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...
Beetaloo Basin
‘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...
Macquarie’s huge LNG export gamble puts more than investors at risk
By Morgan Pickett, Senior Policy Analyst, Market Forces, a clean energy finance advocacy organisation. Macquarie Group began life in Sydney in 1969 with just three employees. Today, Macquarie is one of Australia’s most powerful financial institutions, operating across...
Macquarie suffers shareholder backlash for climate backflip and new fossil fuel finance
Wednesday 20 May: More than 160 shareholders have joined with Market Forces to demand Macquarie Group explains how increasing its fossil fuel lending, slashing its green energy investments and watering down its climate strategy is consistent with its commitment to the...
Santos 2026 AGM
At the Santos 2026 annual general meeting, Traditional Owners and Indigenous Leaders travelled thousands of kilometres - from Papua New Guinea, Borroloola (Northern Territory), and Narrabri (NSW) - to challenge the company’s controversial gas expansion plans....
New analysis: Santos contributes to quadrupled gas prices for Australians
Wednesday 8 April: New Market Forces analysis reveals Australia’s second biggest oil and gas company, Santos, is contributing to nearly quadrupled gas prices on the East Coast of the country by prioritising the sale of its fossil fuels overseas, adding to cost of...
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...
We’re all paying the price of banks and pension funds fuelling climate disasters
By Kyle Robertson, Head of Research, Market Forces. People across Asia and Australia are experiencing another scorching season of deadly and terrifying wildfires, heatwaves and floods. The world has just endured the three hottest years on record according to the World...
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...