MEDIA RELEASE Wednesday 15 March, 2023: A new report by Market Forces finds Australia’s five biggest super funds are greenwashing and exposing themselves to legal risk by failing to effectively engage with companies expanding fossil fuels. Managing more than $1 trillion of members’ retirement savings, the five funds analysed in … Read More
Which super funds are the biggest enablers of climate-wrecking oil and gas expansion?
21 February 2023 Now that super funds are required to disclose their investments to members every six months, we are able to track over time which funds have the highest proportion of their members’ retirement savings invested in climate-wrecking oil and gas companies like Santos and Woodside. For the first … Read More
Climate scepticism remains at the top of AMP
Last week in the USA, JPMorgan Chase announced the demotion of former Exxon CEO and architect of climate denial, Lee Raymond, from his previous lead director role. Yet in Australia, the head of AMP David Murray stays in his position of chairman despite having previously disputed the science of climate … Read More
AMP Chairman: “My opinions about climate change are irrelevant”
2 May 2019 Last year, AMP appointed this man as its new Chairman: With a history of climate-sceptic comments like this, it’s unsurprising that Murray was challenged over his views on climate change at AMP’s annual general meeting in Sydney today. He was given every opportunity to redeem himself when … Read More
Op-ed: Investors must reject climate denial on boards, starting with AMP
Market Forces in the media Will van de Pol, Renew Economy 30 April 2019 Climate change is already dominating the federal election campaign, as Messrs Morrison and Shorten dodge and weave protesters, aghast that either major party’s policy could still allow for massive new coal mines like Adani’s Carmichael project. … Read More
Do you own a piece of these dirty fossil fuel projects?
21 November 2018 Super funds invest our retirement nest eggs in major infrastructure projects and assets, not just companies. This means you are likely to own a piece of some of the biggest, dirtiest fossil fuels projects on the planet. Market Forces has found widespread investment in fossil fuel infrastructure … Read More
Embattled AMP stands firm over new climate denier chairman
10 May 2018 Acting AMP chief executive Mike Wilkins today dismissed deep concern over incoming chairman David Murray’s controversial views on climate change at the financial services company’s annual general meeting (AGM) in Melbourne. Wilkins affirmed his backing for Murray, an outspoken climate sceptic, during a fiery question-time session in which furious shareholders grilled the board over revelations of … Read More
AMP appoints climate change denier as chairman
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has seen heads roll at AMP, with both the Chair Catherine Brenner and CEO Craig Meller leaving the financial services company. But in news today it was announced that former CEO of Commonwealth Bank and Future Fund Chair David Murray … Read More
#StopAdani Corporate Villains tour of Melbourne, 1 Nov
We are at an important stage of the #StopAdani Campaign. A crucial period where Adani is racing against the clock to reach financial close and convince the Australian Government to fund its climate destruction. We are learning more and more about Adani’s shady business dealings, and it’s time to shed … Read More
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