18 October 2022 The latest round of mandatory super fund disclosures reveal that most of Australia’s biggest super funds are selling shares in climate wrecking oil and gas companies Santos and Woodside. Some funds, however, have significantly increased their stake in...
New analysis: Australia’s biggest super funds fractured on fossil gas
MEDIA RELEASE Tuesday 18 October: New analysis by Market Forces reveals some of Australia’s biggest super funds have been selling millions of shares in oil and gas giants Woodside and Santos, while others are investing heavily in these climate-wrecking companies. The...
HESTA asks the impossible of oil and gas producers Woodside, Santos and Origin, rather than divesting
In an attempt to justify continued investment in climate wrecking oil and gas producers Woodside, Santos and Origin, HESTA announced today it had asked the impossible of those companies, requesting they demonstrate how their new or proposed fossil fuel projects fit...
HESTA’s investments in Santos and Woodside may be a breach of the law
The Environmental Defenders Office has sent HESTA a legal letter on behalf of HESTA members Rod and Sue. The letter states that HESTA’s investments in Santos and Woodside could be in breach of the fund's obligations to manage climate risk. The letter also claims...
Is your super fund’s ‘sustainable’ option invested in companies expanding the fossil fuel industry?
21 July 2022 In response to member concerns over their super fund’s investments in climate wrecking companies, funds often point members to their ‘sustainable’ investment options. However, new analysis from Market Forces reveals some of these options are failing to...
How much is your super fund investing in climate-wrecking oil and gas companies Woodside and Santos?
12 April 2022 Finally, after years of delay, super funds now have to disclose all their investments. The recent release of this information reveals all of the big super funds are investing members’ money in two of Australia’s most climate-destructive companies, gas...
Cbus and Media Super merger: Combined fund must go further on climate action
4 March 2022 Cbus and Media Super announced merger plans last year, and have now set a completion date. However, each fund takes a different approach to climate change, and the question that remains to be answered for members of both funds is this: what will this...
Tell Brookfield: don’t enable Woodside’s climate-wrecking Scarborough gas project
Despite the science telling us there is no room for new fossil fuel projects if we’re to meet the Paris climate goals, Woodside Petroleum is trying to build a destructive gas project on the West Australian coast, which would include a massive new offshore gas field...
Macquarie fails to rule out funding fossil fuel projects incompatible with net zero
29 July 2021 Major Australian financial institution Macquarie was today challenged by shareholders and communities over its support for the oil and gas industry, and inconsistencies between this support and its commitment to net zero emissions by 2050. Just weeks...
The Economist invites company building massive new coal mine to present on climate risk
16 November 2020 The Economist Magazine’s Climate Risk Asia Week starting on 30 November includes a number of online events discussing the various aspects of climate risk. The one that particularly caught our attention is the session on Financing Infrastructure, which...