HESTA has announced today that it is pushing for its own director nominees to be considered for election at Woodside’s upcoming annual general meeting (AGM). This is an important climate-related escalation from HESTA and a tribute to the countless members who have...
HESTA’s sleight of hand distracting members from the fund’s most climate-damaging investments
14 June 2023 HESTA’s latest climate change report yet again fails to articulate the fund’s expectations of the most climate-damaging companies in its portfolio, including Santos and Woodside. For all its lofty claims of climate action, HESTA continues to invest in...
Traditional Owners and members lodge human rights complaints against top 20 Super funds requesting they reject Santos gas projects
MEDIA RELEASE Wednesday 26 April: Traditional Owners of three First Nations across Australia along with superannuation fund members have lodged human rights complaints against the top 20 Australian super funds over hundreds of millions of dollars of members’ money...
HESTA must ramp up the pressure on Santos
13 April 2023 HESTA last week lodged a formal vote calling on oil and gas company Santos to wind up oil and gas production in line with a net zero emissions by 2050 pathway. This is a great sign HESTA is taking members' concerns seriously, but with Santos still...
Why super funds need to get out of fossil fuels
OPINION | Jo Dodds, President of Bushfire Survivors for Climate Action Over recent weeks, bushfires have been raging across the country in NSW, Victoria and Central Australia, and it’s deeply troubling. I’m worried for everyone near the fires. It’s particularly...
Which super funds are the biggest enablers of climate-wrecking oil and gas expansion?
21 February 2023 Now that super funds are required to disclose their investments to members every six months, we are able to track over time which funds have the highest proportion of their members’ retirement savings invested in climate-wrecking oil and gas companies...
Big super funds quietly selling down shares in Santos and Woodside
18 October 2022 The latest round of mandatory super fund disclosures reveal that most of Australia’s biggest super funds are selling shares in climate wrecking oil and gas companies Santos and Woodside. Some funds, however, have significantly increased their stake in...
New analysis: Australia’s biggest super funds fractured on fossil gas
MEDIA RELEASE Tuesday 18 October: New analysis by Market Forces reveals some of Australia’s biggest super funds have been selling millions of shares in oil and gas giants Woodside and Santos, while others are investing heavily in these climate-wrecking companies. The...
HESTA asks the impossible of oil and gas producers Woodside, Santos and Origin, rather than divesting
In an attempt to justify continued investment in climate wrecking oil and gas producers Woodside, Santos and Origin, HESTA announced today it had asked the impossible of those companies, requesting they demonstrate how their new or proposed fossil fuel projects fit...
Super funds can stop fuelling the climate change fire
OPINION | Brett Morgan, Superannuation Funds Campaigner At long last, some superannuation funds are taking a stand to end investment in companies expanding fossil fuels. Yet most funds are prolonging the life of industries that are driving us towards irreversible...