Market Forces
@marketforces.org.au
Exposing the banks and super funds financing fossil fuel expansion in the #climate crisis. Follow us for insights from Australia and Asia, and make your money a force for good: marketforces.org.au
From #climate progress at two major banks, to Mitsubishi pulling out of LNG projects in Bangladesh — it’s been a big year for shifting finance out of the fossil fuel industry.
Here are just a few of our favourite highlights, all made possible with your support. 💚
Here are just a few of our favourite highlights, all made possible with your support. 💚
December 19, 2025 at 12:32 AM
From #climate progress at two major banks, to Mitsubishi pulling out of LNG projects in Bangladesh — it’s been a big year for shifting finance out of the fossil fuel industry.
Here are just a few of our favourite highlights, all made possible with your support. 💚
Here are just a few of our favourite highlights, all made possible with your support. 💚
Companies around the world are meant to follow the same International Financial Reporting Standards (IFRS). But in reality there is wide variation in the quality of information disclosed in different jurisdictions.
Asset Retirement Obligations: What Lies Beneath? - Carbon Tracker Initiative
Why inconsistent asset retirement obligation disclosures leave investors exposed to hidden risk Oil and gas companies...
carbontracker.org
December 18, 2025 at 3:46 AM
Companies around the world are meant to follow the same International Financial Reporting Standards (IFRS). But in reality there is wide variation in the quality of information disclosed in different jurisdictions.
It's time for #ANZ to do what is in the best interests of Australian families and businesses, and stop offering finance to companies expanding fossil fuels – driving more severe bushfires and devastating floods.
Take action ✅ www.marketforces.org.au/campaigns/ba... #auspol #climate #banks
Take action ✅ www.marketforces.org.au/campaigns/ba... #auspol #climate #banks
December 18, 2025 at 12:53 AM
It's time for #ANZ to do what is in the best interests of Australian families and businesses, and stop offering finance to companies expanding fossil fuels – driving more severe bushfires and devastating floods.
Take action ✅ www.marketforces.org.au/campaigns/ba... #auspol #climate #banks
Take action ✅ www.marketforces.org.au/campaigns/ba... #auspol #climate #banks
Westpac is funding #climate collapse – but it doesn't have to.
Join Australian healthcare workers and tell #Westpac to stop funding fossil fuel expansion today: www.marketforces.org.au/campaigns/ba...
Join Australian healthcare workers and tell #Westpac to stop funding fossil fuel expansion today: www.marketforces.org.au/campaigns/ba...
December 16, 2025 at 5:31 AM
Westpac is funding #climate collapse – but it doesn't have to.
Join Australian healthcare workers and tell #Westpac to stop funding fossil fuel expansion today: www.marketforces.org.au/campaigns/ba...
Join Australian healthcare workers and tell #Westpac to stop funding fossil fuel expansion today: www.marketforces.org.au/campaigns/ba...
Big four bank #Westpac has “dramatically watered down” its #climate transition plan requirements for fossil fuel clients – and insists it “can’t do much more”.
But the large strides made by both #CommBank and #NAB prove that's simply not true.
But the large strides made by both #CommBank and #NAB prove that's simply not true.
Westpac fends off concerns about its lending to gas
Shareholder opposition to the lender’s climate transition plan was less than the previous year, despite criticism that it has pared back its ambitions.
www.afr.com
December 11, 2025 at 6:18 AM
Emergency leaders and over 100 shareholders have joined us to send a clear warning to #Westpac that it must stop financing the coal, oil and gas companies putting Australians at risk.
Today we're at Westpac's AGM challenging the bank for watering down its #climate policy.
Today we're at Westpac's AGM challenging the bank for watering down its #climate policy.
December 11, 2025 at 3:37 AM
MEDIA RELEASE: Emergency Leaders, major global investors and shareholders warn Westpac has a duty to meet its #climate commitments by ending finance for companies expanding coal, oil and gas, fuelling deadly bushfires, floods and heatwaves.
