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...
Big four banks loan $10.7 billion to coal since Paris Agreement
10 May 2023 Market Forces’ new analysis shows Australia’s big four banks – ANZ, Commonwealth Bank, NAB and Westpac – have loaned a combined $10.7 billion to the coal industry since the Paris Agreement was signed, with ANZ ($3.6 billion) and NAB ($3.3 billion) the...
Super funds invest $34 billion in fossil fuel expansion
MEDIA RELEASE Sunday 7 May, 2023: A new report by Market Forces reveals Australia’s 30 biggest super funds increased their investment exposure to Australian and international companies most responsible for expanding fossil fuels in 2022 to a total of more than AU$34...
Whitehaven rushing ahead with new coal mine, backed by NAB and Westpac
2 May 2023 Whitehaven Coal has announced plans to start production at a new coal mine this year, flying in the face of global efforts to limit warming to 1.5°C. What’s worse, the company is pursuing these plans with the financial backing of two of Australia’s biggest...
After record vote against climate report in 2022, Woodside now sees record protest vote against directors
28 April 2023 Company directors under fire Nearly 35% of Woodside Energy’s shareholders voted against board member Ian Macfarlane’s re-election at the company’s annual general meeting (AGM) in Perth today. Investors also voted significantly against the re-election of...