Big four banks pour $7.6 billion into fossil fuel expansion

MEDIA RELEASE   Tuesday 30 May: A new report by Market Forces reveals Australia’s big four banks have used smoke and mirrors to continue pouring billions of dollars into fossil fuel expansion. The report – Banking Climate Failure – finds ANZ, Commonwealth Bank of Australia, NAB and Westpac provided a … Read More

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 pursuing … Read More

Australia’s five biggest super funds failing on key climate promises

MEDIA RELEASE Wednesday 15 March, 2023: A new report by Market Forces finds Australia’s five biggest super funds are greenwashing and exposing themselves to legal risk by failing to effectively engage with companies expanding fossil fuels. Managing more than $1 trillion of members’ retirement savings, the five funds analysed in … Read More

Fake dead dolphins delivered to big four banks over Santos oil disaster

MEDIA RELEASE Thursday 23 February 2023: The big four Australian banks – ANZ, Commonwealth Bank, NAB and Westpac – have received a special delivery of ‘dead’ inflatable dolphins for financing oil and gas giant Santos, which allegedly killed marine life in a major oil spill. The dolphins are being delivered … Read More

Dirty and Dark – political donations from the fossil fuel industry

1 February 2023 The Australian Government continues to support fossil fuel exploration and development in Australia, despite 2021 modelling by the International Energy Agency (IEA), confirmed again in late 2022, which finds that there can be no new coal, oil or gas projects if the world is to achieve zero … Read More