Westpac is risking a safe future and stable economy.
Westpac is risking a safe future and stable economy.
Emergency Leaders, shareholders warn Westpac: meet climate pledges - Market Forces
Emergency Leaders have joined shareholders warning Westpac has a duty to meet its climate commitments by ending finance for companies expanding coal, oil and gas, fuelling worsening bushfires, floods ...
www.marketforces.org.au
December 10, 2025 at 8:59 PM
MEDIA RELEASE: Emergency Leaders, major global investors and shareholders warn Westpac has a duty to meet its #climate commitments by ending finance for companies expanding coal, oil and gas, fuelling deadly bushfires, floods and heatwaves.
Westpac is risking a safe future and stable economy.
Westpac is risking a safe future and stable economy.
Thanks to your support, we’re ruining Westpac’s day. 😉
We’ve scored homepage ads on @australia.theguardian.com – with millions of readers – calling out #Westpac for breaching its updated #climate policy after only just one month, with a major deal to oil and gas company Santos.
We’ve scored homepage ads on @australia.theguardian.com – with millions of readers – calling out #Westpac for breaching its updated #climate policy after only just one month, with a major deal to oil and gas company Santos.
December 10, 2025 at 4:34 AM
Thanks to your support, we’re ruining Westpac’s day. 😉
We’ve scored homepage ads on @australia.theguardian.com – with millions of readers – calling out #Westpac for breaching its updated #climate policy after only just one month, with a major deal to oil and gas company Santos.
We’ve scored homepage ads on @australia.theguardian.com – with millions of readers – calling out #Westpac for breaching its updated #climate policy after only just one month, with a major deal to oil and gas company Santos.
＜共同プレスリリース＞パプアニューギニア、オーストラリア、日本、ヨーロッパの6団体が、パプアLNGガスプロジェクトにおける三菱UFJ銀行（MUFG）の関与について、世界初のエクエーター原則に基づく異議申立てを行いました。
#papuaLNG #mufg #japan #climate #humanrights
#papuaLNG #mufg #japan #climate #humanrights
NGOら、パプアLNG事業の潜在的な資金提供者であるMUFGに対し世界初のエクエーター原則に基づく異議申立を提出 - Market Forces
2025年12月10日 環境法・地域権利センター（CELCOR, PNG）ジュビリー・オーストラリアアジア債務・開発人民運動（APMDD）JACSESMarket ForcesReclaim Finance 本日、6つの団体が、パプアニューギニアで計画されているパプアLNG事業について、その潜在的な気候・生物多様性・人権への影響に関する重大な懸念を示す、初の正式な「エクエーター原則」に関する異議申...
www.marketforces.org.au
December 10, 2025 at 4:12 AM
＜共同プレスリリース＞パプアニューギニア、オーストラリア、日本、ヨーロッパの6団体が、パプアLNGガスプロジェクトにおける三菱UFJ銀行（MUFG）の関与について、世界初のエクエーター原則に基づく異議申立てを行いました。
#papuaLNG #mufg #japan #climate #humanrights
#papuaLNG #mufg #japan #climate #humanrights
BREAKING: Six organisations from Papua New Guinea, Australia, Japan and Europe have filed the first-ever Equator Principles complaint against #MUFG over #PapuaLNG – a gas project that could affect 12,700+ Indigenous people and threaten ~100 species. #climate #biodiversity #humanrights
NGOs submit first formal Equator Principles complaint against MUFG and potential financiers of the Papua LNG project - Market Forces
Port Moresby/Melbourne/Tokyo/Paris/London. Wednesday 10 December – Today, six organisations have submitted the first formal complaint to the Equator Principles detailing urgent concerns about the pote...
