Whitehaven Coal faced intense questioning from shareholders and continued investor discontent from several major investors at its annual general meeting (AGM) held in Sydney on Wednesday. The company’s remuneration plan received a 13% vote against it, signalling...
coal
Whitehaven faces heat over executive pay linked to huge coal expansion
Wednesday 30 October: Market Forces has joined with more than 100 shareholders calling on investors to vote against Whitehaven Coal’s remuneration plan for its executives at the company’s annual general meeting (AGM) today. New Market Forces analysis finds Whitehaven...
Australia’s sovereign wealth fund invests $1 billion in big coal and gas
Thursday 24 October: New Market Forces analysis reveals that the Future Fund has more than $1 billion invested in three of Australia’s biggest fossil fuel expanding companies, Woodside Energy, Santos and Whitehaven Coal. The analysis finds the Future Fund is a top 10...
Big four Australian banks pour $3.6 billion into fossil fuels in 2023
MEDIA RELEASE Tuesday 16 July: A new report by Market Forces reveals Australia’s big four banks have poured more than AU$61 billion into fossil fuels since the global agreement to limit climate change was adopted in Paris over eight years ago. The analysis finds ANZ,...
Top super fund re-invests in coal expansion
MEDIA RELEASE Tuesday 25 June: New Market Forces analysis reveals a top 30 super fund has walked back its fossil fuel exclusion policy, re-exposing its members’ retirement savings to one of Australia’s biggest thermal coal miners, Whitehaven. The new research finds...
NAB responds to shareholder warning on fossil fuel funding
NAB’s update is welcome progress but still falls short of alignment with the bank’s climate commitments.
Adaro’s climate destruction journey
A recap of the mounting pressures and reputational risks linked with Adaro’s controversial coal activities In 2023, Adaro published a “decarbonization journey” that supposedly would carry the company towards a green transformation. Although it has recently...
Super funds invest $39 billion in fossil fuel growth
MEDIA RELEASE Tuesday 28 May: A new Market Forces report reveals Australia’s top 30 super funds have more than $39 billion invested in companies globally with the biggest fossil fuel expansion plans. Investments in this group of 190 companies - dubbed The Climate...
Southeast asian banks must dump Indonesian coal
Profusion of standards has allowed companies to obscure potential financial impact
New Analysis: Investors failing to drive climate governance through director votes
MEDIA RELEASE Tuesday 9 April: New analysis* finds board directors of coal, oil and gas companies pushing ahead with new projects continue to be elected with an average of more than 95 per cent of shareholder support, contradicting claims investors are driving...