Banks Use your power – tell your bank to stop funding fossil fuels! Send your message: "*" indicates required fields Select bank*Select from listANZCommonwealth BankMacquarie BankNABWestpacName* First Last Email* Are you an ANZ customer? Yes No Are you a CommBank customer? Yes No Are you a Macquarie customer? Yes No Are you a NAB customer? Yes No Are you a Westpac customer? Yes No This field is hidden when viewing the formANZ customerSubject*Your message to ANZDear ANZ, I write to you today as a concerned customer. It is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have continued to provide billions to companies expanding coal, oil and gas. The IPCC has concluded that new and expanded fossil fuel projects must not proceed if we are to meet global climate goals, yet your bank continues to enable coal, oil and gas companies to bulldoze ahead with their expansion plans. This makes a mockery of your own commitments. In 2023, ANZ was the worst culprit of the Australian banks, committing a whopping $2.6 billion in loans, bonds and other finance to coal, oil and gas companies. ANZ has blown past $35 billion in finance to fossil fuels since the Paris Agreement was signed in 2016. Worst of all is the over $12 billion ANZ has loaned to new and expanded coal, oil and gas projects and the companies pursuing them since 2016. Just last year ANZ loaned over $900 million to companies with plans to expand fossil fuels, and arranged an almost equivalent amount to these expansion companies through the bond market. ANZ has a long list of clients currently pursuing expansionary coal, oil and gas projects including JERA, APA Group, Santos, Glencore, BHP, Baker Hughes, Siemens Energy, San Miguel Corporation, GE Vernova and Woodside. These examples are just some of many. It is beyond comprehension that your climate policy gives climate destroying coal, oil and gas expansion companies a free pass until at least October 2025 when the world's leading experts have already made clear that we have no room for new or expanded fossil fuel developments. Even then, your clients are not expected to reduce scope 3 emissions, by far the biggest source of emissions for most fossil fuel companies, making a mockery of transition plans. When it comes to action on climate change, you are the clear laggard among your peers. However, ANZ still has a chance to prevent even further damage from being inflicted on people and the planet. ANZ can implement policies today that would put an end to this rampant financing of climate-destroying fossil fuel expansion. I sincerely request that you implement a framework for ensuring all fossil fuel finance decisions ANZ makes are aligned with a 1.5°C-warming pathway. This must: - rule out direct finance to any fossil fuel expansion project, and - rule out all types of finance (project finance, corporate finance and facilitating bonds) to any company pursuing fossil fuel expansion plans. On behalf of your customers and all Australians who care about a safe future for our communities and our families, I sincerely urge you to adopt these requests. Your consideration and response to this matter are highly appreciated. Sincerely,This field is hidden when viewing the formANZ - not a customerSubject*Your message to ANZDear ANZ, It is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have continued to provide billions to companies expanding coal, oil and gas. The IPCC has concluded that new and expanded fossil fuel projects must not proceed if we are to meet global climate goals, yet your bank continues to enable coal, oil and gas companies to bulldoze ahead with their expansion plans. This makes a mockery of your own commitments. In 2023, ANZ was the worst culprit of the Australian banks, committing a whopping $2.6 billion in loans, bonds and other finance to coal, oil and gas companies. ANZ has blown past $35 billion in finance to fossil fuels since the Paris Agreement was signed in 2016. Worst of all is the over $12 billion ANZ has loaned to new and expanded coal, oil and gas projects and the companies pursuing them since 2016. Just last year ANZ loaned over $900 million to companies with plans to expand fossil fuels, and arranged an almost equivalent amount to these expansion companies through the bond market. ANZ has a long list of clients currently pursuing expansionary coal, oil and gas projects including JERA, APA Group, Santos, Glencore, BHP, Baker Hughes, Siemens Energy, San Miguel Corporation, GE Vernova and Woodside. These examples are just some of many. It is beyond comprehension that your climate policy gives climate destroying coal, oil and gas expansion companies a free pass until at least October 2025 when the world's leading experts have