HESTA must ramp up the pressure on Santos

13 April 2023 HESTA last week lodged a formal vote calling on oil and gas company Santos to wind up oil and gas production in line with a net zero emissions by 2050 pathway. This is a great sign HESTA is taking members’ concerns seriously, but with Santos still pursuing … Read More

Australia’s five biggest super funds failing on key climate promises

MEDIA RELEASE Wednesday 15 March, 2023: A new report by Market Forces finds Australia’s five biggest super funds are greenwashing and exposing themselves to legal risk by failing to effectively engage with companies expanding fossil fuels. Managing more than $1 trillion of members’ retirement savings, the five funds analysed in … Read More

Big super funds quietly selling down shares in Santos and Woodside

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 these companies, which are both pursuing new oil and … Read More

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 Market Forces study finds 11 out of the 14 … Read More

UniSuper’s slow, quiet progress on fossil fuel divestment not good enough

UniSuper’s new climate risk report suggests the fund has continued quietly selling down its investments in Australia’s largest gas producer, Woodside, and to a lesser extent, fellow climate-wrecking oil and gas expander, Santos. Despite mergers and share price changes that would have seen UniSuper’s exposure to these companies increase substantially … Read More

Seems financial institutions can divest after all

1 April 2022 The flight of capital from the Russian economy since the invasion of Ukraine has torn many of the finance sector’s arguments against fossil fuel divestment to shreds. In this devastating case of the invasion of Ukraine, investor action has come far too late. For years, and especially … Read More