Market Forces in Fitzroy, Victoria | Environmental conservation organisation

Market Forces

Locality: Fitzroy, Victoria

Phone: +61 3 9016 4449

Address: 312 Smith St 3066 Fitzroy, VIC, Australia

Website: http://www.marketforces.org.au

Likes: 21536

Add/Update information

Reviews

Tags

• Non-profit organisation
• Community organisation
• Environmental conservation organisation

25.01.2022 We're raising money to fund a full page ad calling out NAB's funding for dirty gas, and we're so close to hitting our target! Can you chip in and help protect the environment against polluting gas? https://chuffed.org/project/nab

25.01.2022 Tell Samsung to be a climate leader and get out of dirty coal: https://marketforces.org.au/research/vietnam/vung-ang-2/

25.01.2022 The State Bank of India is yet to come clean on whether it will lend AU $1 billion to Adani's Carmichael coal mine - that's just not cricket! There are protests outside SBI's offices across the world, calling on the bank to make the right choice: no loan for Adani coal. Add your voice: https://www.marketforces.org.au/sbi-investors-must-stop-lo/ #StopAdani #AUSvIND Photo credit: Julian Meehan

25.01.2022 We have just hours to act The State Bank of India is deliberating whether to loan A$1 billion of taxpayer money to Adani's Carmichael coal mine. Tell SBI's shareholders and investment partners to stop SBI from making the wrong choice: https://www.marketforces.org.au/sbi-investors-must-stop-lo/

24.01.2022 More twists and turns on the road to #StopAdani. Adanis inability to find an established coal transportation contractor for its Carmichael project has meant that it has had to set up its own company, significantly increasing its upfront costs. It also seems, according to this ABC story, that Adani has tried to keep its links to this new company secret! Bowen Rail Company is fully owned by Adani Ports and Special Economic Zone - one of Adanis most profitable companies. This ...has created a direct pathway for funding the climate-wrecking Carmichael coal project, and also exposed Adani Ports financiers (such as Deutsche Bank, JPMorgan Chase & Co., Barclays UK, TIAA and Allianz) to a risky coal project in Australia. Read more in the linked story. https://www.abc.net.au//adani-coal-mine-abbot-poi/12644432

23.01.2022 Despite their pledges to act on climate change, NAB and Westpac just arranged $500 million for Aurizon, the operator of Australias largest coal-export rail system. Tell our big banks to stop funding companies undermining climate action: marketforces.org.au/BigFourScorecard

23.01.2022 NAB is underwriting US$39 million of bonds for a dirty gas company pursuing expansion of the fossil fuel industry. Tell NAB: the Paris Agreement means no new gas! marketforces.org.au/FundingClimateFailure

23.01.2022 Unnamed banks are arranging a US$1 billion loan for the massive QCLNG dirty #gas export project in QLD. https://www.pfie.com//australia-cnooc-seeking-curtis-lng-r Previous lenders to CNOOCs QCLNG: ANZ Australia, Commonwealth Bank, NAB and Westpac Learn more, take action: marketforces.org.au/LNG

23.01.2022 Insurance marketplace Lloyds of London is the fossil fuel industrys insurer of last resort. Protestors called on the insurance market to stop insuring dangerous projects like Adanis Carmichael coal project. One Lloyds insurer, W.R. Berkley, hasnt ruled out insuring Adani. Tell them to join 18 other major insurers that have already walked away: https://marketforces.org.au/wrb-adani #StopAdani

23.01.2022 Yet another reminder we can't trust Adani #StopAdani

22.01.2022 After months of campaigning by more than 12,000 members, UniSuper has taken its first step towards fossil fuel divestment by dumping thermal coal mining companies. Congratulations to everyone involved! However, this is far from what the UniSuper Divest campaign is calling for. We now need to take the momentum this campaign has generated so far and get UniSuper to properly divest from all companies hell-bent on expanding the fossil fuel industry. https://www.smh.com.au//unisuper-dumps-coal-assets-as-sect