already made clear that we have no room for new or expanded fossil fuel developments. Even then, your clients are not expected to reduce scope 3 emissions, by far the biggest source of emissions for most fossil fuel companies, making a mockery of transition plans. When it comes to action on climate change, you are the clear laggard among your peers. However, ANZ still has a chance to prevent even further damage from being inflicted on people and the planet. ANZ can implement policies today that would put an end to this rampant financing of climate-destroying fossil fuel expansion. I sincerely request that you implement a framework for ensuring all fossil fuel finance decisions ANZ makes are aligned with a 1.5°C-warming pathway. This must: - rule out direct finance to any fossil fuel expansion project, and - rule out all types of finance (project finance, corporate finance and facilitating bonds) to any company pursuing fossil fuel expansion plans. On behalf of all Australians who care about a safe future for our communities and our families, I sincerely urge you to adopt these requests. Your consideration and response to this matter are highly appreciated. Sincerely,This field is hidden when viewing the formCommBank customerSubject*Your message to CommBankDear Commonwealth Bank, I write to you today as a concerned customer. It is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you continue to finance companies with dangerous coal, oil and gas expansion plans. Since 2016, Commonwealth Bank has committed the second most in loans, bonds and other finance to fossil fuels of Australia's big four banks - a whopping $23.9 billion. However, I was encouraged to see that, after a long history of pouring billions of dollars into fossil fuels and enabling billions of tonnes of emissions through your financing in the years following the Paris Agreement, you have consistently reduced overall fossil fuel lending in 2022 and 2023. I also understand that as of 2024, you have committed to no longer finance oil and gas producers that don't have Paris-aligned transition plans. This is a positive step towards living up to your climate commitments. Despite that, I understand that in 2023 Commonwealth Bank loaned $50 million to APA Group which does not need to be repaid in full until 2033, during which time APA threatens to unleash massive climate pollution from the Beetaloo Sub-basin. Estimated end-user emissions from the development of Beetaloo gas are 1.1 billion tonnes of CO2-e, almost 2.5 times Australia's entire annual emissions. Traditional Owners including the Nurrdalinji Aboriginal Corporation, as well as local farmers and landholders, have voiced vehement opposition to the Beetaloo fracking plans, including raising concerns about risks to groundwater in the Cambrian Limestone Aquifer, which sustains local livelihoods and ecosystems. Companies involved in the extraction of gas in the Beetaloo Sub-basin would be ineligible for finance under CommBank's current climate policy. Yet, inexplicably, the company developing the pipeline infrastructure required to transport the gas is. This must be rectified. Commonwealth Bank also retains $1 billion in exposure to the thermal coal sector, including coal giant Glencore. The company is pursuing an extension for the Hunter Valley Continued Operations project, which is the largest coal mining proposal ever put forward in New South Wales. The proposed continuation of the mine would see mining continue until 2050, with emissions estimates of up to 1.2 billion tonnes of CO2-e, more than 2.5 times Australia's current annual emissions. At a 2024 Australian Senate Inquiry into Greenwashing, a representative of Glencore openly admitted that “we do not make any claim to be aligned with the Paris Agreement”. Given this admission, it's startling that Commonwealth Bank's current policy has no requirements for thermal coal mining companies to have Paris-aligned transition plans to keep receiving finance. This means the bank could continue to fund Glencore until 2030, and enable it to kick start its massive coal extension in the Hunter Valley. These examples show Commonwealth Bank's climate policy is still not consistent with your commitments to the climate goals of the Paris Agreement and net zero emissions by 2050. I know that you will be releasing a new climate policy in August this year. I am calling on you to finally live up to your climate commitments and ensure all fossil fuel decisions Commonwealth Bank makes are aligned with a 1.5°C-warming pathway. Your new policy must: - rule out direct finance to any fossil fuel expansion project, and - rule out all types of finance (project finance, corporate finance and facilitating bonds) to