QBE targeted over fossil fuel support as Australia burns

QBE Billboard in Sydney by Market Forces

4 February 2019 As Australians suffer under record-breaking extreme temperatures, bushfires and floods, Market Forces has launched an outdoor advertising campaign demanding Australia’s major global insurance company end its support for the fossil fuel companies driving global warming. Thanks to donations from Market Forces supporters, the billboard on the City … Read More

Big four banks increase their fossil fuel exposure

January 2019 Australia’s major banks have been getting back into fossil fuels over the last year, casting doubt on their seriousness in tackling climate change through their investments. This study compares the banks’ reported exposures to fossil fuels and renewable energy from 2017 to 2018, finding some very worrying trends. … Read More

NAB hauled over the coals at its 2018 AGM

NAB was forced to lay bare its contradictory climate and environmental, social and governance (ESG) policies highlighting the vast discrepancy between what the bank says, and what it does during question-time at its annual general meeting (AGM) in Melbourne.

Karoon Gas: not quite the environmentalist it claims to be

An offshore oil rig

30 November 2018 “We are at heart environmentalists,” CEO Robert Hosking of oil explorer and soon-to-be producer, Karoon Gas told shareholders at today’s annual general meeting in Melbourne.  The company, about to drill an offshore oil well in Peru that has a CO2 emissions potential of 110 million tonnes (that’s … Read More