By Kyle Robertson, Head of Research, Market Forces It wasn’t long ago that the world’s major banks, including Macquarie, were collectively mobilising to achieve the goals of the Paris Agreement. In April 2021, now Canadian prime minister, Mark Carney launched the...
Macquarie
Macquarie suffers shareholder backlash for climate backflip and new fossil fuel finance
Wednesday 20 May: More than 160 shareholders have joined with Market Forces to demand Macquarie Group explains how increasing its fossil fuel lending, slashing its green energy investments and watering down its climate strategy is consistent with its commitment to the...
Macquarie closes third dirty fracking deal in less than a year
Macquarie is a critical financial backer of what could be Australia’s next biggest gas development in the heart of Australia’s Northern Territory, the Beetaloo Basin. This directly contradicts the bank’s green credentials and violates its commitments to the goals of...
Macquarie receives shareholder revolt on climate at 2025 AGM
2025 AGM result: 35.2% in favour of climate resolution The first ever climate-related shareholder resolution at Macquarie, filed by Market Forces, received significant support from shareholders with a huge 35% of shareholder votes in favour. The resolution called on...
Macquarie under fire on climate from shareholders, customers and scientists
Thursday 24 July: Customers, investors and climate scientists have joined more than 180 shareholders and Market Forces, calling on the AU$85 billion bank and financial services company, Macquarie Group, to disclose the full extent of its financing for coal, oil and...
Empire Energy’s gas fracking fantasies
Will the Empire strike out? Empire Energy (which just changed its name to Beetaloo Energy Australia, but will be referred to as Empire Energy throughout this article) has come under fire over the viability of its dangerous fracking operations in the Northern...
Empire Energy accused of misleading investors over Australia’s biggest gas fracking
Thursday 29 May: Market Forces has filed a complaint to the Australian Securities and Investment Commission (ASIC) alleging gas fracking company Empire Energy engaged in potentially misleading and deceptive conduct in a recent capital raise presentation for investors....
Macquarie faces first ever climate-focused shareholder resolution
Wednesday 21 May: More than 180 shareholders have joined with Market Forces to call on Macquarie Group to disclose the full extent of its financing for fossil fuels and outline how the global financial services company will ensure alignment with its climate...
Macquarie’s climate credentials up in smoke
By Kyle Robertson, Senior Banks Analyst, Market Forces. Macquarie Bank has sent shockwaves around the world quietly announcing it has quit the Net Zero Banking Alliance (NZBA) this week, taking the dubious honour of being the first major Australian financial...
Retail banks in Australia ‘burning our future’: pour $74 billion into fossil fuels
Tuesday 11 February: New Market Forces analysis finds 10 retail banks in Australia committed AU $74.4 billion in finance to fossil fuel companies around the world in 2023. The new report - The Dirty Ten: Banks in Australia still backing fossil fuels - also finds that...