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Market Forces

@marketforces.org.au
1.4K followers 149 following 743 posts

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

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Market Forces @marketforces.org.au · 14/10/2026
🎧 OUT NOW 🎧 Our new podcast #ClimateBizMatters launches today! For the next ten weeks, follow along with new weekly episodes that dig deep into the business opportunities and decisions shaping our #climate, environment and communities. marketforces.org.au/news/podcast/
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Market Forces @marketforces.org.au · 14/10/2026
Today #AustralianSuper has woken up to a strong warning in the SMH — as leading #climate, nature and public policy organisations urge the fund to put its members first and stop backing Whitehaven’s new coal mines. Sign the open letter: australiansuperpolluter.com
A photo of a full page ad in the Sydney Morning Herald that says 'AustralianSuper, backing new coal is not super. Put your members first and say no to Whitehaven's new coal.'
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Market Forces @marketforces.org.au · 12/10/2026
🚨 ANZ ACTION 🚨 #Melbourne ANZ is the only 'big four' bank that can still finance pipelines for fracking the Beetaloo. With your help, this can change! 📅 12pm Wed 21 October 📍 ANZ HQ, 833 Collins St, Docklands 🔗 www.facebook.com/events/23368... #climate @getup.org.au @risingtideaus.bsky.social
Blue and orange climate action event graphic that reads "ANZ day of action: ANZ, don't frack the Outback! Together, we can stop Beetaloo fracking in its tracks." 21 October at 12pm in Melbourne at ANZ HQ, 833 Collins Street, Docklands.
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Market Forces @marketforces.org.au · 12/10/2026
Rising ESG complaints against Japan's megabanks (MUFG, SMBC, and Mizuho) are no longer isolated incidents – they point to a systemic failure in risk management. To protect affected communities and shareholders, banks need mandatory board-level oversight.
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Market Forces @marketforces.org.au · 08/10/2026
The problem is in the details. DBS explicitly excludes captive coal-fired power plants from its #coal exposure, while OCBC and UOB focus on clients in the power-generation sector — meaning coal used for industrial operations can still fall outside the headline commitment.
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Market Forces @marketforces.org.au · 08/10/2026
#DBS, #OCBC and #UOB have all announced commitments to stop financing new coal projects — but Market Forces’ analysis finds that their policies still leave room for financing companies operating captive coal-fired power plants.
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Market Forces @marketforces.org.au · 08/10/2026
Today, activists gathered outside UOB in Jakarta to call on major Singaporean banks to close the loopholes in their coal policies. Our message: NO NEW COAL SHOULD MEAN NO NEW COAL. #climate #southeastasia #climateaction
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Market Forces @marketforces.org.au · 08/10/2026
What #AustralianSuper doesn’t want you to know: it’s the #1 shareholder in Whitehaven Coal, a company with the biggest coal expansion plans in Australia. 🙃 #climate #auspol But this means AustralianSuper has influence. Let’s make the fund use it. 👉 australiansuperpolluter.com
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Market Forces @marketforces.org.au · 28/09/2026
Hiring is tough – especially when you’re the #1 investor in Whitehaven Coal and its massive coal expansion plans. (Yikes.) Will #AustralianSuper get the PR help it so desperately needs?? Stay tuned. In the meantime, visit australiansuperpolluter.com – they'd love that. 😉 #auspol #climate
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Market Forces @marketforces.org.au · 21/09/2026
Do you love spinning bullshit? Then #AustralianSuper might have the job for you! Find out more and apply 😉 australiansuperpolluter.com #climate #auspol
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Market Forces @marketforces.org.au · 16/09/2026
