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marketforces.org.au
Your money as a force for good. Join the movement shifting investment away from fossil fuels.
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ICYMI: Gas displaces renewables, not coal – no matter what Woodside CEO Meg O’Neill claims. Evidence shows increasing gas production drives up emissions and decreases coal use only 13%, while renewables drop a staggering 25%. #oilandgas #climate

submitted 1 day ago • 1 comment

AEMO's report shows two key things: 1. Australia has an abundance of gas. Most of it is exported. 2. Demand for gas is plummeting. No wonder Big Gas is kicking up a stink. The real question is, will our Governments keep throwing favours at an industry that is rapidly becoming obsolete? #auspol

submitted 1 day ago • 9 comments

"The banks in Australia really could make a big difference. I'm frustrated. I wish I was a significant customer of theirs so that I could take action they would care about." – Peter Lake, NSW grazier | #climate @choiceaustralia.bsky.social

submitted 4 days ago • 1 comment

Pressure is mounting on Woodside. Last week we filed a complaint with ASIC over its Trion oil project. Now @accr.bsky.social is rejecting director re-election following Woodside's “chronically poor” shareholder returns and its failure to manage #climate risks.

submitted 8 days ago • 1 comment

We love this. ❤️ Hundreds of Aussie musicians including Missy Higgins, @limecordiale.bsky.social, @jimmybarnes.com, Amyl and The Sniffers, @gflipmusic.bsky.social and Tame Impala have just launched the No Music On A Dead Planet campaign. Musicians say vote #climate. greenmusic.org.au/nmoadp

submitted 9 days ago • 0 comments

Our thoughts are with the people currently preparing for #CycloneAlfred to make landfall. Disasters like cyclones are being supercharged by fossil fuels. So why are banks like ANZ pouring $202,739 every HOUR into companies expanding fossil fuels? #climate

submitted 15 days ago • 0 comments

Join us, @actionaidaustralia.bsky.social and @ausconservation.bsky.social for this free panel event on 12 March and find out how you can get involved in ending funds to fossil fuel expansion! #climate Register: events.humanitix.com/divesting-fr...

submitted 15 days ago • 0 comments

#Breaking - We have lodged a complaint with ASIC. “In our view, @woodsideenergy.bsky.social has misrepresented key #climate science data to justify a major investment decision in a new oil field, raising serious concerns about potential misleading and deceptive conduct,” - analyst Brett Morgan. 1/5

submitted 16 days ago • 1 comment

Australian oil and gas giant Woodside has snubbed a world record rejection of its #climate plan. Brett Morgan: “All we’re seeing from @woodsideenergy.bsky.social is weak climate targets and corporate spin as it shuns green energy projects in favour of gas expansion undermining the Paris Agreement."

submitted 21 days ago • 1 comment

Japan has locked Bangladesh into decades of pollution and plunged the economy into relying on expensive coal and LNG imports. But there’s an opportunity for a change of direction. #climate

submitted 28 days ago • 1 comment

There is no gas shortage. Oil and gas companies like Woodside and Santos are just selling 80% of Australia's gas overseas – and paying little to no tax while they profit off the back of Australia's resources. #oilandgas #climate #auspol

submitted 29 days ago • 0 comments

Santos’ reliance on carbon capture and storage is a smokescreen for expanding gas production. “Any emissions captured by Moomba CCS are a drop in the ocean compared with the company’s current annual emissions.” – Brett Morgan, Market Forces #climate #oilandgas

submitted 29 days ago • 0 comments

Santos has walked back emissions targets in its latest climate report, and is using carbon capture and storage (CCS) as a smokescreen for expanding gas production. Any emissions captured by Moomba CCS will be a drop in the ocean compared with Santos' current annual emissions. #climate #oilandgas

submitted 30 days ago • 1 comment

Renewables keep getting cheaper, with prices expected to fall to record lows this year. ☀️ New wind and solar farms are already undercutting new coal and gas plants on production cost in almost every market globally, a new report from BloombergNEF reveals. #cleanenergy #climate

submitted 31 days ago • 0 comments

“More and more banks are recognising the severe #climate and #humanrights risks associated with the polluting Papua LNG gas project, and deciding they want nothing to do with it.” – Rachel Deans, Market Forces | @straitstimes.bsky.social

submitted 34 days ago • 1 comment

Two more banks have refused lending to Santos' Papua LNG, bringing the total to 13 global banks. Italy's Intesa Sanpaolo and the Asian Development Bank are the latest in a growing list of global banks who have ruled out finance for this risky project. #oilandgas

submitted 35 days ago • 1 comment

While #Macquarie has quit the world's largest #climate banking alliance, it's less likely Australia's other major banks will follow suit – given the risk of damaging their brands. “The Australian banks, in the last couple of years, have come pretty far.”

submitted 35 days ago • 3 comments

💔 ING, stop breaking our hearts! We're joining forces worldwide to ask you to be our Valentine and break up with companies like Santos. #INGGlobalAction #climate @ingnl.bsky.social @banktrack.bsky.social @fossielvrijnl.bsky.social @xrnl.bsky.social @re-set.bsky.social @betterbayou.bsky.social

submitted 36 days ago • 1 comment

"There’s no denying that Macquarie Group pulling out of the Net Zero Banking Alliance is a gamble and a hit to the company’s reputation." – Kyle Robertson, Senior Banking Analyst

submitted 36 days ago • 1 comment

Macquarie is quitting the world’s biggest #climate banking alliance. This decision from #MacquarieBank is a betrayal of its net zero commitments, as is its decision to invest $65 million in the Beetaloo Basin #oilandgas development.

submitted 37 days ago • 0 comments

Macquarie has quit the Net-Zero Banking Alliance, undermining global #climate goals. "After years of touting itself as a green bank, #MacquarieBank is showing its true colours." – Kyle Robertson, senior banking analyst at Market Forces | @reuters.com

submitted 37 days ago • 0 comments