Melbourne, 4 August 2016 Australia’s major banks have made a mockery of their ‘two degree’ commitments by pouring AU $5.6 billion into the expansion of the fossil fuel industry in the months since the December 2015 Paris climate change agreement. New research released...
Banks fail 2ºC climate test, pour $5.6b into fossil fuels
3 August 2016 Australia's big four banks have made a mockery of their ‘two degree’ commitments, pouring $5.6 billion into the fossil fuel sector since the December 2015 Paris climate change agreement. Our latest research shows the banks' have failed to come anywhere...
NAB chalks first stranded coal power plant
9 July 2016 The Callide C coal-fired power station in Central Queensland has gone into receivership after failing to make a $50 million payment on its debt which expired last month. Several news sources, including the Australian Financial Review, are reporting the...
Renewables lending plummets as Katter calls for coal funding
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Can the big banks be coal free in five years?
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QBE dodges questions but offers dialogue
5 May 2016 Market Forces representatives attended the QBE AGM in Sydney on Wednesday. QBE is the largest insurer in Australia by market capitalisation, and operates across 37 countries employing over 14,000 people. QBE is also a critical ally to the fossil fuel...
Media release: Crowdfunding campaign sends Bulga locals to confront mining giant Rio Tinto at its AGM
4 MAY 2016 Three local residents from the historic town of Bulga in the New South Wales Hunter Valley are set to bring their campaign opposing Rio Tinto’s coal mine expansion at Mt Thorley Warkworth directly to the company’s AGM in Brisbane on Thursday. This follows a...
Bulga to Brisbane update: Thanks and final preparations
3 May 2016 After an incredible response to our crowdfunding campaign, Bulga residents Aneemaree and Rob McLaughlin and Judith Leslie are now preparing to take their fight up to Rio Tinto at the company's annual general meeting (AGM) in Brisbane on Thursday. The...
Media Release: New campaign targets QBEs climate hypocrisy
Monday 2nd May, 2016 As QBE prepares for its Sydney AGM in Sydney on Wednesday, Market Forces has today launched a new campaign calling on the insurance company to stop ‘making climate change possible.’ Activists this morning visited the company’s headquarters in...
Climate change: made possible by QBE
Activists this morning gave QBE’s headquarters a colourful new rebranding, illustrating how the insurance company was making climate change possible through its underwriting of major fossil fuel projects.