Big super funds quietly selling down shares in Santos and Woodside

18 October 2022 The latest round of mandatory super fund disclosures reveal that most of Australia’s biggest super funds are selling shares in climate wrecking oil and gas companies Santos and Woodside. Some funds, however, have significantly increased their stake in these companies, which are both pursuing new oil and … Read More

New analysis: Australia’s biggest super funds fractured on fossil gas

MEDIA RELEASE Tuesday 18 October: New analysis by Market Forces reveals some of Australia’s biggest super funds have been selling millions of shares in oil and gas giants Woodside and Santos, while others are investing heavily in these climate-wrecking companies. The Market Forces study finds 11 out of the 14 … Read More

UniSuper climate report is hot air and poor action

MEDIA RELEASE Wednesday 14 September: UniSuper’s new climate risk report reveals the mega fund has continued quietly selling down its investments in Australia’s largest gas producer, Woodside, and to a lesser extent, fellow climate-wrecking oil and gas expander, Santos. Despite mergers and share price changes that would have seen UniSuper’s … Read More

UniSuper’s slow, quiet progress on fossil fuel divestment not good enough

UniSuper’s new climate risk report suggests the fund has continued quietly selling down its investments in Australia’s largest gas producer, Woodside, and to a lesser extent, fellow climate-wrecking oil and gas expander, Santos. Despite mergers and share price changes that would have seen UniSuper’s exposure to these companies increase substantially … Read More

Narrabri gas plans undermine APA’s net zero claims

Narrabri residents say no to coal seam gas. Credit - Lock the Gate Alliance / Joseph McGrath

21 October 2021 Australia’s biggest gas pipeline company, APA, has recently adopted an ambition to reach net zero operational emissions by 2050. It also regularly refers to driving the energy transition to support the Paris climate goals, and a net zero by 2050 outcome. However, at its annual general meeting … 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

APA quizzed on gas plans inconsistent with the Paris Agreement

22 October 2020 Today’s AGM saw Australia’s biggest gas pipeline company quizzed about its plans to expand gas infrastructure. Plans that are inconsistent with the climate goals of the Paris Agreement. Just two months ago, 25 leading scientists at Australian universities wrote that, if we’re to achieve the climate goals … Read More

Market Forces launches UniSuper DIVEST campaign

13 January 2020 Market Forces has joined with academics, scientists, researchers and university employees across Australia to launch a major new campaign to pressure super fund, UniSuper, to divest billions of dollars of members’ retirement savings from fossil fuel companies driving the climate crisis. To mark the start of the … Read More