any company pursuing fossil fuel expansion plans. On behalf of all your customers and all Australians who care about a safe future for our communities and our families, I sincerely urge you to adopt these requests. Your consideration and response to this matter are highly appreciated. Sincerely,This field is hidden when viewing the formCommBank - not a customerSubject*Your message to CommBankDear Commonwealth Bank, It is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you continue to finance companies with dangerous coal, oil and gas expansion plans. Since 2016, Commonwealth Bank has committed the second most in loans, bonds and other finance to fossil fuels of Australia's big four banks - a whopping $23.9 billion. However, I was encouraged to see that, after a long history of pouring billions of dollars into fossil fuels and enabling billions of tonnes of emissions through your financing in the years following the Paris Agreement, you have consistently reduced overall fossil fuel lending in 2022 and 2023. I also understand that as of 2024, you have committed to no longer finance oil and gas producers that don't have Paris-aligned transition plans. This is a positive step towards living up to your climate commitments. Despite that, I understand that in 2023 Commonwealth Bank loaned $50 million to APA Group which does not need to be repaid in full until 2033, during which time APA threatens to unleash massive climate pollution from the Beetaloo Sub-basin. Estimated end-user emissions from the development of Beetaloo gas are 1.1 billion tonnes of CO2-e, almost 2.5 times Australia's entire annual emissions. Traditional Owners including the Nurrdalinji Aboriginal Corporation, as well as local farmers and landholders, have voiced vehement opposition to the Beetaloo fracking plans, including raising concerns about risks to groundwater in the Cambrian Limestone Aquifer, which sustains local livelihoods and ecosystems. Companies involved in the extraction of gas in the Beetaloo Sub-basin would be ineligible for finance under CommBank's current climate policy. Yet, inexplicably, the company developing the pipeline infrastructure required to transport the gas is. This must be rectified. Commonwealth Bank also retains $1 billion in exposure to the thermal coal sector, including coal giant Glencore. The company is pursuing an extension for the Hunter Valley Continued Operations project, which is the largest coal mining proposal ever put forward in New South Wales. The proposed continuation of the mine would see mining continue until 2050, with emissions estimates of up to 1.2 billion tonnes of CO2-e, more than 2.5 times Australia's current annual emissions. At a 2024 Australian Senate Inquiry into Greenwashing, a representative of Glencore openly admitted that “we do not make any claim to be aligned with the Paris Agreement”. Given this admission, it's startling that Commonwealth Bank's current policy has no requirements for thermal coal mining companies to have Paris-aligned transition plans to keep receiving finance. This means the bank could continue to fund Glencore until 2030, and enable it to kick start its massive coal extension in the Hunter Valley. These examples show Commonwealth Bank's climate policy is still not consistent with your commitments to the climate goals of the Paris Agreement and net zero emissions by 2050. I know that you will be releasing a new climate policy in August this year. I am calling on you to finally live up to your climate commitments and ensure all fossil fuel decisions Commonwealth Bank makes are aligned with a 1.5°C-warming pathway. Your new policy must: - rule out direct finance to any fossil fuel expansion project, and - rule out all types of finance (project finance, corporate finance and facilitating bonds) to any company pursuing fossil fuel expansion plans. On behalf of all Australians who care about a safe future for our communities and our families, I sincerely urge you to adopt these requests. Your consideration and response to this matter are highly appreciated. Sincerely,This field is hidden when viewing the formMacquarie customerSubject*Your message to MacquarieDear Macquarie, I write to you today as a concerned customer. It is appalling that as a signatory of the UN-convened Net Zero Banking Alliance you continue to finance the expansion of fossil fuels, and have demonstrated an appetite for increasing your fossil fuel lending. Macquarie's lending to coal, oil and gas jumped from $257.7 million to $1.3 billion between 2022 and 2023, a whopping 405% increase which is totally at odds with the goals of the NZBA. Macquarie lags behind its major Australian banking peers when it comes to its oil and gas finance