Media Release: Australians hoodwinked by superfunds over multi-million dollar executive fossil fuel exploration bonuses

Melbourne, Thursday 29 September, 2016: A new report released today by environmental finance campaigners Market Forces reveals the multi-million dollar bonuses awarded to Australian and international fossil fuel company executives for expanding reserves which are unburnable under any plausible two degree climate scenario – and the duplicity of superannuation funds … Read More

Civil society to banks: get off fossil fuels!

15 September 2016 Over 100 civil society organisations and prominent Australians have signed an open letter, published today, that calls on Australia’s major banks to live up to their climate change commitments. The letter, signed by environmental and faith-based groups, unions, artists, writers, academics, health professionals, climate change scientists and … Read More

IAG Commits To 2 Degrees

19 August 2016 Insurance Australia Group (IAG) today became the first Australian insurance company to commit to the 2015 Paris Agreement to limit global average temperature rise to two degrees. You’d think insurance companies would have been the first institutions to acknowledge and support actions to address climate change, given … Read More

Ten dodgy fossil fuel deals hurting the banks

Published: 9 August 2016 Jump to: #1 Wiggins Island (WICET) #2 Peabody Energy #3 Adani Abbot Point #4 Whitehaven Coal #5 Newcastle Coal Port #6 Dalrymple Bay Coal Port #7 Origin – APLNG #8 Santos – GLNG #9 Aurizon #10 Dodgy deal in the pipeline? And one that’s already gone … Read More

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 close to meeting their commitments to help hold global … Read More

Renewables lending plummets as Katter calls for coal funding

4 July 2016 On the same day that Bob Katter demands public money be sunk into the proposed Galilee Basin coal export projects we find that, as of late June 2016, the big four banks’ lending to renewable energy is near record lows. If we had a dollar for every #renewableenergy … Read More

Can the big banks be coal free in five years?

18 May 2016 Whether or not they realised it at the time, Australia’s major banks signed up to some radical changes at the end of 2015. They all came out in support of the goal to hold global warming to below two degrees, recognising the role they had to play … Read More

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 Sydney, to colourfully highlight the company’s role as a major insurer … Read More