Stranded assets, anyone? Testing times for the fossil fuel market

ORIGINALLY POSTED IN RENEWECONOMY, 17 October 2013 The phrase “buyer beware” is a particularly pertinent one for fossil fuel investors in the current market. The combined effects of global climate action, renewables growth, economic decline and pollution reduction have worked to dampen growth and sap investor confidence, as well as … Read More

How to Switch Banks and Make it Count

This guide will take you through the main steps of moving your account to a bank that won’t use your money to fund the next big coal or gas project. More importantly, it shows you how your divestment from your old bank can leave a lasting impression on them and … Read More

Australian coal projects could be ineligible to receive Chinese finance

Australian coal projects could be ineligible to receive Chinese finance 24 July 2013 Chinese banks have been notified that several Australian-based coal export projects could be ineligible for credit under China’s Green Credit Directive. A letter from international banking sector watchdog BankTrack and Australian environment group Market Forces has been … Read More

ANZ biggest gambler on dirty coal and gas exports

Melbourne, 31 May 2013 A new interactive map has been published that identifies ANZ as the commercial bank lending most heavily to coal and gas export projects along Australia’s Eastern seaboard, including in the Great Barrier Reef World Heritage Area. The map, by Market Forces in partnership with 350.org, allows … Read More

Market Forces 2013 budget response

Melbourne, 14 May 2013 Responding to the 2013 Federal Budget announcement, Market Forces Lead Campaigner Julien Vincent said: “When it came to the major opportunities for boosting the budget by cancelling polluter handouts, the Government has again cowered to the lobbying and pressure of big mining at the expense of … Read More

Financing Reef Destruction

Our report, Financing Reef Destruction, describes the threats faced by the Great Barrier Reef as a result of expanding coal and gas exports, and expose which banks have been most actively funding coal and gas export projects inside the World Heritage Site. Click the cover image to view the report. … Read More

Coal and gas concerns could shift $247 billion in super funds

Melbourne / Canberra, 11 March 2013 Polling has revealed that a quarter of superannuation fund members – representing $247 billion in pooled funds – would be prepared to move change superannuation funds if their current provider is found to be invested in coal and coal seam gas. The poll, conducted … Read More