22.01.2022 Protest in Goa, India against State Bank of India providing $1 billion to a well-connected billionaire for a disastrous coal mine in Australia. You can take action here: https://www.marketforces.org.au/sbi/ #StopAdani #StoptheLoan

21.01.2022 Indian media is reporting that the State Bank of India (SBI) is on the verge of throwing good money after bad and loaning $1 billion to Adani for its climate-wrecking Carmichael coal project! Take action to stop this from happening: https://www.marketforces.org.au/sbi/ India is planning to phase out thermal coal imports, and renewable energy is already outperforming coal economically, so SBI’s loan would make no financial or economic sense. ... Additionally, India, like Australia, is already grappling with the disastrous impacts of the climate crisis and the deadly extreme weather it brings and Adani’s mega mine will only make climate change worse. Let SBI know that it must save its reputation and act in the interest of ordinary people, not well-connected billionaires. #StopAdani

21.01.2022 Back in June, together with Bushfire Survivors for Climate Action we wrote to five Korean creditors of Adanis Abbot Pt coal port pointing out the devastating climate impacts of the Carmichael coal project. As of yesterday, after a campaign by the amazing #StopAdani groups and allies both in Australia and Korea, all five are now committed to providing no further finance for Adani. Go people power!... More on the story here: https://www.marketforces.org.au/five-korean-creditors-dump/ For those counting, thats 79 major corporations now refusing to have anything to do with Adanis coal projects in Australia.

21.01.2022 HUGE NEWS! Major State Bank of India (SBI) investor Amundi will dump tens of millions in green bonds if SBI's $1bn loan for Adani's climate-wrecking coal mine goes ahead! "We consider SBI should not finance this project...we've been extremely clear on the fact that, if they decide to do it, we would immediately disinvest" "Financing the mine would be in 'total contradiction' to the SBI activities financed through its green bond" Amundi said.... Now we are calling on SBI's other investors and business partners to follow suit (see first comment). Together, we will stop this loan and #StopAdani! https://in.investing.com//amundi-gives-bond-warning-to-sta

19.01.2022 Aside from wrecking our climate, gas is also harming our health according to a report today from The Climate Council: climatecouncil.org.au/reso/gas-habit-how-gas-harming-health Yet in October NAB loaned US$50 million to Santos, the company pursuing the highly opposed Narrabri unconventional gas project. Can you chip for this full page ad telling NAB to ditch dirty gas?

19.01.2022 OUT: Sequoia joins the growing list of Adani Abbot Point bondholders walking away from this disastrous project. Korea Investment Securities needs to do the same, by ruling out any future funds for Adani mega coal mine. Our pressure on Adanis creditors is working - send them a message now: marketforces.org.au/abbot-point

18.01.2022 Media is reporting that one of the world's top-10 bond arrangers, Deutsche Bank, has refused to take part in this week's Adani Ports and SEZ Ltd bond issue after thousands of our supporters pointed out the links between Adani Ports and the climate-wrecking Carmichael coal project! Barclays UK - what about you? Take action: https://www.marketforces.org.au//theada/finance-stopadani/ ... #StopAdani

17.01.2022 Another Lloyds insurer says no to the climate-wrecking Adani Carmichael coal project! Bit by bit, people power is convincing companies that associating with a massive new coal project is a reputation-destroyer. #StopAdani

17.01.2022 Is your super fund using your retirement savings to: protect the environment, or invest in fossil fuels like coal mining and coal seam gas? Use our table to find out, and take action to tell your fund to lift its game on climate action: https://marketforces.org.au/superfunds

17.01.2022 That’s $12 billion we can’t spend on climate solutions. Learn more, take action: marketforces.org.au/FFS

17.01.2022 Adani has just breached its environmental conditions for the FIFTH time on its Carmichael coal project. Siemens said it had the right to pull out of its contract helping Adani open up a massive new thermal coal mine in the midst of the climate crisis, if Adani didn't fulfill its environmental obligations. Well Siemens? Did you mean what you said or was it all public relations?... #StopAdani https://www.theguardian.com//adani-admits-breaching-enviro

