Market Forces
@marketforces.org.au
Exposing the banks and super funds financing fossil fuel expansion in the #climate crisis. Follow us for insights from Australia and Asia, and make your money a force for good: marketforces.org.au
Last year, Australian Retirement Trust, Cbus Super and Aware Super supported a shareholder resolution pushing for improved #climate risk exposure and management at Macquarie. This year, all three super funds backpedalled. 🔗 www.fssustainability.com.au/super-funds-...
"We need to do everything we can to try and make the world a better place for the next generation." Winnie Fu has a young son, and thinks of his future often. When she found out her super fund #AustralianSuper is now the biggest shareholder in Whitehaven Coal, she was shocked.
With fellow mourners and an accompanying string quartet, we laid the short-lived climate ambition of #Macquarie to rest outside its AGM ⚰️
“Investors are highly concerned to see #Macquarie pouring hundreds of millions of dollars into one of the biggest proposed gas fracking operations in the world, the Beetaloo Basin, supercharging climate impacts including more severe bushfires, cyclones and floods” www.news.com.au/finance/busi...
news.com.au
Macquarie has: 👎 weakened its climate language 🚩 increased fossil fuel financing 🚨 used catastrophic warming scenarios to justify new gas, while dismissing risk. www.newcastleherald.com.au/story/931641...
'Millionaires' factory' accused of dodging climate risk
The ex-head of a major coal association has accused Macquarie Bank of ignoring the fossil fuel threat to...
newcastleherald.com.au
Internationally acclaimed climate scientist John Church on why he's attending the #Macquarie AGM 👇
Let's go 📣 We're in Sydney today for Macquarie's annual general meeting. We will be asking #Macquarie how its skyrocketing finance for major new oil and gas projects, including the #Beetaloo Basin, is aligned with its commitment to the #climate goals of the Paris Agreement
MEDIA RELEASE: A former Shell Executive and an IPCC climate scientist have joined 160 shareholders and Market Forces to demand Macquarie explains how tripling finance for major new oil and gas projects is aligned with its commitment to global climate goals. www.marketforces.org.au/macquarie-ha...
Macquarie hauled over coals for tripling fossil fuel finance - Market Forces
Thursday 23 July: An Australian Security Leaders Climate Group Executive and an internationally acclaimed climate scientist have joined more than 160 shareholders and Market Forces to demand Macquarie...
marketforces.org.au
Some of the world's biggest pension funds have voted in favour of our shareholder resolution demanding Macquarie Group and investment bank come clean on how their massive oil and gas financing deals are aligned with the global goals of the Paris Agreement. #climate www.afr.com/companies/fi...
Pension fund giants line up to rebuke Macquarie over carbon financing
Major North American and European retirement savings investors are demanding better explanations over funding decisions as a fraught annual meeting looms.
afr.com
We've joined more than 160 shareholders and major investors to ask Macquarie to please explain if the Group remains committed to aligning its financing with net zero by 2050 and disclose how its fossil fuel financing is aligned with its pledge to global climate goals. fnarena.com/index.php/20...
Our Indonesia Energy Finance Campaigner Ginanjar on why Indonesian banks need to reconsider their financing of captive coal-powered nickel: tirto.id/menimbang-ul... (Bahasa Indonesian) www.marketforces.org.au/rethinking-f... (English)
Menimbang Ulang Pembiayaan Nikel Berbasis Batu Bara
Target hilirisasi nikel Indonesia membawa dampak bagi perbankan nasional: mulai dari tantangan risiko kredit hingga tekanan pasar global terkait emisi.
tirto.id
Our super funds campaigner Brett Morgan on @3crmelbourne.bsky.social speaking about why super funds like #AustralianSuper should be stepping up as #climate leaders. Listen to the full interview here: www.3cr.org.au/earthmatters...
"We won’t give up, we’ll keep fighting": Goldman prize winner Yuvelis Morales Blanco vows to resist fresh push to frack and plunder new fossil fuels in Colombia. #ClimateChange #ClimateAction #Environment #FossilFuels #ClimateJustice #ClimateEmergency www.theguardian.com/global-devel...
‘We won’t give up, we’ll keep fighting’: activists in Colombia vow to resist far-right push for fossil fuels
As the newly elected president, Abelardo de la Espriella, pledges to exploit oil reserves, environmentalists prepare to defend climate progress
theguardian.com
Read more: bit.ly/4flXf98 [4/4]. @foejapan.bsky.social @marketforces.org.au
"We Get All the Risks and None of the Benefits": Texas Community Leaders Confront Japanese Financiers of a Dangerous LNG Project In Their Town - Oil Change International
This May, community leaders from Freeport, Texas, flew to Tokyo to hold Japanese financiers accountable for funding a dangerous liquefied natural gas (LNG)
bit.ly
#BREAKING 🚨 Purari Delta leader calls for halt to Papua LNG Development Forum enabling Total and Exxon-Mobil giant gas project #climate #humanrights #papuaLNG 🌏 1/5
In 2020, Australia’s biggest super fund dumped its Whitehaven shares. Fast forward to 2026 and AustralianSuper is now the coalminer’s single biggest investor. #climate #auspol
Coal is back in AustralianSuper’s portfolio. What happened to that net zero pledge?