policy. Macquarie is the only major Australian bank which does not have any restrictions on directly financing new oil and gas fields, a practice which ANZ, Commonwealth Bank, NAB and Westpac have all excluded in recent years. In late 2024, Macquarie arranged a $65 million financing package for Empire Energy's pilot project in Australia's biggest proposed gas development, the Beetaloo Sub-basin. The ramifications of this decision could be disastrous for our climate and undermine our chances of achieving the goal of the Paris Agreement and limiting global warming to 1.5°C. Based on projections of gas resources in the Beetaloo Sub-basin, this carbon bomb could release an estimated 1.1 billion tonnes of CO2-e over its lifetime. This would be equivalent to Australia's largest coal-fired power station, Eraring, operating for another 83 years. It would also be enough to wipe out 457 years of emissions savings from the renewables projects Macquarie provided green finance for last year. The gas reserves in the Beetaloo Sub-basin are still considered highly prospective, but by supporting this pilot project Macquarie is actively contributing to turning this project from a proposal into one of Australia's biggest carbon bombs. As a signatory of the NZBA, like Australia's big four banks, Macquarie has committed to transitioning its lending and investment portfolios to align with net zero emissions by 2050 and a 1.5°C warming pathway. It is beyond comprehension that Macquarie could have concluded that supporting a project like the Beetaloo Sub-basin is consistent with this commitment. The IPCC has concluded that any more fossil fuel developments will overshoot 1.5°C, while the International Energy Agency has concluded that gas production must be halved by 2035 to have a 50% chance of achieving a 1.5°C pathway. This example is just one of many. According to analysis by German research and advocacy institute, Urgewald e.V., the growth plans of many of Macquarie's oil and gas clients' will significantly overshoot the 1.5°C warming pathway (clients like Strike Energy, Harbour Energy, Southwestern Energy, Empire Energy, Occidental Petroleum and Jadestone Energy). Beyond that, many of Macquarie's clients continue to spend significant amounts of capital, not just on new or expanded projects, but on exploring for even more untapped oil and gas resources, clearly demonstrating they have no intention of transitioning away from fossil fuels. All of these activities are propped up by Macquarie's finance, completely undermining its climate commitments. Macquarie is the only major Australian bank with no exclusions on direct financing for new and expanded oil and gas projects. Macquarie is also the only major Australian bank to not require transition plans from its oil and gas clients as a condition for new financing, raising questions about how it can adequately assess its oil and gas portfolio for alignment with its commitments to a 1.5°C pathway. I sincerely request that you implement a policy framework to ensure all of Macquarie's fossil fuel finance decisions are aligned with a 1.5°C-warming pathway. This policy must: - rule out direct finance to any fossil fuel expansion project, and - rule out all types of finance (project finance, corporate finance and facilitating bonds) to any company pursuing fossil fuel expansion plans. On behalf of all your customers and all Australians who care about a safe future for our communities and our families, I sincerely urge you to adopt these requests. Your consideration and response to this matter are highly appreciated. Sincerely, This field is hidden when viewing the formMacquarie - not a customerSubject*Your message to MacquarieDear Macquarie, It is appalling that as a signatory of the UN-convened Net Zero Banking Alliance you continue to finance the expansion of fossil fuels, and have demonstrated an appetite for increasing your fossil fuel lending. Macquarie's lending to coal, oil and gas jumped from $257.7 million to $1.3 billion between 2022 and 2023, a whopping 405% increase which is totally at odds with the goals of the NZBA. Macquarie lags behind its major Australian banking peers when it comes to its oil and gas finance policy. Macquarie is the only major Australian bank which does not have any restrictions on directly financing new oil and gas fields, a practice which ANZ, Commonwealth Bank, NAB and Westpac have all excluded in recent years. In late 2024, Macquarie arranged a $65 million financing package for Empire Energy's pilot project in Australia's biggest proposed gas development, the Beetaloo Sub-basin. The ramifications of this decision could be disastrous for our climate and undermine our chances of achieving the goal