Take action – Call out Cbus’ climate hypocrisy

With millions of people around the world taking to the streets to call for urgent action to halt the climate crisis, Cbus has proved itself a massive climate hypocrite. At AGL’s annual general meeting, Cbus voted against a shareholder proposal that asked Australia’s biggest carbon polluter to reduce its emissions … Read More

Media release: Investors heap pressure on AGL

Thursday 19 September 2019 At today’s AGM in Sydney, over 30% of shareholders, worth more than AU$3.8bn, voted against management and in support of a resolution calling on the company to reduce emissions in line with the goals of the Paris Climate Agreement. Response from Will van de Pol, Market … Read More

AGL shareholders demand coal plant closure

19 September 2019 AGL shareholders today sent a strong message to Australia’s biggest climate polluter, with more than 30% voting in favour of a resolution demanding the company reduce emissions in line with the Paris climate goals. Only twice before has a climate change-related shareholder proposal received more than 20% … Read More

Our super funds can help sway climate-change targets

18 September 2019 Market Forces in the Media: Op-ed in the Sydney Morning Herald by Julien Vincent, Executive Director, Market Forces It was one of the loudest signals yet that Australian superannuation funds wanted strong action on climate change. Ahead of this year’s G20 meeting in Japan, the likes of … Read More

Media release: AGL management rejects climate resolution

8 August 2019 AGL’s management today advised shareholders to reject a resolution calling on the company, Australia’s largest greenhouse gas emitter, to reduce emissions in line with the climate goals of the Paris Agreement. “AGL’s argument against a common sense shareholder resolution appears to reject the science, which tells us … Read More

Norwegian sovereign wealth fund pulls $3 billion out of AGL, BHP and South32

The Norwegian government’s decision to tighten the Government Pension Fund Global’s (GPFG) coal exclusion criteria will see the world’s richest sovereign wealth fund withdraw a combined AU$3 billion from AGL, BHP and South32. The announcement comes at a particularly bad time for AGL, just days after the company’s share price … Read More

AGL reaffirms closing Liddell coal-fired power station by 2022

26 September 2018 Today energy giant AGL faced angry community representatives and shareholders at its annual general meeting (AGM) in Melbourne. Most of question time was taken up by the Western Port community voicing their concerns over Crib Point, with the board becoming visibly frustrated at having to engage with the … Read More

Another year, another $1m in political donations from fossil fuel companies

1 February 2018 Malcolm Turnbull’s personal donation of $1.75 million around the time of the 2016 Federal election may have grabbed all the headlines, but the ongoing contributions to political parties by Australia’s largest fossil fuel companies may explain why our climate policies are so appallingly weak. Fossil fuel companies … Read More

Shareholder Action 2017

Market Forces is working with shareholders to put climate change on the agenda of Australia’s biggest companies, and getting some great results. Below are some highlights from annual general meetings held in the second half of 2017. 19 December 2017 Click to read our full write up of the ANZ … Read More