16.01.2022 A new film about the people-powered campaign to stop Adanis coal mine is launching September 21! Organise a premiere screening and keep the pressure on to #StopAdani https://www.stopadani.com/filmscreening

16.01.2022 More on todays announcement from Suncorp. https://www.theguardian.com//insurance-giant-suncorp-to-en QBE Insurance Australia is now the only Australia-based insurer willing to insure new climate-destroying oil and gas projects.... Tell QBE to do the right thing: https://www.marketforces.org.au/suncorp-out-of-oil-and-gas/

16.01.2022 While Australias academics, scientists and researchers work on climate change solutions, their super fund is investing their retirement savings in the companies causing the problem. Tell UniSuper to divest from companies undermining climate action: https://unisuperdivest.org

16.01.2022 Adanis Abbot Point coal ports second biggest bondholder, the Taiwan-based Yuanta - has told us it has sold its $27 million worth of bonds and wont be buying any more! The coal ports link to the climate-destroying Carmichael coal project continues to put-off investors. Tell the ports remaining investors, like Korea Investment and Securities () to follow Yuantas lead: https://www.marketforces.org.au/info/key-issues/abbot-point/... More on the story here: https://www.afr.com//asian-lenders-shun-adani-s-abbot-poin #StopAdani

16.01.2022 Hello again summer

15.01.2022 In a move likely to disappoint gas lobbyists, major insurer Suncorp has just announced that it will immediately stop any insuring and financing of new and additional oil and gas production and exploration projects! It will phase out all oil and gas production and exploration underwriting exposure by 2025. This leaves QBE as the only Australia-based insurer willing to insure dirty and dangerous oil and gas projects including coal seam gas fracking and tar sands. While there ar...e significant gaps in Suncorps updated policy (it doesnt mention oil and gas pipelines nor gas-fired power stations), Suncorps acknowledgement that oil and gas production and exploration cannot expand if were to achieve the Paris Agreements climate goals puts it ahead of most other major insurance companies worldwide. Get all the details and take action here: https://www.marketforces.org.au/suncorp-out-of-oil-and-gas/

15.01.2022 17 Lloyd's insurers, including two of Adani’s current underwriters, are refusing any further insurance for the climate-wrecking Carmichael coal project. Hiscox Insurance is one of the few insurers that has yet to make this commitment. Tell Hiscox it's time to rule out insuring the Adani Carmichael coal project: https://www.marketforces.org.au/as-lloyds-of-london-moves-/ #StopAdani

15.01.2022 After four days and over 100km, the Wangan and Jagalingou led Tour de Carmichael has reached its destination at Adani’s Carmichael mine site. It's distressing t...o see the mine under construction and the change in the landscape. We don’t know yet what damage the mine will do to our sacred Doongmabulla Springs. That's why we're here, to witness and expose the destruction Adani is doing to our Country. As Wangan and Jagalingou cultural custodians, it’s our duty to protect our Country. We will keep coming up with new and different ways to resist Adani and other mining companies who are trying to open up the Galilee Basin. We will be back. #tourdecarmichael #cycle4country

14.01.2022 Yesterday a Qld Supreme Court judge found that Adanis Abbot Point coal port engaged in unconscionable conduct and must pay its customers $106.7m. So its not surprising that among that news and the continued exodus of creditors Adani is quietly preparing to rebrand the port that will export thermal coal from the disastrous Carmichael mine. It looks like Adani is trying to lure investors back to its heavily indebted coal port by changing what has obviously become a toxic b...rand. You can put lipstick on a pig, but its still a pig. #StopAdani https://www.theguardian.com//adani-quietly-rebranding-abbo

13.01.2022 The W&J want all contractors, insurers and financiers helping Adani build its disastrous Carmichael coal project to get off their land. Get the full list of who is working with Adani in the first comment.

