FAR: ‘two degrees is laughable in the extreme’

FAR is an Australian owned oil and gas company which operates in Guinea-Bissau, Kenya, Australia and Senegal, a country already facing severe impacts from climate change. Currently the executive bonuses of FAR are tied to how much oil and gas they find. CEO Catherine Norman receives up to $100,000 per … Read More

Sundance: Not aware of any risks from climate change

  Sundance Energy, the company that had its annual general meeting in Adelaide today, has had a tough run lately. US Secretary of State and former CEO of Exxon Mobil Mr. Tillerson sued them because he alleged that his $5 million property was in danger due to Sundance’s unconventional gas … Read More

Sino Gas: climate change not a business risk

18 May 2017 Sino Gas is a small Australian owned unconventional gas company which operates in China. Despite the known risks to land, water and human health associated with fracking, the Macquarie Bank has lent to Sino Gas, as have other international banks. Sino Gas held their annual general meeting … Read More

Santos shows contempt for investors, climate change, at its AGM

Adelaide, Thursday, 4 May 2017 A resolution that would have directed Santos to disclose the risks climate change poses to its business has been defeated at today’s annual general meeting of the company, which reiterated its intent to explore for more unconventional gas and said that when considering its future under climate … Read More

Medibank: Divest for health!

In November 2016 Medibank faced several questions from shareholders regarding their fossil fuel investments and their lack of preparedness for the impacts of global warming on their business. Six months later some customers and shareholders are starting to get restless at what appears to be a lack of action on … Read More

Media Release: Westpac’s coal exclusion means no funding to Adani coal mine

Brisbane, 28 April 2017 Environmental finance campaigning organisation Market Forces has welcomed the climate change policy update released by Westpac today, which makes the bank the latest to rule out funding Adani’s Carmichael coal mine. The policy tightens the criteria for Westpac’s funding of new thermal coal mines, meaning the bank will … Read More

Big banks loaned $10 billion to fossil fuels in 2016

6 March 2017 2016 was the first full year after the Paris agreement was signed, and since Australia’s big banks all committed to support the goal of holding global warming to well below 2ºC. So, how exactly did the banks go about backing up their 2°C commitments last year? Well, … Read More

Media Release: HCF Becomes First Health Insurer to Dump Fossil Fuels

Melbourne, 10 February 2017 Finance campaign group Market Forces is welcoming the announcement that private health fund HCF will divest from all fossil fuels in the first quarter of this year. Representing over 680,000 Australians and responsible for $2 billion of assets, HCF holds more than $200 million in equities, … Read More