Vision Super dumps coal and tar sands

Vision Super petition handover win

This week industry super fund Vision Super, whose membership is mainly made up of Victorian local government employees, announced that it will begin selling off its thermal coal and tar sands company shares. This positive and responsible move means Vision Super members’ money will no longer be used to fund … Read More

Medibank confirms shift out of fossil fuel investments

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 annual general meeting (AGM) today. After pledging to divest from fossil fuels at its 2017 AGM due to the terrible impacts of the … Read More

Despite stated intentions, NIB remains invested in fossil fuels

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 fossil fuel divestment work it began way back in 2016. In March 2016, NIB dumped coal, oil and gas company shares from its international share … Read More

Medibank, NIB & HCF divestment job half-done

Update 27 September 2018: Medibank has confirmed that it will have completed its shift to low-carbon investments for their Australian share portfolio by 30 June 2019. NIB and HCF are still to set a date. The following was received from Medibank’s CFO yesterday: “…we were pleased to achieve our commitment … Read More

QBE to review climate risk of investments and underwriting

16 August 2018 Yesterday, volunteers from Market Forces and 350.org visited QBE’s head office in Sydney and spoke to staff about its climate change policies. QBE, Australia’s largest global insurer, is facing increasing pressure to end its support for fossil fuels. The company is an important provider of insurance to … Read More

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 advance of the health insurer’s Melbourne AGM, … Read More