of the Paris Agreement and limiting global warming to 1.5°C. Based on projections of gas resources in the Beetaloo Sub-basin, this carbon bomb could release an estimated 1.1 billion tonnes of CO2-e over its lifetime. This would be equivalent to Australia's largest coal-fired power station, Eraring, operating for another 83 years. It would also be enough to wipe out 457 years of emissions savings from the renewables projects Macquarie provided green finance for last year. The gas reserves in the Beetaloo Sub-basin are still considered highly prospective, but by supporting this pilot project Macquarie is actively contributing to turning this project from a proposal into one of Australia's biggest carbon bombs. As a signatory of the NZBA, like Australia's big four banks, Macquarie has committed to transitioning its lending and investment portfolios to align with net zero emissions by 2050 and a 1.5°C warming pathway. It is beyond comprehension that Macquarie could have concluded that supporting a project like the Beetaloo Sub-basin is consistent with this commitment. The IPCC has concluded that any more fossil fuel developments will overshoot 1.5°C, while the International Energy Agency has concluded that gas production must be halved by 2035 to have a 50% chance of achieving a 1.5°C pathway. This example is just one of many. According to analysis by German research and advocacy institute, Urgewald e.V., the growth plans of many of Macquarie's oil and gas clients' will significantly overshoot the 1.5°C warming pathway (clients like Strike Energy, Harbour Energy, Southwestern Energy, Empire Energy, Occidental Petroleum and Jadestone Energy). Beyond that, many of Macquarie's clients continue to spend significant amounts of capital, not just on new or expanded projects, but on exploring for even more untapped oil and gas resources, clearly demonstrating they have no intention of transitioning away from fossil fuels. All of these activities are propped up by Macquarie's finance, completely undermining its climate commitments. Macquarie is the only major Australian bank with no exclusions on direct financing for new and expanded oil and gas projects. Macquarie is also the only major Australian bank to not require transition plans from its oil and gas clients as a condition for new financing, raising questions about how it can adequately assess its oil and gas portfolio for alignment with its commitments to a 1.5°C pathway. I sincerely request that you implement a policy framework to ensure all of Macquarie's fossil fuel finance decisions are aligned with a 1.5°C-warming pathway. This policy must: - rule out direct finance to any fossil fuel expansion project, and - rule out all types of finance (project finance, corporate finance and facilitating bonds) to any company pursuing fossil fuel expansion plans. On behalf of all Australians who care about a safe future for our communities and our families, I sincerely urge you to adopt these requests. Your consideration and response to this matter are highly appreciated. Sincerely,This field is hidden when viewing the formNAB customerSubject*Your message to NABDear NAB, I write to you as a concerned customer. It is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have continued to provide billions to companies expanding coal, oil and gas. In 2023, NAB was Australia's second biggest financier of fossil fuels, committing $2.4 billion in loans, bonds and other finance. This includes $859 million in loans to companies with coal, oil and gas expansion plans. Between 2016 and 2023, NAB committed a whopping $23.2 billion to the fossil fuel industry. Worst of all, $7.6 billion of this involved loans to new and expanded fossil fuel projects and the companies pursuing them. However, I was encouraged to see that after a long history of pouring billions of dollars into fossil fuels and enabling billions of tonnes of emissions through your financing, you have started to take actions to address the glaring inconsistencies between your climate commitments and your financing decisions. I understand that at your 2024 AGM you indicated to shareholders that upstream fossil fuel companies expanding their production will be ineligible for finance from NAB beyond October 2025. This is encouraging and a genuinely positive step towards NAB living up to its commitment to the goals of the Paris Agreement. However, October 2025 leaves NAB with several months to continue to loan or arrange more money for fossil fuel companies that plan to lock in large fossil fuel expansion projects the planet cannot afford. In recent years we have seen major international banks, including NAB, take part in the issuance of long-life loans and bonds for