Fossil fuel investments tanking

16 May 2020 The value of Australia’s fossil fuel producers has tanked over the last 10 years, a trend which has been exacerbated during the Covid-19 pandemic. We identified 11 companies in the top 300 listed on the Australian share market (ASX 300) whose sole business is producing coal, oil … Read More

Super funds let Beach Energy off the hook on climate change

26 November 2019 Another week, another Australian fossil fuel company belies super funds’ climate engagement claims. Earlier this year, Market Forces named oil and gas producer Beach Energy as one of the 21 big Australian companies undermining climate action. With plans to spend around $750 million each year to massively … Read More

Seven Group Holdings has no fossil fuel exit plan

Seven Group Holdings AGM 2019

20 November 2019 In response to shareholder questioning at Seven Group Holdings’ annual general meeting in Sydney today, Director Terry Davis confirmed the company has no exit plan for its oil and gas businesses. With ownership stakes in a range of businesses and industries, SGH is able – but not … Read More

Beach Energy, unconventional and unsafe

10 November 2016 Beach Energy held its annual general meeting (AGM) in Adelaide today, where local campaigners for the protection of agricultural land questioned the efficacy of Beach Energy’s unconventional gas exploration in the Otway Basin. Beach Energy is Australia’s largest onshore oil producer, most active in the Cooper and … Read More

Big bonuses to fossil fuel execs for Digging Deeper

Despite the desperate need and global commitment to ditch fossil fuels, our latest report reveals fossil fuel companies are continuing to search for more unburnable carbon. In many cases, exploration is encouraged through executive remuneration packages. Despite their potential influence as significant shareholders, Australia’s super funds are voting for these wasteful bonuses that encourage … Read More