AGM season is about to kick off – come join us and @six-invest.bsky.social on Monday 21 September for an online lunchtime briefing to find out which companies we’ll be pushing for change and how you can get involved. RSVP: events.humanitix.com/2026-agm-sea... 🌱 #climateaction
Event graphic: 2026 AGM Season Briefing: Making our shareholder voices count. Mon 21 September, 12:30pm to 1:30pm AEST. Online event.
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Market Forces @marketforces.org.au · 09/09/2026
ICYMI: Media Watch shone a spotlight on gas fracking in the Beetaloo Basin this week. ▶️ www.abc.net.au/mediawatch/e... There's no place for fracking in the #Beetaloo. Tell Australia's banks to cut ties: www.marketforces.org.au/campaigns/pr... #climate
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Market Forces @marketforces.org.au · 09/09/2026
“It is a huge loophole, an elephant can go through the loophole,” Binbin Mariana at Market Forces told @apnews.com. “You say it’s a green product, but it is powered by coal... That’s definitely greenwashing.”
A truck operates at a coal mine near Samarinda, East Kalimantan, Indonesia, on August 19, 2026. Photo credit: AP Photo/Ahmad Mulia Panjaitan
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Market Forces @marketforces.org.au · 02/09/2026
Publicly challenging Woodside was an important first step, Veronique says – but more action is needed. “HESTA must step up its advocacy and demand that Woodside and Santos deliver and implement a #climate transition plan that includes an end to developing new fossil fuels.”
HESTA members rally outside their fund’s Melbourne office. Two people are pictured holding signs. One says "Take care of our climate HESTA" (white writing on a purple background) and the other says "Climate change is a health emergency: HESTA, say no to new fossil fuels" (with a photo of a child with an oxygen mask).HESTA members rally outside their fund’s Melbourne office, with signs calling on the super fund to say no to new fossil fuels.
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Market Forces @marketforces.org.au · 01/09/2026
🗣 “We really want leading Japanese companies to stop this environmental destruction.” We're demanding Mitsui & Co. and Mitsubishi Corporation withdraw from the Browse LNG project, which threatens Australia's Scott Reef.📣 #savescottreef
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Market Forces @marketforces.org.au · 20/08/2026
Joseph Irae from the Paivara and Maerava villages is worried about what Papua LNG means for his people and for the #environment. "People listen to the environment. We survive from it. We learn from it. We live with it. And when we die, we go back to the land."
An image of Joseph Irae from Papua New Guinea. (ABC News: Marian Faa)
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Market Forces @marketforces.org.au · 20/08/2026
Indigenous landowners are raising concerns as global oil and gas giants rush to green-light a massive new project on Australia's doorstep, #PapuaLNG. "The developer hasn't given enough information about what they're going to do," Meg Heako from Mareke village told @news.abc.net.au.
An image of Meg Heako, a woman from Papua New Guinea, who says she is worried about the potential environmental impacts of the massive oil and gas project, Papua LNG. (ABC News: photo by Marian Faa)
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Market Forces @marketforces.org.au · 19/08/2026
As Whitehaven's top shareholder, #AustralianSuper must challenge Whitehaven's risky growth strategy, demanding an end to new coal and protecting its members' retirement savings. Sign the open letter to AustralianSuper. australiansuperpolluter.com
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Market Forces @marketforces.org.au · 19/08/2026
Market Forces questions Whitehaven Coal's future | @news.abc.net.au "Whitehaven is living in a coal-fired fantasy while the clean energy transition is accelerating and governments act to phase out this polluting fossil fuel." #climate #auspol #energy
ABC Live: Market Forces questions Whitehaven Coal's future

