Tell your super fund: Vote for climate action!

April 2019 Through your retirement savings, you can have a say in how many Australian companies are run. Tell your super fund to vote for climate action from corporate Australia. Market Forces has worked with shareholders to put climate action on the agenda at three major Australian company meetings coming … Read More

QBE dumps thermal coal due to global warming

QBE Sydney Market Forces action 2018

2 April 2019 On Saturday, Australia’s biggest coal underwriter (insurer) took the positive step of committing to phase out its entire thermal coal business by 1 January 2030. QBE also ruled out providing insurance to any new thermal coal mine, power plant or transport network from 1 July 2019, and … Read More

Incitec Pivot: 4°C warming = selling more fertiliser

December 2018 Incitec Pivot is an Australian multinational corporation that manufactures fertiliser, explosives, chemicals, and delivers mining services. At its annual general meeting yesterday, chairman Paul Brasher was asked if the board support the goals of the Paris climate agreement. Brasher refused to take a stance saying: “Our position is … Read More

Nothing explosive about Orica’s climate disclosures

Orica AGM

Orica provide explosives, blasting and tunnelling services to the mining, oil and gas, and construction industries. Unlike some of its industry peers, Orica’s published reports do give shareholders some sense of reality: the company accepts the science of climate change, recognises the need for scenario analysis, and this year began … Read More

ANZ: still not living up to its climate commitments

Our Banking Royal Commission has exposed massive discrepancies between what Australia’s big four banks say and how they act. ANZ is a glaring example with chief executive Shayne Elliott and chairman David Gonski committing to both climate and human rights principles that the bank has not stuck to. Shareholders made … Read More

Karoon Gas: not quite the environmentalist it claims to be

An offshore oil rig

30 November 2018 “We are at heart environmentalists,” CEO Robert Hosking of oil explorer and soon-to-be producer, Karoon Gas told shareholders at today’s annual general meeting in Melbourne.  The company, which is about to drill an offshore oil well in Peru that has a CO2 emissions potential of 110 million tonnes … Read More