Wednesday 8 April: New Market Forces analysis reveals Australia’s second biggest oil and gas company, Santos, is contributing to nearly quadrupled gas prices on the East Coast of the country by prioritising the sale of its fossil fuels overseas, adding to cost of...
ANZ
We’re all paying the price of banks and pension funds fuelling climate disasters
By Kyle Robertson, Head of Research, Market Forces. People across Asia and Australia are experiencing another scorching season of deadly and terrifying wildfires, heatwaves and floods. The world has just endured the three hottest years on record according to the World...
Security Leaders, shareholders reprimand ANZ on climate failure
Thursday 18 December: Security Leaders have joined shareholders calling on ANZ to uphold its climate commitments by ceasing finance for coal, oil and gas expansion, which undermines the safety of all Australians. The calls by the Australian Security Leaders Climate...
Australia’s big banks face big climate decisions
By Will van de Pol, Chief Executive, Market Forces AS LIBERAL MEMBERS squabble after formally rejecting the scientific and economic imperative to reach net zero greenhouse gas emissions, a division is also starting to open up among the nation’s largest banks....
Big four banks fund major fossil fuel firms $43 billion in 10 years
Wednesday 12 November: New analysis by Market Forces finds that in the decade since the Paris Agreement was adopted to rein in climate change, Australia’s big four banks – ANZ, Commonwealth Bank, NAB, and Westpac – have provided AU$43.4 billion to the world’s major...
Retail banks in Australia ‘burning our future’: pour $74 billion into fossil fuels
Tuesday 11 February: New Market Forces analysis finds 10 retail banks in Australia committed AU $74.4 billion in finance to fossil fuel companies around the world in 2023. The new report - The Dirty Ten: Banks in Australia still backing fossil fuels - also finds that...
Scientists call on ANZ to listen to science and stop banking new fossil fuels
Thursday 19 December: Climate change scientists have backed hundreds of shareholders demanding ANZ and all big four Australian banks meet their climate commitments by ending finance for companies developing new and expanded fossil fuel projects. The calls by...
ANZ, NAB and Westpac still have no clear plan to stop financing fossil fuel expansion
ANZ, NAB and Westpac all released their annual Climate Reports last month, with mostly disappointing results. The key takeaway is that the door is still open for fossil fuel companies to keep receiving more finance for their climate destroying expansion plans. Take...
Breaking: CommBank formally walks away from climate wrecking clients
While ANZ, NAB and Westpac gear up to loan hundreds of millions more to one of Australia’s most notorious climate wreckers Australia’s largest bank, the Commonwealth Bank of Australia, made a huge announcement this morning, declaring it has made the decision 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,...