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Market Forces @marketforces.org.au · 1d

Woodside's Browse LNG project doesn't stack up environmentally and there's growing questions over the project's economics 👇
www.abc.net.au/news/2025-10...

Financial analysts cast doubt on mega Woodside gas project

The Browse gas project is staring down the full weight of Australia's climate movement. Analysts say that is the least of its worries.

www.abc.net.au

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Market Forces @marketforces.org.au · 6d

Every dollar the banks give Harita locks in pollution for decades, endangering communities in Indonesia and making a mockery of #climate pledges.

That’s why we’re calling on banks to drop Harita now. Take action ✊ marketforces.org.au/harita

Market Forces @marketforces.org.au · 6d

DBS, OCBC, UOB, CIMB and Maybank claim to support the energy transition, but their money tells a different story — they’re using nickel as a trojan horse to keep funding coal.

Coal is coal, even if it’s powering EVs. It's time for banks to stop funding Harita.

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Market Forces @marketforces.org.au · 6d

In 2024 alone, Harita’s coal-powered operations on Obi Island emitted 10.87 MtCO₂e — equal to 2.36 million cars on the road for an entire year.

On top of its current 890 MW of coal power, Harita has another 1.2 GW of coal power under construction.

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Market Forces @marketforces.org.au · 6d

Right now, major international banks like DBS, OCBC, UOB, CIMB and Maybank are funding Harita — a company building new coal power plants to produce nickel for a clean energy transition.

You read that right: New coal plants. To ‘support’ the energy transition.

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Market Forces @marketforces.org.au · 7d

Macquarie has betrayed investors and its climate commitments by continuing to support one of Australia's biggest proposed gas developments.

Join the campaign to stop Australia becoming a fracking hellscape. Tell Macquarie to stop financing Beetaloo: marketforces.org.au/beetaloo

Emissions from the Beetaloo sub-Basin would be equivalent to running Australia's largest coal-fired power station, Eraring, for another 83 years.

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Market Forces @marketforces.org.au · 7d

BREAKING: AFR reports #Macquarie is backing another gas fracking pilot project in the Beetaloo Basin, this time for Tamboran Resources.

This comes just months after Macquarie received a 35% shareholder strike against its fossil fuel financing activity. #climate #auspol

Beetaloo gas to hit market in 2026, thanks to $75m NT guarantee

An unusual loan guarantee granted by the Northern Territory government has underscored how much gas from the project is needed.

www.afr.com

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Market Forces @marketforces.org.au · 8d

Banks and investors still pouring trillions into fossil fuels, a decade after being warned of “tragedy on the horizon” | @reneweconomy.com.au

“The financial system is facing instability and potential collapse.” #climate

reneweconomy.com.au

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Market Forces @marketforces.org.au · 9d

"Australia's financial institutions and regulators must get on with the job of mitigating climate-related risks, by supercharging investment in renewable energy and ruling out support for new coal and gas." – Will van de Pol, Market Forces CEO

@ran.org @wwf.eu @accr.bsky.social @sierraclub.org

Tragedy of the Horizon

10 years after this famous climate finance risk speech, experts are taking stock: What progress has been made? and, What needs to change?

www.tragedyofthehorizon.org

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Market Forces @marketforces.org.au · 9d

The crisis that was once on the horizon is now at our doorstep. It's time for concrete action.

Together with 50 organisations around the world, we're calling on banks, insurers and financial institutions to move beyond voluntary disclosure and mandate #climate transition plans.

Headline from The Canberra Times: 'Financial sector urged to shoot higher on climate risk'. Background image shows firefighters facing a bushfire.

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Market Forces @marketforces.org.au · 9d

We are calling for bold, meaningful financial reforms to safeguard global financial stability and avoid the risk of future systemic collapse.

🔗 Read the full statement: www.tragedyofthehorizon.org

Tragedy of the Horizon

10 years after this famous climate finance risk speech, experts are taking stock: What progress has been made? and, What needs to change?

www.tragedyofthehorizon.org

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Market Forces @marketforces.org.au · 9d

Today, to mark its 10th anniversary, our organisation joins 54 leading climate finance institutions from across Australia, Canada, the UK, US, EU, Asia, and South America in urging central banks and prudential supervisors to reflect on the lessons of the past decade. 🧵 2/3

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Market Forces @marketforces.org.au · 9d

A decade ago, then-Governor of the Bank of England, Mark Carney, delivered his landmark "Tragedy of the Horizon" speech—highlighting the systemic financial risks posed by #climate change. 🧵 1/3

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Market Forces @marketforces.org.au · 13d

“It's a major reputational risk. Clubs will only face more heat from sports fans bearing the brunt of climate-fuelled heatwaves, floods and bushfires.” – Brett Morgan, Market Forces

substack.com/inbox/post/1... #aflfinals

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Market Forces @marketforces.org.au · 13d

Ten #AFL clubs, as well as the league itself, take money from Australia’s biggest polluters – including Woodside, Santos, and BHP.