expansionary fossil fuel companies. This effectively gives companies that have no genuine plans to transition to net-zero access to the debt required for their expensive expansion plans. The deals NAB chooses to take part in now will have run-on effects for decades. It's crucial that fossil fuel companies with expansion plans are not financially enabled by major banks, and that finance is directed towards a rapid and just clean-energy transition that will bolster our chances of limiting global warming to 1.5°C and preserving a liveable planet for future generations. NAB has clearly outlined that it will cease its support for fossil fuel extraction companies with large-scale expansion plans. However, NAB has fossil fuel clients that are exempt from its current requirements to have Paris-aligned transition plans, particularly in the fossil fuel infrastructure sector. The most prominent example of these clients is APA Group, a pipeline company with plans to develop large-scale pipelines for Australia's biggest proposed gas development, the Beetaloo Sub-basin. Companies involved in the extraction of gas in the Beetaloo Sub-basin would be ineligible for finance under NAB's current framework. Yet, inexplicably, the company developing the pipeline infrastructure required to transport the gas is. This must be rectified. NAB has made significant progress on fossil fuel finance policy, particularly in the last year. In the spirit of recent progress, I urge NAB to: - rule out direct finance to any fossil fuel expansion project, and - rule out all types of finance (project finance, corporate finance and facilitating bonds) to any company pursuing fossil fuel expansion plans. On behalf of your customers and all Australians who care about a safe future for our communities and our families, I sincerely urge you to adopt these requests. Your consideration and response to this matter are highly appreciated. Sincerely,This field is hidden when viewing the formNAB - not a customerSubject*Your message to NABDear NAB, It is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have continued to provide billions to companies expanding coal, oil and gas. In 2023, NAB was Australia's second biggest financier of fossil fuels, committing $2.4 billion in loans, bonds and other finance. This includes $859 million in loans to companies with coal, oil and gas expansion plans. Between 2016 and 2023, NAB committed a whopping $23.2 billion to the fossil fuel industry. Worst of all, $7.6 billion of this involved loans to new and expanded fossil fuel projects and the companies pursuing them. However, I was encouraged to see that after a long history of pouring billions of dollars into fossil fuels and enabling billions of tonnes of emissions through your financing, you have started to take actions to address the glaring inconsistencies between your climate commitments and your financing decisions. I understand that at your 2024 AGM you indicated to shareholders that upstream fossil fuel companies expanding their production will be ineligible for finance from NAB beyond October 2025. This is encouraging and a genuinely positive step towards NAB living up to its commitment to the goals of the Paris Agreement. However, October 2025 leaves NAB with several months to continue to loan or arrange more money for fossil fuel companies that plan to lock in large fossil fuel expansion projects the planet cannot afford. In recent years we have seen major international banks, including NAB, take part in the issuance of long-life loans and bonds for expansionary fossil fuel companies. This effectively gives companies that have no genuine plans to transition to net-zero access to the debt required for their expensive expansion plans. The deals NAB chooses to take part in now will have run-on effects for decades. It's crucial that fossil fuel companies with expansion plans are not financially enabled by major banks, and that finance is directed towards a rapid and just clean-energy transition that will bolster our chances of limiting global warming to 1.5°C and preserving a liveable planet for future generations. NAB has clearly outlined that it will cease its support for fossil fuel extraction companies with large-scale expansion plans. However, NAB has fossil fuel clients that are exempt from its current requirements to have Paris-aligned transition plans, particularly in the fossil fuel infrastructure sector. The most prominent example of these clients is APA Group, a pipeline company with plans to develop large-scale pipelines for Australia's biggest proposed gas development, the Beetaloo Sub-basin. Companies involved in the extraction of gas in the Beetaloo Sub-basin would be ineligible for finance under