Brisbane, 28 April 2017 Environmental finance campaigning organisation Market Forces has welcomed the climate change policy update released by Westpac today, which makes the bank the latest to rule out funding Adani's Carmichael coal mine. The policy tightens the...
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Will your super fund vote for or against climate action?
Oil Search and Santos are two of Australia’s largest oil and gas companies – and neither is addressing the risks of climate change. Oil Search is one of the biggest companies operating in Papua New Guinea, a country already feeling the effects of climate change. Sea...
Media Release: Santos rejects climate shareholder resolution
Santos rejects climate shareholder resolution Tuesday 4 April, 2017: Environmental finance organisation Market Forces has expressed disappointment that Santos’ management has advised shareholders to reject a resolution calling on the company to acknowledge and assess...
Media Release: Palaszczuk’s broken promise on QIC Adani trainwreck
Palaszczuk’s broken promise on QIC Adani trainwreck Friday 31 March, 2017: Support to Adani’s rail infrastructure from QIC is in clear breach of Queensland Premier Annastacia Palaszczuk’s election promise not to use public money to prop up the controversial coal...
Exposing Westpac with new honest advertising
Westpac puts a lot of effort into building their brand, which includes talking up their sustainability credentials in their advertising. But in reality Westpac has lent billions to dirty fossil fuel projects, and is the only major Australian bank that hasn’t distanced...
Aurizon wants to unlock Galilee coal – Take action!
17 March 2017 Aurizon has applied for a $1.25 billion loan from the Northern Australia Infrastructure Fund (NAIF) to construct the railway link needed to open Queensland’s Galilee Basin to coal mining. And guess what? Your super fund is most likely invested in this...
Santos shareholders lodge climate risk resolution
6 March 2017 Market Forces and over 100 individual shareholders have filed a resolution with the oil and gas major, Santos, demanding the company acknowledge and assess the risks posed to its business by climate change. The resolution is the first attempt to enforce...
Media Release: Australia’s banks’ $10 billion fossil fuel funding flouts climate pledges
Australia’s banks’ $10 billion fossil fuel funding flouts climate pledges MONDAY 6 MARCH, 2017: New analysis by finance group Market Forces reveals Australia’s ‘big four’ provided almost $10 billion in finance to fossil fuels across the planet in 2016 – three and a...
Big banks loaned $10 billion to fossil fuels in 2016
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ANZ’s coal policy. Weak, but at least effective!
28 February 2017 In October 2015, ANZ published a new Energy Policy with a carbon emission threshold to “ensure we only support new coal fired power plants that use advanced technologies and higher quality coal to significantly reduce emissions to at least 0.8...