www.marketforces.org.au
December 10, 2025 at 3:24 AM
BREAKING: Six organisations from Papua New Guinea, Australia, Japan and Europe have filed the first-ever Equator Principles complaint against #MUFG over #PapuaLNG – a gas project that could affect 12,700+ Indigenous people and threaten ~100 species. #climate #biodiversity #humanrights
Despite introducing new fossil fuel lending restrictions in October, we’ve discovered Westpac has just arranged a $1.54 billion bond for Santos – one of Australia’s most notorious and polluting gas companies 😠
December 9, 2025 at 4:10 AM
Despite introducing new fossil fuel lending restrictions in October, we’ve discovered Westpac has just arranged a $1.54 billion bond for Santos – one of Australia’s most notorious and polluting gas companies 😠
It’s time super funds lived up to their commitments by ending fossil fuel expansion and securing a stable retirement for us all! Check out our latest report and take action at marketforces.org.au/ffx200
www.superreview.com.au/super-funds-...
www.superreview.com.au/super-funds-...
Super funds’ fossil fuel exposure draws $33bn scrutiny - Super Review
Funds are facing criticism after a new analysis found $33 billion is invested by super funds in companies expanding coal, oil and gas globally.
www.superreview.com.au
December 5, 2025 at 3:00 AM
It’s time super funds lived up to their commitments by ending fossil fuel expansion and securing a stable retirement for us all! Check out our latest report and take action at marketforces.org.au/ffx200
www.superreview.com.au/super-funds-...
www.superreview.com.au/super-funds-...
東京・下北沢の BONUSTRACKで開催した #海と煙が出会う場所 展にご来場いただいた皆様、ありがとうございました！
本展示では、海と共に暮らすバングラデシュ・マタバリ地域が、石炭火力発電所や新たなガス拡張計画の影響下でも、困難に立ち向かう彼らの回復力を紹介しました。
来日したアーティストと、日本の皆さまとの力強い繋がりと交流が生まれたことに、心より感謝いたします。 #climate #japan
本展示では、海と共に暮らすバングラデシュ・マタバリ地域が、石炭火力発電所や新たなガス拡張計画の影響下でも、困難に立ち向かう彼らの回復力を紹介しました。
来日したアーティストと、日本の皆さまとの力強い繋がりと交流が生まれたことに、心より感謝いたします。 #climate #japan
December 3, 2025 at 4:36 AM
東京・下北沢の BONUSTRACKで開催した #海と煙が出会う場所 展にご来場いただいた皆様、ありがとうございました！
本展示では、海と共に暮らすバングラデシュ・マタバリ地域が、石炭火力発電所や新たなガス拡張計画の影響下でも、困難に立ち向かう彼らの回復力を紹介しました。
来日したアーティストと、日本の皆さまとの力強い繋がりと交流が生まれたことに、心より感謝いたします。 #climate #japan
本展示では、海と共に暮らすバングラデシュ・マタバリ地域が、石炭火力発電所や新たなガス拡張計画の影響下でも、困難に立ち向かう彼らの回復力を紹介しました。
来日したアーティストと、日本の皆さまとの力強い繋がりと交流が生まれたことに、心より感謝いたします。 #climate #japan
Our new report reveals Australia's top 30 super funds have more than AU$33 billion invested in a list of 200 companies with the biggest coal, oil and gas expansion plans around the world. #climate #auspol
“Worth reading” as ABC says: marketforces.org.au/FFX200
“Worth reading” as ABC says: marketforces.org.au/FFX200
December 3, 2025 at 4:23 AM
Our new report reveals Australia's top 30 super funds have more than AU$33 billion invested in a list of 200 companies with the biggest coal, oil and gas expansion plans around the world. #climate #auspol
“Worth reading” as ABC says: marketforces.org.au/FFX200
“Worth reading” as ABC says: marketforces.org.au/FFX200
Japan is pushing devastating coal and gas expansion in #Bangladesh – where thousands of vulnerable people have lost land and livelihoods because of it.
We were proud to work with artists Noor Alam and Suman Kanti Paul, to share these stories from Bangladesh with people in Tokyo.
