List Headline Image
Updated by Market_Forces on Jan 15, 2020
402 items   2 followers   0 votes   3.25k views

Market Forces in the media

Market Forces is a campaign group focused on helping people to keep their money out of environmentally destructive projects. We are an affiliate of Friends of the Earth and member of the BankTrack international network.

Prime Minister defends coal as more businesses pull out of industry

The Coalition’s unwavering support for the coal industry has been met with sharp criticism as more businesses distance themselves from the commodity.

Unisuper targeted in divestment campaign

One of Australia's biggest and most successful superannuation funds is under pressure to dump $10 billion of shares in fossil fuel companies with the launch of a divestment campaign backed by internationally renowned scholars including philosopher Peter Singer and climate scientist Will Steffen.
Unisuper, the $80 billion superannuation fund for academics and researchers, is at the centre of a new campaign by shareholder activist group Market Forces, which has seized on the bushfire crisis to urge ....

Market Forces has put UniSuper on the chopping block in a divestment campaign aimed at pressuring the fund to ditch shares in fossil fuel companies.

"UniSuper does not have fund-wide exclusions on fossil fuel investments of any kind. Instead, it claims to engage with investee companies in order to improve climate risk management," Market Forces said.

"However, UniSuper has failed to vote in favour of a single climate change-related shareholder resolution in Australia, based on the fund's disclosed proxy votes to 30 June 2019."

Bushfires fuel anti-Adani protests at Siemens HQ

If Siemens succumbs to activist pressure and abandons a crucial signalling contract, Adani may struggle to operate its rail link to the Carmichael mine.

Controversial campaigner Market Forces have well and truly set its sights on Australia's big banks. After hitting Suncorp with a shareholder resolution in July, Market Forces has ramped up its efforts to influence Australia's largest financial institutions.

Industry funds to thwart climate proposal at bank AGMs: AFR News

The governance adviser of choice to a group of large industry funds will shoot down a proposal that demands more transparency around climate risks.

Westpac receives historic second strike at AGM

*Westpac shareholders have voiced their anger with a second strike against remuneration, but the board will not be spilled. *

Activist group Market Forces has taken to the mic to discuss climate change and environmental sustainability, but as a good portion of today's proceedings demonstrate, that topic is certainly not going to be solved at this AGM. For now, the bank's current leadership survives in the form it desired, albeit with a signi

Westpac braces for shareholder revolt at AGM - RN Breakfast - ABC Radio National

Australia's oldest bank is steeling itself for a shareholder revolt at its annual general meeting in Sydney tomorrow.

ANZ urged to commit to climate goals | Insurance Business

Cuts to coal lending should be written into the bank’s publicly available policies, says Market Forces

Soul Patts meeting shut down over coal

Washington H Soul Pattinson chairman Robert Millner shut down the group's annual meeting on Friday after being quizzed on it's coal investments.

A 24-Year-Old Is Suing Pension Fund for Not Being Green Enough | Bloomberg

Mark McVeigh, a 24-year-old environmental scientist from Australia, won’t be able to access his retirement savings until 2055. But, concerned about what the world may look like then, he’s taking action now, suing his A$57 billion ($39 billion) pension fund for not adequately disclosing or assessing the impact of climate change on its investments.
...While activism is rising and investors and banks are shying away from financing environmentally damaging projects, the Australian government is going the other way. Prime Minister Scott Morrison, a staunch supporter of the coal-mining industry, is considering new laws to prevent activists like environmental lobby group Market Forces from stymieing commercial decisions and threatening economic growth.

Inside Market Forces, the small climate group Scott Morrison wants to put out of business | Environment | The Guardian

From humble beginnings, Market Forces is now in the crosshairs of the Coalition’s war on environmental boycotts

Government targets environment activists with changes to boycott laws - The Roundtable  - ABC Radio National (Austral...

Scott Morrison has signalled possible changes to competition law that would seek to prevent activists carrying out secondary boycotts. Activists have hit back accusing the government of trying to silence calls for action on climate change.

The New Daily: Scott Morrison’s crackdown on secondary boycotts sparks backlash

Prime Minister Scott Morrison wants to punish climate activists who pressure businesses to abandon support for fossil fuels.

Activism and secondary boycotts | The Saturday Paper

Although the Coalition is talking tough about criminalising consumer advocacy, legal experts say any attempt to do so will be hamstrung by reality.

Move against business boycotts smacks of double standards: Law Council

Australia's peak legal body says a crackdown on 'lawfare' would be over-reach. The Law Council of Australia has warned against any move to outlaw "green" boycotts or protests that target Australian businesses, saying it will have unintended consequences and smacks of double standards.

BHP asks for praise, as key institutions demand it quit coal lobby groups | RenewEconomy

BHP says shareholders should be praising its efforts, rather than demanding it quit pro-coal lobby groups.

Ellison tips MinRes to double size of mining services arm |AFR

Mineral Resources boss doubts mothballed lithium mine will restart in 2019-20 as focus shifts to iron ore.

Global funds management giant rejects Scott Morrison's attack on activist investors | Australia news | The Guardian

Exclusive: Aberdeen Standard Investments defends role of environmental groups including Market Forces

Dhaka, Nov 6 (IANS) When the rest of the world is switching to renewable energy, Bangladesh is on the verge of a carbon catastrophe with a large number of coal-based power plants, environmentalists warned on Wednesday.

Coal power expansion: Study apprehends environmental disaster | Dhaka Tribune

Bangladesh to emit 115 million tons additional CO2 annually. Bangladesh will release an additional 115 million tons of carbon dioxide (CO2) annually in the atmosphere once it completes constructing and starts operating 29 planned and under-construction coal-fired power plants by 2032, suggests a study report.

Bangladesh on the verge of carbon catastrophe: Environmentalists

According to the report, at least 29 coal-fired power projects with a total capacity of 33,200 MW are being set up in Bangladesh.. Health. healthcare. Onmanorama. fitness. society. obesity. environment. nutrition. Bangladesh Carbon emission.

Bangladesh seen as climate threat by boosting coal reliance - Reuters

DHAKA (Thomson Reuters Foundation) - A Bangladeshi plan to burn more coal for power will worsen global warming in a nation already battered by climate crises from floods to cyclones, according to a report out on Wednesday.

Environmentalists warn Bangladesh of carbon catastrophe

Bangladesh is on the verge of a carbon catastrophe with a large number of coal-based power plants

30 Coal-Run Power Plants: A ‘carbon bomb’ lying in wait | The Daily Star

Bangladesh is likely to be hit by its own “carbon bomb” once its 30 coal-based power plants go operational altogether by 2031, says a new report. Besides, the projects will put the country in a “trade deficit” because those will cost Bangladesh an estimated $2 billion or over Tk 170 billion annually to import coal, it says.