Together, their annual emissions rival those of NZ – undermining a safe future for footy and all of us. #climate

A chart showing the collective scope 1 and 2 emissions based on AFL club sponsors. West Coast Eagles, Essendon and St Kilda have the highest emissions.

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Market Forces @marketforces.org.au · 15d

September 29 marks a decade since Mark Carney's landmark speech about the existential threat #climate change poses to the global financial system.

Register for this webinar to hear from leading global academics, economists, and sustainable finance experts. 🌎

Tragedy of the Horizon

10 years after this famous climate finance risk speech, experts are taking stock: What progress has been made? and, What needs to change?

tragedyofthehorizon.org

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Market Forces @marketforces.org.au · 16d

Australia's biggest foreign takeover has been abandoned by international investors following revelations of a hushed-up gas leak from a Darwin LNG tank, which Santos still has not fixed.

This must be a wake-up call for the banks still backing Santos. #climate #energy #auspol

Secrecy over gas leak backfires as $36b Santos takeover scuttled

Secrecy around a major methane leak helped Santos avoid public scrutiny for years. It backfired after a prospective bidder reportedly found out via an ABC News report.

www.abc.net.au

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Market Forces @marketforces.org.au · 16d

Research by Market Forces shows #Japan is losing the renewables race.

It's time for companies like JERA to pivot away from gas – to stay competitive in a rapidly decarbonising world, to mitigate risk, and to respect the wishes of Tiwi people speaking out against Barossa LNG. #climate #energy

Japan’s Trading Houses: Losing the Renewable Energy Race - Market Forces

www.marketforces.org.au

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Market Forces @marketforces.org.au · 16d

As Japan keeps buying gas, Aboriginal Australians pay the price | @japantimes.co.jp

Traditional owners are calling for offshore gas drilling near the Tiwi Islands to not go ahead. Meanwhile, Japanese investors including JERA continue to financially back the project.

As Japan keeps buying gas, Aboriginal Australians pay the price

Japan is Australia’s second-largest export market for energy and natural resources, giving Tokyo a certain political weight when it comes to Australian energy matters.

www.japantimes.co.jp

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Market Forces @marketforces.org.au · 19d

The Australian Government’s new climate target is weak, reckless and not aligned with science.

When governments fail us, our campaigns to get big banks and super funds to take climate action become even more critical.

Join us and take action marketforces.org.au 🔥

A dog is sitting in a house which is one fire. The dog has a speech bubble over its head saying "This is fine"

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Market Forces @marketforces.org.au · 20d

Australia is one of the globe's biggest polluters per person and the world's largest coal exporter.

Today's new #climate target - reducing emissions by 62-70 per cent by 2035 - is too small and not aligned with science.

Big banks and super funds must end support for coal, oil and gas. #CleanEnergy

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Market Forces @marketforces.org.au · 21d

Ember highlights the compatibility of wind and solar, with spatial and temporal analyses across Southeast Asia demonstrating they complement each other during different months.

Yet JERA is missing this profitable opportunity in one of the world's fastest-growing energy markets.

Renewables capacity needs to more than triple by 2035 in the ASEAN region to meet key decarbonisation pathways.

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Market Forces @marketforces.org.au · 21d

Japan's largest power generator #JERA has major expansion plans across Asia, but remains heavily focused on #LNG projects.

This is despite #RenewableEnergy now being cost-competitive compared to gas in the region (solar currently at $44-50/MWh vs. gas at $42-43/MWh).

JERA's global operations are 97% fossil fuel generation and only 3% renewables, despite high renewable energy opportunity in Southeast Asia

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Market Forces @marketforces.org.au · 21d

Will renewable energy lead the charge for Asia's energy? #EnergyTransition

Energy think tank Ember found that ASEAN electricity demand will increase 41% by 2030 from 2023 levels, and renewables are well placed to meet the gap.

A graph by energy think tank Ember, showing how electricity demand is expected to grow signficantly across much of the ASEAN (Southeast Asian) region this decade. Growth is expected to be especially high in Myanmar, Cambodia and Viet Nam.

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Reposted by Market Forces

The Australia Institute @australiainstitute.org.au · 23d

Woodside’s North West Shelf gas export project is a disaster on five fronts:

🟠 Driving up WA energy prices
🟠 Threatening WA's domestic gas reserves
🟠 Paying even fewer royalties - down to just 0.6% of WA revenue in 2027-28
🟠 Corroding Murujuga rock art
🟠 Wrecking the climate

Read:

Woodside's North West Shelf gas export project: a disaster on five fronts

Australia Institute analysis reveals Woodside’s North West Shelf gas export project is driving up WA energy prices, threatening the state's domestic gas reserves, paying even fewer royalties, corrodin...

australiainstitute.org.au

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