14.5% of shareholders tell Woodside to start winding down production

19 May 2022 Responding to the shareholder vote on the Market Forces-coordinated shareholder resolution at Woodside’s AGM in Perth today, Market Forces Asset Management Campaigner Will van de Pol said: “Today 49% of Woodside’s shareholders rejected the company’s utterly inadequate approach to climate change, the largest vote against any Say … Read More

Investors give QBE a free pass despite hypocrisy on climate

Market Forces QBE Action Sydney 2018

6 May 2022 A shareholder resolution calling on QBE to align its oil and gas underwriting and investment with the goals of the Paris Agreement achieved 19.8% support at QBE Insurance’s AGM yesterday. As has been the case for several years now, the AGM was dominated by questions regarding QBE’s … Read More

Corporate Japan faces record number of climate shareholder resolutions

TOKYO, Japan, 13 April 2022 Market Forces, Kiko Network, 350.org Japan, Friends of the Earth Japan, Rainforest Action Network Corporate Japan will this year face a record-high number of climate-focused shareholder resolutions.    Today, shareholders announced four climate resolutions targeting SMBC Group, Mitsubishi Corporation, and TEPCO and Chubu Electric, over their … Read More

QBE supports Paris and net zero with words, undermines them with actions

For immediate release: 18 February 2022 QBE’s willingness to underwrite new oil and gas projects will see it once again face a shareholder resolution, coordinated by Market Forces and co-filed with Australian Ethical, an investor managing over $6.5 billion as of September 2021. The resolution calls on QBE to align … Read More

Woodside’s climate ‘plan’ full of hot air

Gas flaring at Woodside's Pluto LNG facility. Image credit CCWA

17 February 2022 Reacting to Woodside’s Climate Report released today, Market Forces Asset Management Campaigner Will van de Pol said, “Woodside’s three point ‘plan’ to address its gargantuan scope 3 emissions profile amounts to nothing more than more hot air.” “Investors must see through the greenwash and demand the company … Read More

Shareholders call for true climate leadership from BHP

Updated 9am, 12 November 2021 A total of 14.2% of BHP Group’s investors have defied the board to demand the company responsibly wind up its fossil fuel production assets in line with its stated support for net zero emissions by 2050. This morning’s ASX announcement of the combined votes for … Read More