13.01.2022 People from all over the world have taken to Samsung stores, asking Samsung to make the right call and not be involved in the Vung Ang 2 coal power project. Join the call and tell Samsung to support clean energy, not dirty coal: https://marketforces.org.au/research/vietnam/vung-ang-2/

13.01.2022 Protests outside Lloyds of London headquarters are happening now! They are calling on the insurance market to stop insuring climate-destroying projects like the Adani Carmichael coal mine and rail line. One Lloyds insurer, W.R. Berkley, has consistently refused to rule out insuring Adani. You can take action to call on them to join 18 other major insurers who have here: https://www.marketforces.org.au/wrb-adani/... #StopAdani

13.01.2022 UniSuper members are keeping the pressure on UniSuper to completely divest from fossil fuels every way they can! https://unisuperdivest.org/

13.01.2022 BREAKING: Two members of the #StopAdani movement have run onto the grounds at the opening cricket match between India and Australia to draw global attention to ...the State Bank of India's plans to give a $1 billion dollar (5000 crore) loan of Indian taxpayers’ money to Adani’s climate-wrecking coal project. Public funds should be used for public good, not to bail out a billionaire’s bad investment. #AUSvIND See more

13.01.2022 State Bank of India is considering loaning AU$1 billion in taxpayer money for Adani's Carmichael coal mine, and the decision is being made this week! Take action: https://www.marketforces.org.au/sbi-investors-must-stop-loan

12.01.2022 Meet CLSA. CLSA is the 80th major company to rule out working for Adani on the climate-wrecking Carmichael project! According to media reports, CLSA was one of the appointed banks which failed earlier this year to raise funds for Adani to repay debt owed by its Abbot Point coal port. After thousands of concerned citizens got in touch, CLSA is walking away from Adani and will not be going back. Tell Abbot Points remaining bankers and creditors to follow in CLSAs footsteps: h...ttps://www.marketforces.org.au/info/key-issues/abbot-point/ #StopAdani

12.01.2022 Market Forces has supported shareholders to propose resolutions calling on major fossil fuel companies to plan an orderly wind up of their coal, oil and gas production in line with the Paris climate goals. The companies facing these resolutions have no place in a decarbonised economy. Their business models rely on digging up and selling more dirty coal, oil and gas, when we know these industries must rapidly decline in order to meet the Paris Agreements goal of holding warm...ing to 1.5C. By failing to plan for and manage this necessary decline, these companies risk burning cash on projects that cannot go ahead if we are to avoid the worst impacts of climate change. This failure exposes workers and investors including our super funds to the economic and social shocks of abrupt project closures. https://www.abc.net.au//shareholder-fossil-fuel-r/12546830

12.01.2022 Hmm, why would the government back construction of a dirty gas-fired power station?

12.01.2022 On ABCs The Business last night. Whitehaven coal shareholders asking the company to demonstrate how it will go out of business in line with the Paris climate goals.

11.01.2022 Today’s Australian Financial Review (AFR) has an important message for NAB from communities in North West NSW. Take action: marketforces.org.au/NAB

10.01.2022 BREAKING The State Bank of India board will meet THIS WEEK to decide whether to give a $1bn public loan for billionaire Adani’s Carmichael coal project. If ap...proved, this loan would give Adani the money they need to dig their climate-wrecking coal mine and build their rail line. It must be stopped! People power stopped the State Bank of India giving public funds to Adani in 2015, and we will do it again! Call the SBI Chairman now and tell him not to waste taxpayers’ money on bailing out a billionaire’s bad investment! https://www.stopadani.com/call_sbi

10.01.2022 NAB has announced it will review its oil & gas policy in the next 6-12 months. Tell NAB: 1.5 degrees means no expanding the gas industry! https://www.marketforces.org.au/nab-to-review-oil-gas-poli/

09.01.2022 There can be no environmental justice without First Nations justice. Seed Mob will soon be Australia's first Indigenous youth-led environmental organisation

09.01.2022 Seven coal power plant workers were killed and dozens injured after police opened fire at protesters demanding fair wages in Banshkhali, Bangladesh. The owners and financiers of the project, like Bank of China, must be held accountable.

