The fray is heating up for Market Forces, as public and media pressure on fossil fuel corporations and their financial toadies continues to compound. This is in thanks to recent escapades in Annual General Meetings and divestment actions, leading to alarm from the coal lobby, and nation wide press. In response to our actions and the activities of divestment focussed groups, the coal lobby has launched a desperate counter-offensive to try and charm major investment and superannuation firms to the black beauty of coal, despite the industry's crippling financial losses over the last 12 months.
During 2014, MF is only going to continue to ramp up the pressure, with the upcoming Divestment (D!) Day, on the 3rd of May... mark it down in your diaries.
In other news, Market Forces is continuing to detail the emissions financed by major institutions. This builds on debt mapping work revealing that financial institutions have lent $82 billion over the last 5 years to fossil fuel companies, with the big four banks taking out places in the top 10, including #1 for ANZ, who alone has leant $6.53 billion. We're also planning to look into superannuation... so stay tuned!