At APA’s annual general meeting last week 12.35% of shareholders voted in favour of a resolution calling on APA to disclose: how it plans to manage emissions from new gas infrastructure, including potential Beetaloo basin pipelines, and how they are compatible...
gas
17,000 strong against APA unlocking the Beetaloo gas basin
Over 17,000 community members, including Traditional Owners, scientists, and healthcare professionals have called on APA not to light the fuse on the Beetaloo carbon bomb. Will UniSuper do the same? APA Group is Australia’s largest gas pipeline operator. The company...
Australia’s sovereign wealth fund invests $1 billion in big coal and gas
Thursday 24 October: New Market Forces analysis reveals that the Future Fund has more than $1 billion invested in three of Australia’s biggest fossil fuel expanding companies, Woodside Energy, Santos and Whitehaven Coal. The analysis finds the Future Fund is a top 10...
Traditional Owners, health leaders: 17,000 demand APA stop backing fracking
MEDIA RELEASE Thursday 24 October: Traditional Owners, leading doctors and scientists have joined over 17,000 people, environment and human rights organisations, to sign a letter calling on APA Group to end its plans to build a pipeline enabling dangerous gas...
Big four Australian banks pour $3.6 billion into fossil fuels in 2023
MEDIA RELEASE Tuesday 16 July: A new report by Market Forces reveals Australia’s big four banks have poured more than AU$61 billion into fossil fuels since the global agreement to limit climate change was adopted in Paris over eight years ago. The analysis finds ANZ,...
Global investors want more climate action from Japan’s megabanks
OPINION | Will van de Pol, CEO at Market Forces Japan's big banks have a big problem. Like climate change, it will get much worse unless it is addressed quickly. The megabanks are lagging behind when it comes to playing their part in the critical transition to clean...
International banks no longer involved with Santos’ Barossa gas project
News just broke that BNP Paribas and The Export-Import Bank of Korea, two major international banks, are no longer involved in the financing of Santos’ Barossa gas project. Tell Australian, Japanese, and other international banks to cut ties with Santos. It was...
NAB responds to shareholder warning on fossil fuel funding
NAB’s update is welcome progress but still falls short of alignment with the bank’s climate commitments.
Super funds invest $39 billion in fossil fuel growth
MEDIA RELEASE Tuesday 28 May: A new Market Forces report reveals Australia’s top 30 super funds have more than $39 billion invested in companies globally with the biggest fossil fuel expansion plans. Investments in this group of 190 companies - dubbed The Climate...
Days of reckoning on the future of gas
OPINION | Axel Dalman, Head of Research at Market Forces The oil and gas industry had a critical opportunity at this week’s Australian Energy Producers conference, held in Perth, to exchange ideas on how to meet the existential threat posed to their business by the...