Earlier today, Whitehaven Coal released its profit result.

It reported a statutory full-year profit decline of 41% to $385 million.

And when one-off "significant items" are excluded,  the company's underlying annual profit was down 29% to $227 million.

The company attributed that falling profit to lower realised coal prices or "cyclical price weakness".

That fell below analysts' underlying profit estimates of $247.6 million, according to Visible Alpha data.

But Brett Morgan, Investor Campaigns Manager for Market Forces, argues that Whitehaven is failing to grapple with the prospect of coal demand "falling off a cliff".

He says AustralianSuper, the country's largest super fund, is also Whitehaven's top shareholder, owning 11.8% of the company's shares on issue.

He says Whitehaven and AustralianSuper have questions to answer.
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Market Forces @marketforces.org.au · 18/08/2026
“As Whitehaven’s largest shareholder, AustralianSuper must challenge the company’s risky growth strategy, demanding an end to new coal and protecting its members’ retirement savings,” Market Forces campaign manager Brett Morgan told @dailymail.co.uk | www.dailymail.com/news/article...
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Market Forces @marketforces.org.au · 18/08/2026
As the country’s largest super fund and Whitehaven’s largest shareholder, #AustralianSuper must challenge Whitehaven’s risky growth strategy — demanding an end to new coal and protecting its members’ life savings. Sign the open letter: australiansuperpolluter.com
Sign the open letter. Tell AustralianSuper to use its shareholder power and deliver an end to Whitehaven's polluting coal expansion plans.
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Market Forces @marketforces.org.au · 18/08/2026
New Market Forces modelling shows major coal company Whitehaven becomes less valuable as the miner expands its coal operations — raising risks for investors including AustralianSuper. 🔗 www.news.com.au/finance/mone... #climate #auspol
News.com.au headline: Activist investors say coal miner’s finances ‘on a knife’s edge’, retirement savings of millions at risk
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Market Forces @marketforces.org.au · 11/08/2026
“My people, 30,000+, are 110% dependent on the water for survival. If you poison the water, you kill the people. We get our fish from the river and materials to build houses from the land beside it... If you poison the Purari, you poison all the rivers of Baimuru, Purari delta,” Joseph told Santos.
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Market Forces @marketforces.org.au · 11/08/2026
“In my local language, there is a saying: “You look after me, I will look after you”. If you damage [the] land ... then it won’t give you the life or the food or the necessity that we get from these things. Once it’s damaged, it’s gone.” — Joseph Kena’e Ka’au, Customary Chief of the Kaimare Tribe
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Market Forces @marketforces.org.au · 11/08/2026
“You don’t have the right to walk in our land… Who gave you the right, or the consent to come to my land? We have a right to be able to understand what is happening on our lands and to be informed and properly consulted.” — Meg Heako, We’e Lavi Tribe
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Market Forces @marketforces.org.au · 11/08/2026
Meg Heako of the We’e Lavi Tribe and Customary Chief Joseph Kena’e Ka’au of the Kaimare Tribe travelled to Australia to confront Santos directly about Papua LNG — raising urgent concerns about its potential impacts, and a lack of informed consent from community members.
A pale green textbox with a heading that says "Urgent concerns re: Papua LNG" and a list with red warning signs beside each point: Rivers and environment; Health impacts especially for women and children; Local livelihoods; and a Lack of informed consent from community members.
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Market Forces @marketforces.org.au · 11/08/2026
Right now, tens of thousands of villagers in Papua New Guinea are facing a looming threat: the proposed Papua LNG project by controversial oil and gas companies Total Energies and Santos. #humanrights #climate
A village in the Purari Delta. Photo by Nigel Joseph.
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Market Forces @marketforces.org.au · 06/08/2026
"As the largest shareholder in Whitehaven Coal, #AustralianSuper could be using its influence to try and change the company for the better – but we're not seeing the fund do that." Brett Morgan spoke to @bayfm999.bsky.social about our new campaign: australiansuperpolluter.com
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Market Forces @marketforces.org.au · 29/07/2026