We were proud to work with artists Noor Alam and Suman Kanti Paul, to share these stories from Bangladesh with people in Tokyo.
December 3, 2025 at 2:07 AM
Japan is pushing devastating coal and gas expansion in #Bangladesh – where thousands of vulnerable people have lost land and livelihoods because of it.
We were proud to work with artists Noor Alam and Suman Kanti Paul, to share these stories from Bangladesh with people in Tokyo.
We were proud to work with artists Noor Alam and Suman Kanti Paul, to share these stories from Bangladesh with people in Tokyo.
Our new report reveals Australian super funds could have over $130 billion invested in the world's biggest coal, oil and gas companies. #climate #auspol
That's your retirement savings being used to support fossil fuels – instead of protecting your future. Take action: marketforces.org.au/FFX200
That's your retirement savings being used to support fossil fuels – instead of protecting your future. Take action: marketforces.org.au/FFX200
December 2, 2025 at 5:31 AM
Our new report reveals Australian super funds could have over $130 billion invested in the world's biggest coal, oil and gas companies. #climate #auspol
That's your retirement savings being used to support fossil fuels – instead of protecting your future. Take action: marketforces.org.au/FFX200
That's your retirement savings being used to support fossil fuels – instead of protecting your future. Take action: marketforces.org.au/FFX200
Australia's top super funds have over $33bn invested in the world's biggest fossil fuel expanders, the FFX 200.
Yet over 7 years, the FFX 200 has underperformed all indices while the Bloomberg Goldman Sachs Global Clean Energy Index more than doubled FFX 200 returns. marketforces.org.au/FFX200
Yet over 7 years, the FFX 200 has underperformed all indices while the Bloomberg Goldman Sachs Global Clean Energy Index more than doubled FFX 200 returns. marketforces.org.au/FFX200
December 2, 2025 at 5:12 AM
Australia's top super funds have over $33bn invested in the world's biggest fossil fuel expanders, the FFX 200.
Yet over 7 years, the FFX 200 has underperformed all indices while the Bloomberg Goldman Sachs Global Clean Energy Index more than doubled FFX 200 returns. marketforces.org.au/FFX200
Yet over 7 years, the FFX 200 has underperformed all indices while the Bloomberg Goldman Sachs Global Clean Energy Index more than doubled FFX 200 returns. marketforces.org.au/FFX200
Top super funds hold $33bn in big fossil fuel companies, new Market Forces analysis finds | @australia.theguardian.com #auspol #superannuation #climate
December 2, 2025 at 3:40 AM
Top super funds hold $33bn in big fossil fuel companies, new Market Forces analysis finds | @australia.theguardian.com #auspol #superannuation #climate
Super funds plunge billions into fossil fuel companies | @dailymailau.bsky.social
"The damage these companies could do to our #climate by charging ahead with new coal and gas projects would have significant ramifications for Australians' retirement savings." – Brett Morgan, Market Forces #auspol
"The damage these companies could do to our #climate by charging ahead with new coal and gas projects would have significant ramifications for Australians' retirement savings." – Brett Morgan, Market Forces #auspol
Super funds plunge billions into fossil fuel companies
Australia's 30 biggest superannuation funds have invested more than $33 billion in companies that are expanding fossil fuels globally, according to research...
www.dailymail.co.uk
December 2, 2025 at 3:07 AM
Super funds plunge billions into fossil fuel companies | @dailymailau.bsky.social
"The damage these companies could do to our #climate by charging ahead with new coal and gas projects would have significant ramifications for Australians' retirement savings." – Brett Morgan, Market Forces #auspol
"The damage these companies could do to our #climate by charging ahead with new coal and gas projects would have significant ramifications for Australians' retirement savings." – Brett Morgan, Market Forces #auspol
NEW REPORT: Market Forces has identified 200 companies with the biggest coal, oil and gas expansion plans globally — aka the Fossil Fuel Expansion Index, or FFX 200.
