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The Latest Breaking News from Market Forces

Australia’s big banks lent $3.6bn to fossil fuel expansion projects in 2023, report shows

Lending puts banks in ‘complete violation’ of commitments to Paris agreement, climate group says, even as overall funding to sector ebbs

The Guardian - AU

Super funds giving a green light to 'climate wreckers'

Superannuation funds have come under fire for doubling down on their investments in fossil fuels while cutting half a billion dollars from green energy funding.

AAP

Activist groups not directly involved in Tiwi Island lawsuit must hand over documents to Santos, court rules

Broad terms of subpoenas a ‘chilling’ precedent that could undermine future climate litigation, legal experts say

The Guardian - AU

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Woodside shareholders reject climate plan

Woodside Energy shareholders have re-elected chairman Richard Goyder but rejected the company's climate plan in a raucous four-hour meeting.

AAP

Activist protest against Santos board runs out of gas

Energy company Santos has weathered a protest vote from shareholder activists at its annual meeting as the board gave a progress update on its Barossa project.

AAP

Woodside, Santos expansion less than super for funds

Some superannuation funds are reducing exposure to Woodside and Santos as members demand more climate action instead of their money bankrolling new gas fields.

AAP

'Climate wreckers' given green light by big super funds

Some of Australia's most well-known super funds have been accused of faking it on supposed "climate action" against the expansion of oil and gas.

AAP

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Reports show new Indonesian industrial park on Borneo, feted as 'green,'' will be powered by coal

An industrial park being built in Indonesia on the tropical island of Borneo that has attracted billions of dollars in foreign and domestic investment is damaging the environment in an area where endangered species live and migrate

The Independent UK

Climate activists, green groups ramp up action against Woodside Energy at company's AGM in Perth

Thumping drums, a wheelchair-bound skeleton and plenty of police were a dead giveaway the biggest event on Woodside investors' calendar wouldn't look much like the average company annual general meeting.

ABC News

Funds accused of 'greenwashing' by market lobby group

The environment-focussed lobby group Market Forces has criticised five super funds for not doing enough to challenge the fossil fuel firms they invest in.

AAP

Woodside’s latest report a ‘fail’ despite profit more than tripling, climate activists say

Critics say energy giant’s windfall gain from price rises in wake of invasion of Ukraine will likely prove short-lived as markets accelerate shift to renewables

The Guardian - AU

ACT Conservation Council appoints new executive director

Ms Lawless will replace outgoing director Helen Oakey, who finished up last month for a position at Market Forces in Melbourne.

The Canberra Times

Albanese government urged to adopt windfall profits tax after LNG exporters’ $40bn bonanza

Australia Institute says the tax would be a responsible way for Australians to receive a fair return for exploitation of gas resources

The Guardian - AU

Super funds mix oil and gas with net zero

Climate-savvy superannuation savers have been warned some funds are building their stakes in Australia's biggest oil and gas companies while going "net zero".

AAP

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The Guardian - AU

Australia’s big four banks face shareholder ire over funding fossil fuels

Activist group Market Forces says continued funding of coal, oil and gas is incompatible with net zero commitments

The Guardian - AU

Santos profit rises three-fold amid energy insecurity as calls for windfall tax intensify

Greens say 300% increase in profits shows Australia is ‘being taken for a ride’ while other activists claim company is ‘burning our long-term future’

The Guardian - AU

Australian super funds include fossil fuels in ‘sustainable’ options, investor activists say

Market forces says its research shows ‘climate wrecker’ companies with interests in coal included in portfolios of ethical offerings

The Guardian - AU

Hesta members pledge to ditch super fund over fossil fuel investments

Industry superannuation fund defends approach, saying engaging with companies changes their behaviour, as members urge it to ‘stop investing in climate catastrophe’

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The Guardian - AU

Student climate activists warn super fund Hesta over ad they claim implies false endorsement

Exclusive: Hesta rejects accusation it was trying to link brand to School Strike 4 Climate group, but says it pulled the ad after hearing concerns

The Guardian - AU

‘Go after the money’: Goldman environmental prize winner honoured for urging banks to divest from coal

Julien Vincent’s Market Forces organisation started with a spare laptop and a spare bedroom before raising the ire of the former Coalition government

Belfast Live

The Earth's Corr: Time for a serious talk about pesticide use

Council and road workers as trigger happy as ever with glyphosate despite WHO branding it a 'probable human carcinogen'

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