Last year, Australian Retirement Trust, Cbus Super and Aware Super supported a shareholder resolution pushing for improved #climate risk exposure and management at Macquarie. This year, all three super funds backpedalled. 🔗 www.fssustainability.com.au/super-funds-...
Headline: Super funds backpedal on Macquarie climate resolution
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Market Forces @marketforces.org.au · 27/07/2026
Market Forces looked at investment in Australia's clean energy sector, and found a super-sized gap. In fact, Canadian pension funds have contributed more to Australian renewable energy projects than Australia's own super industry has. 🍁 📄 www.marketforces.org.au/campaigns/su...
A chart showing who funds Australia's renewable energy projects. Australian super funds only provide 0.8% of funding.
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Market Forces @marketforces.org.au · 27/07/2026
"We need to do everything we can to try and make the world a better place for the next generation." Winnie Fu has a young son, and thinks of his future often. When she found out her super fund #AustralianSuper is now the biggest shareholder in Whitehaven Coal, she was shocked.
Selfie of AustralianSuper member Winnie Fu riding outdoors with hills and flowers behind her. Her quote reads: "A super fund being something that is supposed to help provide for us in the future, I think it is crucial that they look beyond just monetary return."
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Market Forces @marketforces.org.au · 24/07/2026
With fellow mourners and an accompanying string quartet, we laid the short-lived climate ambition of #Macquarie to rest outside its AGM ⚰️
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Market Forces @marketforces.org.au · 23/07/2026
We ensured Macquarie’s climate ambition got the farewell it deserved at its AGM today!
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Market Forces @marketforces.org.au · 23/07/2026
It is with heavy hearts that we announce the passing of #Macquarie’s climate ambition, following a long illness brought on by increased fossil fuel financing, weakened climate commitments, and backing fracking in the Beetaloo Basin.
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Market Forces @marketforces.org.au · 23/07/2026
Rest in peace, Macquarie's climate leadership ⚰️
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Market Forces @marketforces.org.au · 23/07/2026
Internationally acclaimed climate scientist John Church on why he's attending the #Macquarie AGM 👇
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Market Forces @marketforces.org.au · 23/07/2026
Let's go 📣 We're in Sydney today for Macquarie's annual general meeting. We will be asking #Macquarie how its skyrocketing finance for major new oil and gas projects, including the #Beetaloo Basin, is aligned with its commitment to the #climate goals of the Paris Agreement
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Market Forces @marketforces.org.au · 17/07/2026
We've joined more than 160 shareholders and major investors to ask Macquarie to please explain if the Group remains committed to aligning its financing with net zero by 2050 and disclose how its fossil fuel financing is aligned with its pledge to global climate goals. fnarena.com/index.php/20...
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Market Forces @marketforces.org.au · 13/07/2026
Our super funds campaigner Brett Morgan on @3crmelbourne.bsky.social speaking about why super funds like #AustralianSuper should be stepping up as #climate leaders. Listen to the full interview here: www.3cr.org.au/earthmatters...
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Market Forces @marketforces.org.au · 06/07/2026
#BREAKING 🚨 Purari Delta leader calls for halt to Papua LNG Development Forum enabling Total and Exxon-Mobil giant gas project #climate #humanrights #papuaLNG 🌏 1/5
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Market Forces @marketforces.org.au · 02/07/2026
"A host of red flags" and "deeply shocking" 🚩 Serious #humanrights concerns have been raised over a huge Papua New Guinea LNG gas project backed by TotalEnergies, Exxon and Santos. @jubileeaus.bsky.social 🔗 www.jubileeaustralia.org/news/latest-... #climate #papuaLNG
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Market Forces @marketforces.org.au · 02/07/2026
The gas industry has been peddling its own importance to the #cleanenergy transition for years, but there are "glaring holes" in the logic — and the biggest miscalculation is about the surge in renewables, with 79% of Asia ahead of the US on solar. @reuters.com | www.reuters.com/commentary/b...
Chart: LNG importers favour renewables over fossil fuels. Wind & solar increased almost 600TWh between 2019 and 2024 for LNG-importing countries, which Gas decreased -200TWh and Coal decreased -400TWh. Source of data: Australasian Centre for Corporate Responsibility and Ember.
