OPINION | Jo Dodds, President of Bushfire Survivors for Climate Action Over recent weeks, bushfires have been raging across the country in NSW, Victoria and Central Australia, and it’s deeply troubling. I’m worried for everyone near the fires. It’s particularly...
Blog
Australia’s five biggest super funds failing on key climate promises
MEDIA RELEASE Wednesday 15 March, 2023: A new report by Market Forces finds Australia’s five biggest super funds are greenwashing and exposing themselves to legal risk by failing to effectively engage with companies expanding fossil fuels. Managing more than $1...
Santos shareholders urged to vote against remuneration report on climate grounds
MEDIA RELEASE Thursday 9 March: In an Australian first, a formal statement has been filed on behalf of over 100 shareholders, urging all investors to vote against Santos’ remuneration report on climate risk grounds. Will van de Pol, Acting Executive Director,...
Fake dead dolphins delivered to big four banks over Santos oil disaster
MEDIA RELEASE Thursday 23 February 2023: The big four Australian banks - ANZ, Commonwealth Bank, NAB and Westpac - have received a special delivery of ‘dead’ inflatable dolphins for financing oil and gas giant Santos, which allegedly killed marine life in a major oil...
First Super Dirty Gas awards for Equipsuper, Colonial First State and REST
MEDIA RELEASE Wednesday 22 February: Equipsuper, Colonial First State and REST have been shamed with the first ever Super Dirty Gas awards as new Market Forces analysis reveals the funds have the highest proportion of Australian shares invested in Santos and Woodside...
Which super funds are the biggest enablers of climate-wrecking oil and gas expansion?
21 February 2023 Now that super funds are required to disclose their investments to members every six months, we are able to track over time which funds have the highest proportion of their members’ retirement savings invested in climate-wrecking oil and gas companies...
Japan’s largest power company JERA faces complaint for failing to disclose fossil fuel risks
Media Release Wednesday 15 February: A complaint has been lodged with the Singapore Exchange outlining how Japan’s largest power company JERA has failed to disclose critical information on financial and legal risks in relation to a US$300 million bond issued in April...
Dirty and Dark – political donations from the fossil fuel industry
1 February 2023 The Australian Government continues to support fossil fuel exploration and development in Australia, despite 2021 modelling by the International Energy Agency (IEA), confirmed again in late 2022, which finds that there can be no new coal, oil or gas...
Pressure on Asian companies reaches boiling point for climate action
OPINION | Koh Matsuki CEO, Proxy Watcher Some of Japan’s biggest energy and resources companies are pushing full steam ahead to expand fossil fuel projects across Asia. But banks across Asia and corporate Japan – including Mitsubishi, Mizuho Bank and J-Power – are...
Ten years. A thank you message from the founder of Market Forces.
21 January 2023 It was ten years ago today that New Matilda published an article called “ANZ funds big coal boom”, describing ANZ’s recent coal deals and warning that the bank may well become involved in financing new coal mines and export projects in Australia. That...