Today ANZ announced that it will no longer provide direct project finance to pipelines dedicated to new oil and gas fields. The new policy brings ANZ into line with CommBank, NAB and Westpac, which all have restrictions on finance for pipelines built for new oil and...
APA Group
‘Gas or starvation’: APA Group’s $7 billion Beetaloo pipeline gamble questioned by shareholders
Shareholders challenged APA over its proposed Beetaloo gas pipeline, uncertain LNG demand and climate risks, as the company's CEO pointed to an ANZ banker in the audience as a sign of lender support. APA Group's chairman has defended the company's proposed...
Investors and Economists challenge APA Group over $7 billion gas pipeline
Thursday 22 October: Economists and investors are sounding the alarm over plans by APA Group, to push ahead with one of Australia’s biggest ever gas pipelines enabling fracking in the Beetaloo Basin, Northern Territory. Australian economists Nicki Hutley, Richard...
APA Group and fossil fuel industry must come clean on true costs of gas
By Will van de Pol, Chief Executive, Market Forces Of all the things being destroyed as a result of the United States and Israel’s war on Iran, long-term demand for liquefied natural gas (LNG) is not the first to spring to mind. But when high fuel price projections...
ASIC complaint against APA Group
Equity Generation Lawyers (EGL) and Market Forces have formally lodged a complaint with the Australian Securities and Investments Commission (ASIC) against APA Group - Australia's biggest gas pipeline operator - for misrepresenting the costs, scale and financial...
Scientists, Health Experts, Securityholders and NT communities put APA on notice over Beetaloo gas expansion
At APA Group’s 2025 Annual Meeting in Sydney, community leaders from the Northern Territory, climate scientists, doctors, and securityholders united to deliver one message the board could not ignore: You can’t claim climate action or Paris-alignment while building...
New Analysis: Fracking Beetaloo equals over 235 years of polluting gas power
Thursday 3 July: New Market Forces analysis reveals fracking the Northern Territory’s Beetaloo Basin would produce more than nine times the entire gas demand forecast for Australia's National Electricity Market (NEM) for the next 25 years. The report - Pipeline to...
UniSuper exits gas pipeline company APA Group
UniSuper, Australia’s fourth largest superannuation fund, has dumped its remaining shares in APA Group. Until recently, UniSuper was APA’s largest shareholder, owning 10% of the company. The fund sold $500 million worth of APA shares in October this year, before...
APA under pressure for enabling fracking in the Northern Territory at 2024 AGM
At APA’s annual general meeting last week 12.35% of shareholders voted in favour of a resolution calling on APA to disclose: how it plans to manage emissions from new gas infrastructure, including potential Beetaloo basin pipelines, and how they are compatible...
Traditional Owners, health leaders: 17,000 demand APA stop backing fracking
MEDIA RELEASE Thursday 24 October: Traditional Owners, leading doctors and scientists have joined over 17,000 people, environment and human rights organisations, to sign a letter calling on APA Group to end its plans to build a pipeline enabling dangerous gas...