In-short: Westpac’s new climate plan, released late last week, is a massive backpedal on its previous position and puts it more on par with perennial climate laggard, ANZ. Westpac formerly had a clear requirement for oil and gas clients to produce a 1.5°C-aligned...
Santos
Gomeroi Traditional Owners vow to continue fighting Santos to protect Country
Santos continued to face heat over its oil and gas expansion plans at its 2025 Annual General Meeting (AGM) at the Adelaide Entertainment Centre. Shareholders were greeted with a protest outside the AGM in support of a safe climate and Gomeroi Traditional Owners, who...
MUFG Shamelessly Backs Papua LNG: Join Us to Stop This Climate and Human Rights Disaster
MUFG, Japan's largest bank and the world’s top LNG financier from 2021 to 2023, has brazenly stepped into the role of financial advisor for the controversial Papua LNG project. This venture, led by Total Energies, ExxonMobil, Santos, and ENEOS (JX Nippon), has already...
Farmers join shareholders to demand NAB ends finance for new fossil fuels
Wednesday 18 December: Farmers across Australia have joined hundreds of shareholders calling on NAB and all big four Australian banks to end finance for companies expanding coal, oil and gas production. The calls by farmers come as NAB - which calls itself the...
Top super funds greenwashing by backing gas expansion
Monday 2 December: New Market Forces analysis reveals most top Australian super funds are greenwashing and failing to use their influence to drive greater climate action at major gas companies. The analysis of the top 30 super funds’ voting disclosures finds that only...
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...
Breaking: CommBank formally walks away from climate wrecking clients
While ANZ, NAB and Westpac gear up to loan hundreds of millions more to one of Australia’s most notorious climate wreckers Australia’s largest bank, the Commonwealth Bank of Australia, made a huge announcement this morning, declaring it has made the decision to...
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,...
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.