30 August 2016 Australian oil and gas giant Santos has been using forward price estimates that are significantly higher than other industry players and reputable brokers. With the likes of Deutsche Bank, Goldman Sachs and Santos' own industry consultants Wood...
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Media Release: Australian banks break climate promise, pouring billions into fossil fuels
Melbourne, 4 August 2016 Australia’s major banks have made a mockery of their ‘two degree’ commitments by pouring AU $5.6 billion into the expansion of the fossil fuel industry in the months since the December 2015 Paris climate change agreement. New research released...
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...
Renewables lending plummets as Katter calls for coal funding
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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...
Climate change: made possible by QBE
Activists this morning gave QBE’s headquarters a colourful new rebranding, illustrating how the insurance company was making climate change possible through its underwriting of major fossil fuel projects.
Tough questions asked at Woodside AGM
22 April 2016 Woodside Petroleum's annual general meeting in Perth yesterday saw Chairman Michael Chaney and CEO Peter Coleman face questions over political donations and corruption, as well as how their business model - grabbing fossil fuels out of the ground for...
Media Release: Australia’s biggest super fund rejects fossil fuels
Melbourne, Friday 15 April 2016 Market Forces is today welcoming the announcement by AustralianSuper – Australia’s largest super fund – to create a new sustainable investment option which excludes companies with fossil fuel reserves. However, the financial activist...
Westpac commits to action for “below 2 degrees”
11 December 2015 Westpac has today made a commitment to operate in line with an economy that limits global warming to below two degrees! CEO Brian Hartzer said to hundreds of shareholders in Sydney: Westpac is committed to operating, both directly and indirectly, in a...