09.01.2022 Is your bank using your money to protect the environment or fund its destruction? Compare the fossil fuel investment positions of 120+ banks, credit unions and building societies: https://marketforces.org.au/info/compare-bank-table/

09.01.2022 Insure Our Future campaigners gathered outside Lloyds Of London headquarters to tell Lloyds to wash its hands of coal and tar sands and stop insuring fossil fuel projects! Lloyds has stepped in to cover various controversial fossil fuel projects including Adanis Carmichael coal mine.

08.01.2022 Another Lloyds insurer commits to not insuring the climate-destroying Carmichael coal project!

08.01.2022 Invesco US, State Street Global Advisors, MassMutual hows that investment in Adanis Abbot Point coal port going? #StopAdani

08.01.2022 Hostplus is the super fund for workers in sport and a major sponsor of the Gold Coast Suns. Yet Hostplus is still investing in dirty coal, oil and gas projects! Tell Hostplus to divest: https://hostplusdivest.org/

07.01.2022 BRILLIANT NEWS! Liberty Mutual Insurance have backed down from lodging an EIS for their dangerous Baralaba South coal project in Central #Queensland, but now they need to take the next step, listen to the local community and withdraw the project completely!

07.01.2022 In another blow to Adani's climate-wrecking Carmichael coal project, the Federal Court has overturned the approval for one of its water schemes which will supply essential water to the Carmichael coal mine. This could cause further delays. Adani's lawyers shamelessly argued that because it was a separate Adani subsidiary harvesting the water to the subsidiary doing the mining, the water trigger shouldn't apply. Outrageous stuff. Well done to the Australian Conservation Founda...tion and Environmental Defenders Office! #StopAdani https://www.abc.net.au//conservation-foundation-/100163382

07.01.2022 Protests are happening across Australia and the world today, calling on State Bank of India (SBI) to refuse to loan money to the disastrous Adani Carmichael coal project. Join them by taking action here: https://www.marketforces.org.au/sbi/ People have gathered outside SBI offices in New York, Melbourne, Sydney, Brisbane, Cairns, Canberra, Suva, Wellington and London, to let the bank know that Adani's Carmichael project will fuel the climate crisis, cause toxic air pollution,... generate expensive electricity, destroy aboriginal sacred sites, waste precious water and accelerate species extinction. There is no justification for handing Indian taxpayers' money to a well-connected billionaire for a coal mine in Australia. Amidst public health, economic and climate crises, it is dangerous and irresponsible. #StopAdani Photo credit: Julian Meehan

07.01.2022 Looks like Adani will have to pay yet another tranche (US$140m) of its Abbot Point coal port's (rebranded to NQXT, Nth Qld Export Terminal) debt out of its own pocket. This would be the third tranche of debt in a row, after it had to pay a total of A$270m in 2020. Ratings agency S&P said two of the risks inherent in investing in this port were:... 1. It's a coal port 2. It's linked to the Carmichael coal project Find out more and take action at the link. #StopAdani https://www.marketforces.org.au/adanis-coal-port-failing-t/

07.01.2022 17 of the worlds biggest insurers have already refused to insure Adanis Carmichael coal project. Lloyds insurer W.R. Berkley isnt one of them. Tell W.R. Berkley to rule out working on this dangerous project! #StopAdani

07.01.2022 Samsung is considering building a new coal power plant, Vung Ang 2. Vung Ang 2 would pollute the air and water and harm the local community. Our full page newspaper ad tells Samsung to make the right call and walk away from this project! Tell Samsung to tell say no to Vung Ang 2: https://marketforces.org.au/research/vietnam/vung-ang-2

