 September, 2023: New analysis by Market Forces reveals Australia’s biggest super fund, AustralianSuper, is one of the top five shareholders in the country’s largest oil and gas company, Woodside, increasing to 85 million shares in 2022. The...
Super fund support for Woodside and Santos’ climate-wrecking expansion plans
12 September 2023 Our latest analysis shows members of Australia’s biggest super funds own a significant stake in some of Australia’s worst climate criminals, Woodside and Santos. For the first time, we’ve paired our investment analysis with share voting data to...
Coal and media need to wake up and smell the smoke
By Antony Balmain, Media and Communications Manager, Market Forces Sometimes it seems as if I am living in a parallel universe. This week, Whitehaven Coal, one of Australia’s largest coal miners, announced record profits and forecast growth plans completely...
CommBank’s climate policy update leaves ANZ, NAB and Westpac in the dust
9 August 2023 This morning Commonwealth Bank announced a host of new fossil fuel finance restrictions, bringing Australia’s biggest bank closer to alignment with its commitments to the goals of the Paris Agreement and net zero emissions by 2050. Announcing a series of...
Banks finally dump Whitehaven Coal
In a win that's been a long time coming, news broke this week that Australia's largest independent coal miner Whitehaven Coal is currently unbankable. This is a major development that further proves the effectiveness of the people-powered movement to drive finance out...