These companies are actively driving more extreme #climate disasters. And your super fund probably invests in them.
These companies are actively driving more extreme #climate disasters. And your super fund probably invests in them.
The Fossil Fuel Expansion Index - Market Forces
How Australian superannuation funds are propping up the world’s most unforgivable climate polluters
www.marketforces.org.au
December 1, 2025 at 10:56 PM
NEW REPORT: Market Forces has identified 200 companies with the biggest coal, oil and gas expansion plans globally — aka the Fossil Fuel Expansion Index, or FFX 200.
These companies are actively driving more extreme #climate disasters. And your super fund probably invests in them.
These companies are actively driving more extreme #climate disasters. And your super fund probably invests in them.
MEDIA RELEASE: Australia’s top 30 super funds have over $33 billion invested in companies expanding fossil fuels globally, in default or largest options, on latest disclosures.
And funds have 3 x more invested in fossil fuel companies than clean energy.
#Climate #Renewables #CleanEnergy
Read More
And funds have 3 x more invested in fossil fuel companies than clean energy.
#Climate #Renewables #CleanEnergy
Read More
Top Australian super funds invest $33 billion in fossil fuel expansion - Market Forces
New Market Forces analysis finds that Australia’s top 30 superannuation funds have more than $33 billion invested in companies expanding fossil fuels globally, in their default or largest investment o...
www.marketforces.org.au
December 1, 2025 at 7:53 PM
MEDIA RELEASE: Australia’s top 30 super funds have over $33 billion invested in companies expanding fossil fuels globally, in default or largest options, on latest disclosures.
And funds have 3 x more invested in fossil fuel companies than clean energy.
#Climate #Renewables #CleanEnergy
Read More
And funds have 3 x more invested in fossil fuel companies than clean energy.
#Climate #Renewables #CleanEnergy
Read More
NYC pension funds could set a global precedent by ditching BlackRock, the world's largest asset manager, on climate grounds. Meanwhile in Australia, our largest super fund #AustralianSuper has thrown its support behind the fossil fuel expansion plans of climate wreckers like Woodside & Whitehaven 😡
👀 If the NYC pension boards adopt the @nyccomptroller.bsky.social recommendations and move BlackRock's $42B mandate to other asset managers, it could be one of the most consequential climate-related actions ever taken by a pension fund in the US or anywhere in the world.
Today I’m recommending that NYC’s pension fund boards drop BlackRock and 2 other (out of 49) public markets asset managers due to inadequate decarbonization plans.
Climate risk is financial risk – we need asset managers who will invest responsibly.🧵
www.bloomberg.com/news/article...
Climate risk is financial risk – we need asset managers who will invest responsibly.🧵
www.bloomberg.com/news/article...
November 28, 2025 at 1:13 AM
NYC pension funds could set a global precedent by ditching BlackRock, the world's largest asset manager, on climate grounds. Meanwhile in Australia, our largest super fund #AustralianSuper has thrown its support behind the fossil fuel expansion plans of climate wreckers like Woodside & Whitehaven 😡
Letter to the editor @newcastleherald.bsky.social: "An easy way for banks to reduce their climate impact would be phasing out such lending" — hit the nail on the head, Anne.
Check your bank: www.marketforces.org.au/comparebanks #auspol #climate
Check your bank: www.marketforces.org.au/comparebanks #auspol #climate
November 26, 2025 at 5:27 AM
Letter to the editor @newcastleherald.bsky.social: "An easy way for banks to reduce their climate impact would be phasing out such lending" — hit the nail on the head, Anne.
Check your bank: www.marketforces.org.au/comparebanks #auspol #climate
Check your bank: www.marketforces.org.au/comparebanks #auspol #climate
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. #auspol #banks #climate
Australia’s big banks face big climate decisions - Market Forces
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...
www.marketforces.org.au
November 25, 2025 at 4:42 AM