The Fossil Fuel Expansion Index or FFX 200 is made up of the 200 publicly-listed companies from all over the world with the biggest plans to expand the scale of the fossil fuel industry. Specifically, the list includes:
The top 60 oil and gas producers by expansion plans.
The top 60 coal miners by expansion plans and coal reserves.
The top 30 companies by new gas power plant development plans.
The top 30 companies by new coal power plant development plans.
The top 10 companies by liquefied natural gas (LNG) import and export terminal development plans.
The top 10 companies by oil and gas pipeline development plans.
Together, these companies are planning new coal, oil and gas projects that could add the equivalent of 300 years of Australia’s national annual emissions!
Take action and tell your super fund to end its support for new fossil fuels.
View the methodology for calculating exposure to the Fossil Fuel Expansion Index here.
Use the form below to tell your fund to lift its game on climate action!
Coal exclusion policy
Equipsuper excludes investments in “Companies that derive greater than 10% of their revenue from coal extraction for energy production (thermal coal mining).”
Oil & gas exclusion policy
None
Coal divestment action
Equipsuper has divested from some thermal coal mining companies, like Whitehaven and New Hope, but remains invested in coal power producers like AGL and diversified coal miners like BHP.
Oil & gas divestment action
None
Climate voting record
Equip Super discloses all of its proxy voting decisions. The fund has supported just 17% of the climate-related resolutions it has voted on from 2017 to 2020.
The information provided by Market Forces does not constitute financial advice. The information is presented in order to inform people motivated by environmental concerns and take actions based on those concerns. Market Forces is organising data for environmental ends.
The information and actions provided by Market Forces do not account for any individual’s personal objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice.
Market Forces recommends all users obtain their own independent professional advice before making any decision relating to their particular requirements or circumstances. Switching super funds may have unintended financial consequences.
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