Hi everyone. This is a pretty special moment for me, but also for Market Forces, our team and supporters, and all those who have taken action to shift finance and investment away from fossil fuels. Today I have been given the honour of receiving a Goldman...
fossil fuel divestment
Media Release: Lloyd’s takes a step away from coal, threatening Adani’s Carmichael project
17 December 2020 Lloyd’s of London will be publishing its first Environment Social and Governance (ESG) Report today, potentially ending the Adani Carmichael coal project’s ability to secure insurance in its marketplace. According to reports, Lloyd’s is recommending...
HSBC bosses spin yet more climate rhetoric on coal finance for developing countries
A full-page ad in the UK’s biggest business newspaper, a protest and plenty of deservedly tough questions. HSBC’s AGM had it all. 15 April 2019 Last Friday marked HSBC’s 2019 annual general meeting (AGM) and a year since the bank shamefully decided to leave the door...
Vision Super dumps coal and tar sands
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text]27 November 2018 This week industry super fund Vision Super, whose membership is mainly made up of Victorian local government employees, announced that it will begin...
Medibank confirms shift out of fossil fuel investments
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text]14 November 2018 Health insurer Medibank reaffirmed its commitment to dumping its coal, oil and gas company shares before the end of this financial year at its...
Despite stated intentions, NIB remains invested in fossil fuels
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text] 31 October 2018 NIB health insurance disappointed customers and shareholders at its annual general meeting (AGM) today with its continued delay in finishing off the...
QBE’s support for fossil fuels costing its customers and our climate
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][x_image type="none" src="https://www.marketforces.org.au/wp-content/uploads/2018/07/MF-QBE-Subversion-Web-Slider-v02-Coral-Bleaching-1500-x-400-px.png" alt="" link="false"...
Medibank, NIB & HCF divestment job half-done
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][cs_text _order="0"]Update 27 September 2018: Medibank has confirmed that it will have completed its shift to low-carbon investments for their Australian share portfolio by...
QBE to review climate risk of investments and underwriting
[cs_content][cs_element_section _id="1" ][cs_element_row _id="2" ][cs_element_column _id="3" ][x_image type="none" src="https://www.marketforces.org.au/wp-content/uploads/2018/08/qbe-action-image-small.jpg" alt="" link="false" href="#" title="" target="" info="none"...
Media Release: Climate change spurs Medibank fossil fuel divestment
Monday 13 November, 2017: Medibank’s announcement it will divest tens of millions of dollars from fossil fuels due to the ‘health effects of climate change’ has been welcomed by environmental finance group Market Forces. The decision came today in an ASX statement in...