20 July 2015 In today's Australian Financial Review, NAB has vowed to continue lending to renewable energy projects despite the Australian government's clear aversion to the sector, with a reported $1.6 billion worth of commitments to future projects globally. NAB has...
Blog
Australian LNG projects: the next stranded assets?
9 July 2015 For years, Australia has harboured dreams of being a big player in the liquefied natural gas (LNG) industry. Former Energy and Resources Minister (and now, conveniently, Chairman of the Australian Petroleum Production & Exploration Association Advisory...
Revealed: billions loaned to fossil fuels by the big banks
18 June 2015 Since 2008, Australia's big four banks (ANZ, Commonwealth, NAB and Westpac) have loaned $36.7 billion to the fossil fuel industry in Australia, and were involved in three-quarters of all deals to fossil fuel projects and companies over the same time...
Media Release: New Report highlights gulf between renewable and fossil fuel financing
ANZ confirmed as Australia’s biggest fossil fuel lender New Report highlights gulf between renewable and fossil fuel financing Melbourne, 18 June 2015: A new report from Market Forces shines a light for the first time on Australian banks’ financing of the fossil fuel...
Funding the Galilee coal mines just got harder
17 June 2015 It has been a privilege to support the Wangan and Jagalingou (W&J) traditional owners of the Galilee Basin to meet with banks across the US and Europe. The meetings were critical opportunities for the W&J to explain how financing Adani's proposed...
Supporting the Wangan and Jagalingou’s fight against Galilee coal
31 May 2015 In trying to build Australia’s biggest coal mine, Adani has not only picked a fight with everyone who values the environment, iconic sites like the Great Barrier Reef, a vision of a safe climate future and a world developing on clean, renewable energy....
Norway’s sovereign wealth fund to pull $138m from Australian coal
29 May 2015 Norway's parliament reached an agreement overnight that will see it's sovereign wealth fund divest from companies that derive more than 30% of revenue or business from coal. Worth around $1.15 trillion, the fund is the largest of its type in the world, and...
Commbank biggest lender to coal and gas in the Reef
16 May 2015 A lot has changed in the two years since we released our Financing Reef Destruction report, which identified Australia's big four banks as the leading financiers of fossil fuel projects within the Great Barrier Reef World Heritage Area. Some changes have...
Downer ASX announcement misled investors
Downer ASX announcement misled investors 14 May 2015; Melbourne, Brisbane Market Forces, through their lawyers Environmental Justice Australia, have lodged a complaint with the Australian Stock Exchange alleging that an ASX announcement of Downer EDI Limited contained...
Downer’s shares jump on false figures
14 May 2014 Market Forces, represented by lawyers at Environmental Justice Australia, has submitted a complaint to the Australian Stock Exchange (ASX) in response to an allegedly misleading disclosure published by Downer EDI in December last year. Downer had announced...