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Market Forces @marketforces.org.au · 16/06/2026
Super funds are missing a critical opportunity to back Australia’s clean energy transition. In fact, Canadian pension funds have more direct investments in Australian renewable energy projects than our own super funds do. How ridiculous is that?
A row chart with two rows, titled "Canada is beating us at our own renewables race". Chart depicts direct investments in Australian renewable energy projects since 2020. Canadian pension funds have invested $1.2 billion while Australian super funds have invested just $771 million.
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Market Forces @marketforces.org.au · 16/06/2026
Is the superannuation industry holding Australia back? New Market Forces research reveals the top 30 super funds have invested in just 4% of the clean energy generation capacity needed to reach Australia's 2030 renewables target. #auspol #climate
Bar chart with two columns. First in green, labelled "How much renewable energy Australia needs by 2030*" which shows 97 GW. Second column shows 3.9% and is labelled "How much Australian super funds directly own". Note at the bottom of the graphic says "*Excluding rooftop solar. Based on the Australian Energy Market Operator's analysis of the renewable electricity required to meet Australia's 82% by 2030 target."
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Market Forces @marketforces.org.au · 10/06/2026
AustralianSuper is the top shareholder in Whitehaven Coal, which has the biggest coal expansion plans of any company in Australia. #AustralianSuper members – join the campaign and call on your fund to step up and say no to Whitehaven’s new coal: australiansuperpolluter.com 🔥 #climate
A square graphic that says 'AustralianSuper: Responsible investor or super polluter?' with a satirical logo down the bottom of the tile: 'AustralianSuperPolluter.com' The two Ls in Polluter look like smoke stacks. This is a Market Forces project.
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Market Forces @marketforces.org.au · 03/06/2026
Roughly 1 in 3 people in Singapore, Indonesia and Malaysia are willing to switch banks over coal finance. It’s time for banks in Southeast Asia to listen to their customers. #climate #southeastasia #energy
Dark green graphic showing levels of agreement poll results from Indonesia, Malaysia and Singapore in response to the statement 'I would consider switching banks if I learned my current bank still finances new coal projects'. Approximately 1 in 3 people agree.
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Market Forces @marketforces.org.au · 03/06/2026
Our research — conducted with YouGov — finds a majority of people in #Singapore (52%), #Indonesia (61%) and #Malaysia (54%) do not consider nickel to be ‘green’ if it is produced using coal power.
Dark green graphic showing levels of agreement poll results from Indonesia, Malaysia and Singapore in response to the statement 'If nickel is made with coal power, it doesn't count as 'green' energy'. A majority of people agree in all three countries.
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Market Forces @marketforces.org.au · 03/06/2026
#ICYMI New data reveals 3 in 5 people across Singapore, Indonesia and Malaysia expect “no coal” to actually mean no coal, when it comes to bank finance. Yet despite their own coal exclusion policies, banks like OCBC, UOB, DBS, Maybank and CIMB are still pouring millions into industrial coal plants.
Dark green graphic showing levels of agreement poll results from Indonesia, Malaysia and Singapore in response to the statement 'When a bank commits to not finance new coal projects, I expect this to apply to all new coal plants, including industrial ones'. A majority of responses agree in all three countries.
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Market Forces @marketforces.org.au · 28/05/2026
#SaveScottReef 🪸 Browse LNG threatens an ancient marine paradise home to vibrant corals, pygmy blue whales, sharks, rays, and endangered green turtles. These creatures don't have a voice, but we do. 🐋 It's time for Mitsubishi and Mitsui to #ExitBrowse.
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Market Forces @marketforces.org.au · 28/05/2026
The incredible marine creatures that call Scott Reef home don't have a voice to speak to MIMI, but we do. 🐋 Want to help #SaveScottReef? Take a quick online action now and tell MIMI: Hands off Scott Reef and #ExitBrowse. 🪸 www.marketforces.org.au/browse-lng-b... #climate
Two people together at a climate and environment rally to save Scott Reef in Western Australia. One holds a cardboard fish and the other holds a sign that reads 'Nemo needs you - don't fund Browse Gas' that pictures a clown fish.
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