MEDIA RELEASE: 21 July 2022 New analysis by Market Forces reveals several super funds are potentially misleading consumers and contravening the Australian corporate regulator’s ‘greenwashing’ advice. Eight of 11 major super fund investment options labelled...
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Major UK bank cuts ties with Indonesian mega coal producerÂ
Jakarta, 14 July 2022 - One of the largest United Kingdom banks, Standard Chartered, has confirmed that it is ending investment in Indonesia’s second largest coal producer, PT Adaro Indonesia and other banks need to follow suit in line with their energy and fossil...
Shareholders urge Japanese companies to take urgent climate action
TOKYO, Japan, 29 June 2022 Market Forces, Kiko Network, 350 org. Japan, FoE Japan, Rainforest Action Network Mitsubishi Corporation AGM (June 2022) Japanese corporations have faced a record number of shareholders backing proposals calling for greater action and...
Behind Bangladesh’s carbon catastrophe
OPINION | Munira Chowdhury, Acting Research Coordinator When I mention Bangladesh, people think of a country prone to devastating floods and cyclones. It’s true. Right now, millions of Bangladeshis are stranded without safe drinking water and food after the worst...
World’s largest insurance broker cuts ties with Adani Carmichael coal mine
23 June 2022, for immediate release The Adani Carmichael coal mine’s long-standing insurance broker, Marsh, has confirmed it has ended its commercial relationship. This news, published in InsuranceERM, comes two weeks after the #StopAdani campaign received an...
Cancellation of Bangladesh coal fired power project must be first step to decarbonise
MEDIA RELEASE: 23 June 2022 - for immediate release In a major victory for climate action, Japan has announced an end to funding of two major coal power projects, Indramayu in Indonesia and Matarbari 2 in Bangladesh. Following the announcement, the Bangladesh...
Has Lockton put ethics aside to back Adani’s disastrous coal mine?
UPDATE 26 August 2022 Lockton has confirmed to Market Forces that it is not and will not broker insurance for Adani's Carmichael thermal coal project. Find out more here. 23 June 2022 Two weeks ago, the #StopAdani campaign received a tip-off that on 29 May 2022,...
Members divest millions from HESTA over fossil fuels
17 June 2022 Today, more than one hundred health and community services workers across Australia shifted millions of dollars away from HESTA over the fund’s investments in companies expanding fossil fuels. In the single biggest climate divestment day targeting a...
Millions divested from HESTA health super fund over investment in fossil fuels
17 June 2022 Health workers around Australia are divesting their funds from HESTA superannuation due to its investments in companies expanding fossil fuels. In the biggest single climate divestment day targeting a superannuation fund in Australia’s history, more...
BHP to close Mt Arthur thermal coal mine by 2030
16 June 2022 BHP today announced it will close its last thermal coal mine, Mt Arthur in NSW's Hunter Valley, by the end of the 2030 financial year. This is an important and pleasing departure from BHP's previous plans and actions relating to its fossil fuel assets,...