In 2020 Australia’s biggest super fund dumped its Whitehaven shares. Fast forward to 2026 and it is now the coalminer’s single biggest investor
theguardian.com
【メディアリリース】三井住友FGの株主総会で取締役会会長・議長への反対票が21%に。同社含む金融機関や商社のガバナンスや気候リスク対応に対し、投資家の厳しい監視と不満が高まっている兆候といえます。 www.marketforces.org.au/japans-2026-...
Japan’s 2026 AGMs Reveal Shift in Directors’ Accountability on Climate Risk - Market Forces
TOKYO, 3 July 2026 — Sumitomo Mitsui Financial Group (SMFG) has suffered one of the biggest ever votes against a Japanese bank director when 21.47% of shareholder votes were cast against SMFG Board Ch...
marketforces.org.au
MEDIA RELEASE: Sumitomo Mitsui Financial Group (SMFG) has suffered a 21% vote against SMFG Board Chair at the bank's annual meeting, signalling growing investor scrutiny and dissatisfaction with Japan megabanks' governance and management of climate risk. www.marketforces.org.au/japans-2026-...
Japan’s 2026 AGMs Reveal Shift in Directors’ Accountability on Climate Risk - Market Forces
TOKYO, 3 July 2026 — Sumitomo Mitsui Financial Group (SMFG) has suffered one of the biggest ever votes against a Japanese bank director when 21.47% of shareholder votes were cast against SMFG Board Ch...
marketforces.org.au
"A host of red flags" and "deeply shocking" 🚩 Serious #humanrights concerns have been raised over a huge Papua New Guinea LNG gas project backed by TotalEnergies, Exxon and Santos. @jubileeaus.bsky.social 🔗 www.jubileeaustralia.org/news/latest-... #climate #papuaLNG
The gas industry has been peddling its own importance to the #cleanenergy transition for years, but there are "glaring holes" in the logic — and the biggest miscalculation is about the surge in renewables, with 79% of Asia ahead of the US on solar. @reuters.com | www.reuters.com/commentary/b...
#ClimateAction 👏 Long-term customers Alex and Rick have withdrawn their life savings from #ANZ, the biggest funder of coal and gas of Australia's big four banks. Join thousands of other action takers and contact your bank: marketforces.org.au
Putting their money where their mouth and conscience is
Climate action group Rising Tide say they will disrupt business at Tweed City ANZ today, as local long-term customers withdraw their life savings from the bank.
echo.net.au
Macquarie climate backflip rings alarm bells for investors. Macquarie's "endless support for gas expansion is less like a financial institution committed to the Paris Agreement and more like the actions of a bullish fossil fuel company." @reneweconomy.com.au reneweconomy.com.au/macquaries-g...
Macquarie's gas-fuelled climate backflip is ringing alarm bells for investors
Macquarie's endless support for gas expansion is less like a financial institution committed to the Paris Agreement and more like the actions of a bullish fossil fuel company.
reneweconomy.com.au
Thanks #Macquarie for shouting out our video in your Notice of Meeting! In case you missed it, here it is again. 😉
Market Forces@marketforces.org.au · 4mo agoMacquarie has been a little shy 👉👈 … but we know deep down it's just as proud of the billions of tonnes of emissions its financing as it is about doing climate action 🫠 So today we surprised them with an award. 🎖️ #auspol #climate #macquariebank #beetaloo
Australia's 30 largest super funds directly contributed $771m of the $99bn invested in Australian clean energy projects since 2020, roughly 0.03% of the $2.5 trillion in retirement savings managed by those funds, a new Market Forces report shows. @canberratimes.bsky.social #auspol #climate #energy
Super funds lagging on direct renewables investment
Australia's superannuation sector could be missing its chance to own the nation's green energy future, but the super...
canberratimes.com.au
MEDIA RELEASE: New Market Forces analysis reveals Australia’s top 30 superannuation funds have invested in just a fraction (4%) of the renewable energy capacity needed to meet Australia’s mandated 2030 climate goals. #Renewables #CleanEnergy #Climate www.marketforces.org.au/australias-t...
Australia's top super funds invest in only 4% of clean energy needed by 2030 - Market Forces
Tuesday 16 June: New analysis reveals Australia’s top 30 superannuation funds have invested in just a fraction (4%) of the renewable energy capacity needed to meet Australia’s mandated 2030 climate go...
marketforces.org.au
BlackRock was the first high-profile asset manager to quit the industry's #NetZero initiative. Now, billions are being pulled. "The fact is, #BlackRock has been losing institutional clients... Asset owners [are] unhappy with BlackRock's approach to #climate risk." – Will van de Pol, Market Forces
Who pulled US$52bn from BlackRock?
Who pulled US$52bn from BlackRock?
ignitesasia.com
AustralianSuper is the top shareholder in Whitehaven Coal, which has the biggest coal expansion plans of any company in Australia. #AustralianSuper members – join the campaign and call on your fund to step up and say no to Whitehaven’s new coal: australiansuperpolluter.com 🔥 #climate
#ICYMI New data reveals 3 in 5 people across Singapore, Indonesia and Malaysia expect “no coal” to actually mean no coal, when it comes to bank finance. Yet despite their own coal exclusion policies, banks like OCBC, UOB, DBS, Maybank and CIMB are still pouring millions into industrial coal plants.