NAB's current framework. Yet, inexplicably, the company developing the pipeline infrastructure required to transport the gas is. This must be rectified. NAB has made significant progress on fossil fuel finance policy, particularly in the last year. In the spirit of recent progress, I urge NAB to: - rule out direct finance to any fossil fuel expansion project, and - rule out all types of finance (project finance, corporate finance and facilitating bonds) to any company pursuing fossil fuel expansion plans. On behalf of all Australians who care about a safe future for our communities and our families, I sincerely urge you to adopt these requests. Your consideration and response to this matter are highly appreciated. Sincerely,This field is hidden when viewing the formWestpac customerSubject*Your message to WestpacDear Westpac, I write to you today as a concerned customer. It is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have continued to commit billions in finance to companies expanding coal, oil and gas. Between 2016 and 2023, Westpac committed a whopping $14.9 billion to fossil fuels, including loans, bonds and other finance. What is most concerning is the companies and projects this lending is going to. In just the last few years, Westpac has demonstrated a clear propensity for funding companies with some of the biggest coal, oil and gas expansion plans in the world. Between 2021-2023 Westpac loaned $1.8 billion to new and expanded coal, oil and gas projects and the companies developing them, with loans totalling $533 million in 2023 alone. I was particularly shocked to learn that Westpac is funding companies and projects responsible for part of a massive planned gas buildout across Asia. 63% of the world's proposed new gas power is in Asia. Despite opposition from local communities, the fossil fuel industry is pushing costly and climate destroying projects in this region, and it's being enabled by Westpac. This includes funding for: - Global Infrastructure Partners, in a loan that enabled Woodside to proceed with the climate-wrecking Scarborough/Pluto 2 gas project. Conservative estimates put the emissions from this project at 637 million tonnes of CO2 equivalent, with independent analysis concluding the project “represents a bet against the world implementing the Paris Agreement”. - Santos, which plans to increase production 16% between 2022 and 2028, while the latest International Energy Agency Net-Zero by 2050 Scenario projects global oil and gas production must fall 19% by the end of this decade. - Woodside, which plans to increase oil and gas production by 24% by 2028 from 2022 levels with new projects coming online. Woodside has five planned new or expanded oil and gas projects in the pipeline. - GE Vernova, a company involved in a staggering 25GW of new LNG to power projects in Bangladesh and Vietnam. In the Chattogram region of Bangladesh alone, gas or LNG projects with GE involvement would add approximately 430 million tonnes of carbon dioxide equivalent (CO2-e) to the atmosphere throughout the plants' operational lives, over four times the country's total emissions in 2022. - APA Group, a company planning to construct several pipelines to support extensive fracking in the Beetaloo Basin, one of the biggest proposed gas projects in Australia's history, with estimated end-user emissions of 1.1 billion tonnes of carbon dioxide equivalent (CO2-e), almost 2.5 times Australia's annual emissions. Most of the gas is destined for export. - JERA, a major player in the Japan-led fossil gas expansion in Asia, pursuing five new LNG to power projects in Bangladesh and Vietnam with nameplate capacity of 11.6GW - effectively trying to lock these countries into dirty and expensive fossil fuels instead of renewable energy. This kind of financing activity calls into question not only Westpac's commitments, but the kind of world and economies Westpac wants to be shaping. These companies are demonstrating their intention to ensure that the 'Asian growth market' is locked into dependence on outdated and harmful technologies instead of developing clean, renewable energy, and Westpac is bankrolling it. I am calling on you to finally live up to your climate commitments and ensure all fossil fuel decisions Westpac makes are aligned with a 1.5°C-warming pathway. I urge you to: - rule out direct finance to any fossil fuel expansion project, and - rule out all types of finance (project finance, corporate finance and facilitating bonds) to any company pursuing fossil fuel expansion plans. On behalf of all your customers and all Australians who care about a safe future for our communities and our families, I sincerely urge you to adopt these requests. Your