Company Profile
Santos
Santos’ climate-wrecking oil and gas expansion plans and the financial institutions backing them
Santos is one of Australia’s largest producers of oil and gas, and is pursuing massive expansion plans consistent with the failure of the Paris Agreement. The company is currently building the Barossa gas project off the coast of the Tiwi Islands and is seeking to build the Narrabri gas project in New South Wales.
The projects that Santos is trying to pursue include:
The Barossa gas project: off the coast of the Northern Territory the Barossa gas project is in the water north of Tiwi. In April 2023, a group of Tiwi and Larrakia Traditional Owners filed a human rights complaint against the banks that lent to Santos, saying their human rights had been breached.
The Narrabri gas project: Santos plans to drill 850 gas wells throughout the Pilliga Forest in NSW despite years of opposition from Gomeroi Traditional Owners and farmers.
The Dorado oil and gas project: off the coast of Western Australia Santos announced this is Australia’s second largest oil reserve despite the clear science confirming it is out of line with the Paris agreement.
Papua LNG project: located in Papua New Guinea many organisations have raised the serious human rights and biodiversity risks associated with the project.
Will you email the banks calling on them to stop supporting Santos and its destructive projects?
Take Action
ANZ, NAB and Westpac have broken their climate promises again, arranging a massive $1.2 billion loan for one of Australia’s worst climate wreckers, Santos.
This is unacceptable. Hold them accountable by taking action now.

Gomeroi Aunties Deborah Briggs, Theresa Roberts, and Donna Kenny at the 2025 Santos AGM
Top 20 financiers (bonds arranged, loans provided) to Santos in 2023 and 2024:

Note: To our knowledge, CommBank has not financed Santos since 2022. CommBank also withdrew from a loan refinancing for Santos in September 2024, and has a policy that effectively renders Santos ineligible for further finance from the bank.
- ANZ
- NAB
- Westpac
In Japan:
- MUFG
- Mizuho
- SMBC
In China:
- Bank of China
- China Construction Bank
- Agricultural Bank of China
- Industrial and Commercial Bank of China (ICBC)
Asia (excluding China and Japan):
- DBS
- UOB
- State Bank of India
In North America:
- Citigroup
- Goldman Sachs
- Royal Bank of Canada
In Europe:
- Deutsche Bank
- ING
- DNB
- Intesa Sanpaolo

Tiwi Traditional Owners Therese Bourke and Pirrawayingi traveled to Japan to call on MUFG, SMBC and Mizuho to cut ties with Santos.
Tell the banks to cut ties with Santos!
Investor briefings
Company | Briefing | Date |
---|---|---|
Santos Limited | Out of line, out of time: Investors must demand more from Santos | March 2025 |
Santos Limited | Human rights and reputational issues with Santos' Barossa project | April 2024 |
Santos Limited | Misguided strategy in the face of transition risks | March 2024 |
Santos news
Gomeroi Traditional Owners vow to continue fighting Santos to protect Country
Santos continued to face heat over its oil and gas expansion plans at its 2025 Annual General Meeting (AGM) at the Adelaide Entertainment Centre. Shareholders were greeted with a protest outside the AGM in support of a safe climate and Gomeroi Traditional Owners, who...
International banks no longer involved with Santos’ Barossa gas project
News just broke that BNP Paribas and The Export-Import Bank of Korea, two major international banks, are no longer involved in the financing of Santos’ Barossa gas project. Tell Australian, Japanese, and other international banks to cut ties with Santos. It was...
ANZ rules out Papua LNG, leaves the door open to fund climate wrecking companies
This week ANZ announced that it would no longer provide direct financing to new or expanded oil and gas fields, new liquefied natural gas (LNG) export plants, and won’t bank any oil and gas company not already on their books. The announcement means that all big four...
Super funds are (so far) failing to vote for greater climate action this year
Some super funds have started disclosing how they voted at Santos’ annual general meeting (AGM) last week. The bad news is that several of these funds are wallowing in greenwash and failing to increase pressure on Santos to end its climate-wrecking oil and gas growth...
Cover image credit: Jeremy Buckingham
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