by Jack Bertolus | Jan 18, 2022 | Media releases, News
18 January 2022 NAB, ANZ and Westpac are among 18 global banks that have trashed any net zero commitments they have by lending1 US$3.49 billion to Global Infrastructure Partners (GIP) for its purchase of a 49% stake in the Pluto LNG Train 2 gas processing facility,...
by Jack Bertolus | Nov 26, 2021 | Media releases, News
26 November 2021 ANZ today updated its climate policy, which fails to prevent the bank funding new oil and gas projects and the companies pursuing them. This is despite the IEA concluding there is no room for new fossil fuel supply projects to achieve net-zero...
by Jack Bertolus | Nov 15, 2021 | Media releases, News
15 November 2021 Just days after releasing a new “transition-focused” oil and gas policy, it has been revealed that NAB is co-arranging a A$2.4 billion loan for Origin Energy. Origin Energy is pursuing gas drilling in the Beetaloo Basin, which would emit up to 1.35...
by Jack Bertolus | Nov 9, 2021 | Media releases, News
9 November 2021 NAB’s updated oil and gas policy, released today, is a greenwashing exercise that allows it to continue funding expansion of the fossil fuel industry. The new policy (p.43) contains a number of new commitments (emphasis added): A cap on oil and gas...
by Jack Bertolus | Oct 7, 2021 | Media releases, News
7 October 2021 Banks called out over their failure to align policy and financing with net-zero by 2050 commitments. Shareholder resolutions have today been lodged with ANZ, NAB and Westpac calling on the banks to end the billions of dollars of finance which continue...