06.01.2022 Just a few climate risk red flags at today's New Hope Group AGM... 1. Chair says the company remain[s] positive about the future, uses outdated coal demand scenarios consistent with catastrophic global warming of 4C or more to back up this view. 2. CEO stands by previous comments that thermal coal is part of the long term energy mix, it will always be there, and there will always be a future for us, despite recent climate policy shifts from key the company's key export... markets. 3. Company confirms is has not yet considered the impacts of Japan, China and Korea's net-zero 2050 commitments, despite coal sales to these countries making up 60% of revenue last year. It's no wonder shareholders have had to step in and call for a managed wind down of coal production in line with Paris! https://www.marketforces.org.au/new-hope-increasingly-deta/

05.01.2022 This is huge. 1. Adani has been forced to self-haul its coal, potentially adding hundreds of millions of dollars to the capital cost of the mine and rail project. 2. Adanis Bowen Rail Company is owned by Adani Ports, which recently received a major boost from international investors, leaving these investors now at risk of having funded the Carmichael mega-mine.... Were going to make sure that Adani Ports investors are aware that its more likely than ever that finance for any Adani Group company could be funneled into funding Adanis climate-wrecking coal mine. Find out more and take action: https://www.marketforces.org.au/adani-forced-to-haul-its-o/ #StopAdani

04.01.2022 They can't say they didn't know. The banks raising funds for Adani Ports: Barclays UK Standard Chartered JPMorgan Chase & Co. Citi DBS - are knowingly supporting the Carmichael coal project & Adani's Myanmar military dealings. Ask the banks’ executives why they are risking their reputation on Adani’s destructive mega-mine. #StopAdani https://www.marketforces.org.au/barclays-and-standard-char/

04.01.2022 Deutsche Bank has been one of Adani Ports' biggest bond arrangers, but this week backed away from the latest capital raising after the bank's sustainability committee reportedly backtracked, citing "environmental concerns which are in conflict with sustainability goals of the bank". Tell Adani Ports bankers and investors they should follow suit! https://www.marketforces.org.au/deutsche-bank-refuses-adan/

03.01.2022 Just in: ANZ Australia and Commonwealth Bank are arranging US$500 million for a dirty #gas company undermining climate action by expanding the scale of the fossil fuel sector. Take action: marketforces.org.au/FundingClimateFailure

03.01.2022 Japanese companies are pushing dirty coal in climate vulnerable Bangladesh. Heres how coal projects are affecting the people of coastal Matarbari

02.01.2022 Tell Commonwealth Bank and Westpac: climate change action means no funding for companies expanding the gas industry. marketforces.org.au/FundingClimateFailure

02.01.2022 We stand in solidarity with the Wangan & Jagalingou traditional owners who have served Adani with an eviction notice #EvictAdani #StopAdani

02.01.2022 This morning, NAB staff in Melbourne and Sydney were handed free copies of the Australian Financial Review newspaper on their way into work. Page 7 had a powerful message for the bank! Learn more, take action: https://www.marketforces.org.au/communities-in-north-west-/

01.01.2022 Hostplus super fund invests on behalf of Australians working in cafes and restaurants, and workers in the tourism, sports, and recreation sectors, which face the brunt of climate impacts. Members want to see their fund investing in a clean, renewable future that protects the places and activities we love. If you're a Hostplus member, join the campaign to get your retirement savings out of dirty coal, oil and gas! https://hostplusdivest.org/

01.01.2022 So far in 2020 Adani has failed to refinance its Abbot Point coal port debt and existing creditors have started running for the exit in the face of the #StopAdani campaign. Get the latest at this link, including an action calling on Abbot Points bankers CLSA and Stifel to walk away. Helping Abbot Point raise funds means supporting Adanis climate-destroying Carmichael coal project. https://www.marketforces.org.au/adani_fails_finance_aapt/

01.01.2022 If Rio Tinto truly believes its current greenhouse gas emissions targets are aligned with the Paris climate goals, why won't the company get independent verification of that claim? Rio's lack of climate action ambition was a recurring theme at its AGM today. Read all about it here https://www.marketforces.org.au/rio-tinto-dodges-climate-f/