In-short: Westpac’s new climate plan, released late last week, is a massive backpedal on its previous position and puts it more on par with perennial climate laggard, ANZ. Westpac formerly had a clear requirement for oil and gas clients to produce a 1.5°C-aligned...
Blog
Empire Energy accused of misleading investors over Australia’s biggest gas fracking
Thursday 29 May: Market Forces has filed a complaint to the Australian Securities and Investment Commission (ASIC) alleging gas fracking company Empire Energy engaged in potentially misleading and deceptive conduct in a recent capital raise presentation for investors....
Macquarie faces first ever climate-focused shareholder resolution
Wednesday 21 May: More than 180 shareholders have joined with Market Forces to call on Macquarie Group to disclose the full extent of its financing for fossil fuels and outline how the global financial services company will ensure alignment with its climate...
Chaos reigned at Woodside’s AGM as the company refused to address genuine shareholder concerns
Woodside has made a habit out of dismissing shareholders’ concerns about climate change over the years, and today’s annual general meeting (AGM) was no different. On top of pressure from major investors like Aware Super and HESTA, the company faced a barrage of...
New Survey: Majority of Australians prefer renewable energy over gas
Wednesday 23 April: A new Market Forces YouGov national survey finds that three out of five Australians (59%) agree that expanding renewable energy such as wind and solar with battery storage is a better solution to meeting Australia’s energy needs than adding gas...
Beetaloo: Fracking the heart out of Australia
YouGov: Australians want banks to stop funding fracking
Dorothy and Toto deliver brain, heart and backbone to super funds failing on climate
AustralianSuper, HESTA and Hostplus are having trouble telling their climate claims apart from gas industry spin. So our new campaigners Dorothy and Toto delivered these funds some crucial missing parts. Nearly every super fund in Australia invests members’ retirement...
NZBA waters down ambition amid worsening outlook
This week the United Nations-convened Net Zero Banking Alliance (NZBA) overwhelmingly voted in favour of abandoning its commitment to “transition all…attributable GHG emissions from our lending and investment portfolios to align with pathways to net-zero by...
Gomeroi Traditional Owners vow to continue fighting Santos to protect Country
Santos continued to face heat over its oil and gas expansion plans at its 2025 Annual General Meeting (AGM) at the Adelaide Entertainment Centre. Shareholders were greeted with a protest outside the AGM in support of a safe climate and Gomeroi Traditional Owners, who...