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The Latest Breaking News from Market Forces

'Millionaires' factory' boss to leave with vast fortune

Macquarie Group shareholders have backed the pay of its chief executive, who will retire in November with company shares worth hundreds of millions of dollars.

AAP

FED: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 industry says it's well invested.

AAP

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 industry says it's well invested.

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

'Who gave you the right?': villagers take on gas giant

Leaders from remote Papua New Guinea villages have turned up at a shareholders meeting of gas giant Santos to question the board about a controversial project.

AAP

Aussies hit as gas giants reap export rewards: research

Australia's second-biggest oil and gas company has come under fire for its tax contributions, as tensions over domestic prices and export royalties heat up.

AAP

Unleash your super power: how to prevent your retirement savings from funding fossil fuels

It’s easy to ignore your superannuation, but choices about where to invest can make a big difference for climate action and protecting the environment

The Guardian - AU

'No value': bank defends dropped no-deforestation plan

Westpac's agricultural customers were clear. Its stand against deforestation is of no value, so the bank dropped plans for a forest protection policy.

AAP

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ABC boss denies host an ‘activist’ after criticism from Nampijinpa Price – as it happened

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The Guardian - AU

Super funds plunge billions into fossil fuel companies

Australia's largest super funds are propping up the expansion of coal, oil and gas projects with billions of dollars from workers' retirement savings.

AAP

Tehan and Ley to reveal Liberals’ net zero emissions position tomorrow – as it happened

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The Guardian - AU

Greener banking in Australia: how to put your money where your values are

Banking is an unavoidable fact of modern life, but where you choose to put your money can make a difference

The Guardian - AU

Financial sector urged to shoot higher on climate risk

The global financial sector has been urged to prevent further backsliding on climate and to stop funnelling money into new fossil fuels in an open letter.

AAP

Environmentalists target super fund over climate change

Market Forces and other groups say a super fund needs to take a firmer stance against Australian oil and gas companies Woodside and Santos.

AAP

Bank hit with first strike as shareholders push back

Shareholders in Australia's largest investment bank have expressed their concerns over the firm's pay report, resulting in Macquarie's first-ever strike.

AAP

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The Guardian - AU

AustralianSuper criticised for buying up shares in Whitehaven Coal while claiming to be committed to net zero

Super fund, on the brink of becoming Whitehaven’s biggest shareholder, says company’s acquisition of metallurgical coal assets made it a more attractive investment

The Guardian - AU

A guide to greener banking: I divested my personal finances and you can too – here’s how

Your money is powerful and you can actively choose whether it props up harmful industries or helps build a better future

AAP

Shareholders drag Macquarie over coals on net zero

A leading investment bank has come under pressure from shareholders demanding to know how its growing exposure to fossil fuel squares with net-zero ambitions.

The Guardian - AU

Woodside commits $18bn to US project that climate advocates warn ‘would export harmful gas until the 2070s’

CEO says Louisiana project would turn company into a ‘global LNG powerhouse’ as pressure on investors over emissions grows

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AAP

Australia urged to walk away from gas for renewables

Both major parties are going into an election promising to increase gas production, even though the majority of Australians want more renewables.

AAP

Activists want banks' actions to match words on climate

Activists are heartened that Australia's big banks took steps to limit lending to fossil fuel companies this year, but also have questions.

AAP

Westpac shareholders question bank's climate plan

Westpac shareholder activists have questioned bank executives about how its climate change policies will be applied.

AAP

Big coal miner stares down protests, shareholder vote

Shareholders voting at Whitehaven Coal's annual general meeting have supported the company's executive remuneration plan, defeating moves to spill the board.

The Guardian - AU

Attorney general considering releasing full robodebt report – As it happened

All the day’s news as it unfolded

The Guardian - AU

Whitehaven Coal faces rare shareholder action over mining plans and CEO’s $7m bonus

Australian miner paying ‘massive bonuses’ for ‘steamrolling ahead with an outdated and unacceptably risky coal growth strategy’, activists say

AAP

Energy giant targeted in bid to stop fracking pipeline

Traditional owners, doctors and scientists have signed a letter calling on APA Group to end its plans to build a pipeline enabling gas fracking in the NT.

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