Market Forces
@marketforces.org.au
1.2K followers 140 following 450 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
Posts Media Videos Starter Packs
marketforces.org.au
#TOKYO 📍 Don’t miss this exhibition from Noor Alam and Suman Kanti shining a light on the daily lives of communities in the Matarbari region of Bangladesh—their fishing, farming, and family life by the sea—under the expanding shadow of coal and gas-fired power plants. #climate #bangladesh
Exhibition graphic for Where the Smoke Meets the Sea. Features two photos of communities in the Matarbari region of Bangladesh. One shows a man fishing near fossil fuel infrastructure, the other shows a man standing in a field.
marketforces.org.au
📍東京でアート展開催
バングラデッシュから著名な写真家ノア・アラムと映像作家スマン・カンティ・ポールが来日。マタバリ地域の漁業・農業・家族の営み――拡大する石炭・ガス火力発電所の影の下で続くコミュニティの日常を映し出します。どなた様も、是非ご来場ください。 www.facebook.com/share/1F12CH... #tokyo #climate
Exhibition graphic. Shows two photos of communities in the Matarbari region of Bangladesh. One is a fisherman casting a net, with fossil fuel infrastructure in the background. The second is a man standing in a field. The exhibition is titled 'Where the Smoke Meets the Sea' by Noor Alam and Suman Kanti Paul.
marketforces.org.au
Big investors must act to address APA’s mounting risks by demanding the gas pipeline company only works with partners that meet the principles and standards outlined in its own policies. #climate #auspol #oilandgas
marketforces.org.au
“APA Group is playing with fire on many fronts as it works to enable the dangerous gas fracking plans of Tamboran Resources and Beetaloo Energy.” – Will van de Pol, Chief Executive, Market Forces
marketforces.org.au
“This latest threat to APA’s reputation adds to a raft of environmental and community incidents among its Beetaloo fracking partners that prompted a Market Forces-led shareholder resolution demanding greater due diligence and transparency from APA.” – Will van de Pol, Chief Executive, Market Forces
marketforces.org.au
“It must be a serious concern to regulators that a Russian billionaire on Australia’s sanction list holds a significant stake in a company being acquired by Tamboran, which is seeking to frack vast quantities of gas in the Northern Territory to send most of it overseas.” – Will van de Pol
marketforces.org.au
Tamboran’s takeover of Falcon Oil & Gas raises the thorny question: is APA comfortable doing business with a company that has dealings with a sanctioned Russian billionaire? @insideapa.bsky.social #auspol
Headline from The Australian: How Tamboran designed its Falcon takeover to try and neutralise a sanctions risk. Tamboran is sweeping the Beetaloo Basin but first it must navigate international sanctions law to deal with the Russian oligarch interests it inherits via its takeover of Falcon Oil and Gas.
marketforces.org.au
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
marketforces.org.au
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.
marketforces.org.au
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.
marketforces.org.au
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.
marketforces.org.au
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.
marketforces.org.au
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
marketforces.org.au
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
marketforces.org.au
"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
marketforces.org.au
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.
marketforces.org.au
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
marketforces.org.au
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
marketforces.org.au
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
marketforces.org.au
“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
📷 Flickerd, Creative Commons Attribution-Share Alike 4.0 International license. Cropped image of Katie-Jayne Grieve of Fremantle during the 2019 AFL Women's practice match between the Adelaide Football Club and Fremantle Football Club. Image shows an AFL jersey with Woodside logo.
marketforces.org.au
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.
marketforces.org.au
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
marketforces.org.au
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
marketforces.org.au
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