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...
Woodside
Woodside seeking further debt finance to continue with its climate-wrecking gas expansion plans
Australian oil and gas company Woodside is looking to issue an “unsecured 10-year and/or 30-year bond offering,” according to LSEG, which would provide the company with a new source of finance for its gas expansion plans. While the value of the bond issuance has not...
HESTA member submits legal request for information after fund’s ineffective efforts to push for change at Woodside
A HESTA member has today increased pressure on her super fund for failing to demand an end to Woodside’s climate-wrecking gas expansion plans. Long-term HESTA member, multidisciplinary artist and musician Tash Parker has submitted a legal request for information 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,...
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.
Days of reckoning on the future of gas
OPINION | Axel Dalman, Head of Research at Market Forces The oil and gas industry had a critical opportunity at this week’s Australian Energy Producers conference, held in Perth, to exchange ideas on how to meet the existential threat posed to their business by the...
Woodside suffers world record-breaking vote against climate plan, embarrassingly large vote against Chair
Shareholders have today expressed their contempt for Woodside’s repeated failure to heed their concerns by fiercely rejecting the company’s climate strategy. Beating its own world record vote against a climate plan in 2022, a staggering 58% of Woodside’s shareholders...
Opinion: Woodside’s oil and gas investor firestorm
By Will van de Pol, CEO, Market Forces Australia’s largest oil and gas company Woodside is under fire and the company’s Chair, Richard Goyder is in damage control ahead of crucial votes by investors at the annual general meeting (AGM) this week. Mr Goyder is up for...
Super funds are (so far) failing to vote for greater climate action this year
Some super funds have started disclosing how they voted at Santos’ annual general meeting (AGM) last week. The bad news is that several of these funds are wallowing in greenwash and failing to increase pressure on Santos to end its climate-wrecking oil and gas growth...
Big coalition of civil society organisations put AustralianSuper on notice
Today, AustralianSuper received a strong message from a big coalition of climate, environment and other civil society organisations, urging the fund to live up to its climate commitments and push for an end to Woodside’s reckless oil and gas expansion plans. The...