New legal opinion confirms super funds must manage climate risks

22 April 2021 Released today, a new legal opinion commissioned by Market Forces has confirmed super funds are legally required to understand and manage the material financial risks posed by climate change. The new legal advice from barristers Noel Hutley SC and James Mack builds on a previous opinion they … Read More

Tell your super fund: Vote for climate action

1 April 2021 Over the coming weeks, your super fund has a number of huge opportunities to demand real climate action from some of Australia’s biggest gas companies, as well as globally-significant fossil fuel financiers and developers. By investing your retirement savings in these companies, your super fund gets a … Read More

Mark’s historic super fund legal win

5 November 2020 You may have seen the news this week about 25-year-old Brisbane ecologist Mark McVeigh, who won a historic legal battle against his $57 billion super fund, Rest, over climate change. What you may not know is that Mark used Market Forces’ research and tools to start asking … Read More

FAR Ltd betting against Paris climate goals

An offshore oil rig

27 May 2020 FAR Ltd is an oil and gas exploration company, with one major project nearing development: the Sangomar oil field off Senegal’s coast. With the company’s entire business model predicated on new oil and gas developments that cannot be burned in a 1.5°C warming scenario, Market Forces has … Read More

Fossil fuel investments tanking

16 May 2020 The value of Australia’s fossil fuel producers has tanked over the last 10 years, a trend which has been exacerbated during the Covid-19 pandemic. We identified 11 companies in the top 300 listed on the Australian share market (ASX 300) whose sole business is producing coal, oil … Read More

Caltex still has no emission targets or fossil fuel exit plans

14 May 2020 Caltex claims to support the Paris climate goals, but still has not set any targets to bring down its greenhouse gas emissions, or transition away from its fossil fuel operations. The company today told shareholders it plans to continue investing in its oil refining business, which has … Read More

Huge gains in investor support for real climate action at Rio Tinto

7 May 2020 37% of Rio Tinto’s shareholders today voted in favour of a shareholder proposal calling on the mining giant to set Paris-aligned targets to reduce its greenhouse gas emissions, including those generated by the use of its products. Given Rio Tinto’s board opposed the proposal, the vote represents … Read More

Oil Search must abandon oil and gas expansion

1 May 2020 Oil Search, Australia’s third largest pure play oil and gas company, today told shareholders its current strategic review will lead the company to “settling on a strategy that is consistent with the interests of shareholders.“  Company Chair Richard Lee went on to say, “we wouldn’t set in … Read More

Woodside fights historic investor demand for Paris-alignment

30 April 2020 A record-breaking 50% of Woodside Petroleum’s investors today voted in favour of a shareholder proposal calling on the company to align with the Paris climate goals. This is an incredible result, considering the Woodside board’s vehement opposition to the resolution. Coordinated by the Australasian Centre for Corporate … Read More