Fake dead dolphins delivered to big four banks over Santos oil disaster

MEDIA RELEASE Thursday 23 February 2023: The big four Australian banks – ANZ, Commonwealth Bank, NAB and Westpac – have received a special delivery of ‘dead’ inflatable dolphins for financing oil and gas giant Santos, which allegedly killed marine life in a major oil spill. The dolphins are being delivered … Read More

Dirty and Dark – political donations from the fossil fuel industry

1 February 2023 The Australian Government continues to support fossil fuel exploration and development in Australia, despite 2021 modelling by the International Energy Agency (IEA), confirmed again in late 2022, which finds that there can be no new coal, oil or gas projects if the world is to achieve zero … Read More

NAB gets dangerously close to climate policy breach

NAB, which has committed to net-zero emissions by 2050 and the goals of the Paris Agreement, today released its inaugural Climate Report and once again failed to commit to ruling out financing companies building new fossil fuel projects.  NAB said it will be “considering selectively reducing exposure to high emitting … Read More

Westpac sees climate impacts, increases fossil fuel exposure

Westpac, which has committed to net-zero emissions by 2050 and the goals of the Paris Agreement, revealed an 11% increase in FY22 of its overall exposure to fossil fuels, with the increases attributed to customers in the coal rail transportation, LNG terminal, and oil and gas sectors.  Westpac cited that … Read More

ANZ missing its own climate mark

ANZ, which claims to be committed to net-zero emissions by 2050 and the goals of the Paris Agreement, today revealed significant increases in the emissions intensity of its power generation portfolio and its overall oil and gas exposure.  In FY22, ANZ increased its exposure to upstream oil and gas extraction, … Read More

Big four Australian banks face shareholder climate backlash at AGMs

MEDIA RELEASE Tuesday 11 October 2022: Shareholder resolutions have been lodged with ANZ, NAB and Westpac calling on the banks to stop financing coal, oil and gas expansion.  The resolutions, lodged by hundreds of shareholders and coordinated by environmental finance organisation Market Forces, follow one that will go to a … Read More

NAB refinances the climate-wrecking Coastal GasLink pipeline

NAB Logo

NAB has once again failed to match its rhetoric and commitments on climate change with real action, refinancing a new gas pipeline project in Canada. At its 2021 annual general meeting (AGM) NAB Chairman Phil Chronican told shareholders and Traditional Owners that its financing of the enormous climate-wrecking Coastal GasLink … Read More