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...
Blog
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...
Warning sent to Commonwealth Bank ahead of crucial climate policy update
4 July 2023 Today Commonwealth Bank will receive hundreds of copies of a joint statement, calling on the bank to end all financing for new and expanded fossil fuels in its upcoming climate policy update. The statement, coordinated by Market Forces and endorsed by 35...
Woodside pushing ahead with Trion oil field, another project out of line with Paris climate goals
20 June 2023 Climate wrecking oil and gas company Woodside has today made the decision to proceed with a new offshore oil field, once again demonstrating a complete disregard for investor demands to align with global climate goals. Woodside today made the final...
Indonesia’s Just Energy Transition must be transparent and green
OPINION | Andri Prasetiyo, Senior Researcher at Senik Centre Asia and Nabilla Gunawan, Indonesia Energy Finance Campaigner at Market Forces The Just Energy Transition Partnership (JETP) between Indonesia and its major trading partners is at risk of stifling...
HESTA’s sleight of hand distracting members from the fund’s most climate-damaging investments
14 June 2023 HESTA’s latest climate change report yet again fails to articulate the fund’s expectations of the most climate-damaging companies in its portfolio, including Santos and Woodside. For all its lofty claims of climate action, HESTA continues to invest in...
Big four banks pour $7.6 billion into fossil fuel expansion
MEDIA RELEASE Tuesday 30 May: A new report by Market Forces reveals Australia’s big four banks have used smoke and mirrors to continue pouring billions of dollars into fossil fuel expansion. The report - Banking Climate Failure - finds ANZ, Commonwealth Bank of...
アジア新興国の活動家がJERAに変化球を投球
English 今週行われた、プロ野球セントラル・リーグの試合会場にて、バングラデシュ、インドネシア、フィリピンの活動家たちが、セ・リーグのタイトルスポンサーでもあるJERAが、大規模な汚染を引き起こし、化石燃料ベースの汚染技術をアジア中に広めていると訴えました。 JERA、およびJERAの株主である東京電力、中部電力、さらにこの3社への投資家は、現地コミュニティの反対を受けて、自社の評判が低下するリスクについて留意する必要があります。 球場内でのアクションの様子 球場前でのアクションの様子...
Emerging Asia activists throw JERA a curveball
Japanese This week, at a major Central League baseball game, activists from Bangladesh, Indonesia and the Philippines called out JERA, a massive polluter and sponsor of the league, for spreading its dirty, fossil fuel-based technologies across Asia. JERA, and its...