consideration and response to this matter are highly appreciated. Sincerely,This field is hidden when viewing the formWestpac - not a customerSubject*Your message to WestpacDear Westpac, It is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have continued to commit billions in finance to companies expanding coal, oil and gas. Between 2016 and 2023, Westpac committed a whopping $14.9 billion to fossil fuels, including loans, bonds and other finance. What is most concerning is the companies and projects this lending is going to. In just the last few years, Westpac has demonstrated a clear propensity for funding companies with some of the biggest coal, oil and gas expansion plans in the world. Between 2021-2023 Westpac loaned $1.8 billion to new and expanded coal, oil and gas projects and the companies developing them, with loans totalling $533 million in 2023 alone. I was particularly shocked to learn that Westpac is funding companies and projects responsible for part of a massive planned gas buildout across Asia. 63% of the world's proposed new gas power is in Asia. Despite opposition from local communities, the fossil fuel industry is pushing costly and climate destroying projects in this region, and it's being enabled by Westpac. This includes funding for: - Global Infrastructure Partners, in a loan that enabled Woodside to proceed with the climate-wrecking Scarborough/Pluto 2 gas project. Conservative estimates put the emissions from this project at 637 million tonnes of CO2 equivalent, with independent analysis concluding the project “represents a bet against the world implementing the Paris Agreement”. - Santos, which plans to increase production 16% between 2022 and 2028, while the latest International Energy Agency Net-Zero by 2050 Scenario projects global oil and gas production must fall 19% by the end of this decade. - Woodside, which plans to increase oil and gas production by 24% by 2028 from 2022 levels with new projects coming online. Woodside has five planned new or expanded oil and gas projects in the pipeline. - GE Vernova, a company involved in a staggering 25GW of new LNG to power projects in Bangladesh and Vietnam. In the Chattogram region of Bangladesh alone, gas or LNG projects with GE involvement would add approximately 430 million tonnes of carbon dioxide equivalent (CO2-e) to the atmosphere throughout the plants' operational lives, over four times the country's total emissions in 2022. - APA Group, a company planning to construct several pipelines to support extensive fracking in the Beetaloo Basin, one of the biggest proposed gas projects in Australia's history, with estimated end-user emissions of 1.1 billion tonnes of carbon dioxide equivalent (CO2-e), almost 2.5 times Australia's annual emissions. Most of the gas is destined for export. - JERA, a major player in the Japan-led fossil gas expansion in Asia, pursuing five new LNG to power projects in Bangladesh and Vietnam with nameplate capacity of 11.6GW - effectively trying to lock these countries into dirty and expensive fossil fuels instead of renewable energy. This kind of financing activity calls into question not only Westpac's commitments, but the kind of world and economies Westpac wants to be shaping. These companies are demonstrating their intention to ensure that the 'Asian growth market' is locked into dependence on outdated and harmful technologies instead of developing clean, renewable energy, and Westpac is bankrolling it. I am calling on you to finally live up to your climate commitments and ensure all fossil fuel decisions Westpac makes are aligned with a 1.5°C-warming pathway. I urge you to: - rule out direct finance to any fossil fuel expansion project, and - rule out all types of finance (project finance, corporate finance and facilitating bonds) to any company pursuing fossil fuel expansion plans. On behalf of all Australians who care about a safe future for our communities and our families, I sincerely urge you to adopt these requests. Your consideration and response to this matter are highly appreciated. Sincerely,Yes, I want to hear more from Market Forces about this campaign Yes, I want to hear more from Market Forces about this campaign This field is hidden when viewing the formPASS DATA - MAIN LIST: ANZ customer ANZ customer This field is hidden when viewing the formPASS DATA - MAIN LIST: a CommBank customer a CommBank customer This field is hidden when viewing the formPASS DATA - MAIN LIST: Your bank (personal accounts) -> Macquarie Bank Macquarie Bank This field is hidden when viewing the formPASS DATA - MAIN LIST: NAB customer NAB customer This field is hidden when viewing the formPASS DATA - MAIN LIST: Are you a Westpac customer? a Westpac customer
