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...
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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,...
Revealed: QBE insuring new coal plant construction in Vietnam
9 June 2022 A briefing released today by the international Insure Our Future campaign and Korea-based Solutions For Our Climate reveals that Australian insurer QBE is providing insurance for the construction of the Nghi Son 2 coal-burning power station in Vietnam, and...
Wangan and Jagalingou people call on GLAS to cut Adani coal ties
31 May 2022 Wangan and Jagalingou (W&J) Traditional Owners have released a video calling on UK-based debt administration services company GLAS Agency to do no further work for Adani in Australia. In the video, W&J Cultural Custodian Coedie McAvoy, who has been...
Market Forces founder Julien Vincent receives Goldman Environmental Prize
Hi everyone. This is a pretty special moment for me, but also for Market Forces, our team and supporters, and all those who have taken action to shift finance and investment away from fossil fuels. Today I have been given the honour of receiving a Goldman...
Revealed: HESTA and other super funds investing in Adani coal mining subsidiary
23 May 2022 New regulations coming into effect last month require superannuation funds to disclose all of their holdings. With this data now available to the public, Market Forces checked the exposure of super funds to the two Adani Group subsidiaries directly...
Win! Deutsche Bank abandons Whitehaven Coal’s bond issue
20 May 2022 A media report in Germany confirmed publicly this week that Deutsche Bank has withdrawn from its involvement in a bond issue for climate-wrecking Whitehaven Coal, following a concerted people-powered campaign coordinated by Market Forces. Business...