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News
Australian banks help release another 3 billion tonnes of carbon emissions
9 September 2016 Since late 2015, when Australia's major banks committed to support the goal of holding global warming to below two degrees, they have contributed to deals for new fossil fuel projects capable of adding 3 billion tonnes of CO2 to the atmosphere. A new...
Are Santos playing hopenomics with their oil price projections?
30 August 2016 Australian oil and gas giant Santos has been using forward price estimates that are significantly higher than other industry players and reputable brokers. With the likes of Deutsche Bank, Goldman Sachs and Santos' own industry consultants Wood...
IAG Commits To 2 Degrees
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Ten dodgy fossil fuel deals hurting the banks
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Media Release: Australian banks break climate promise, pouring billions into fossil fuels
Melbourne, 4 August 2016 Australia’s major banks have made a mockery of their ‘two degree’ commitments by pouring AU $5.6 billion into the expansion of the fossil fuel industry in the months since the December 2015 Paris climate change agreement. New research released...
Banks fail 2ºC climate test, pour $5.6b into fossil fuels
3 August 2016 Australia's big four banks have made a mockery of their ‘two degree’ commitments, pouring $5.6 billion into the fossil fuel sector since the December 2015 Paris climate change agreement. Our latest research shows the banks' have failed to come anywhere...
Climate change denial goes mainstream at Macquarie AGM
28 July 2016 “There are two sides to this debate.” These were the remarks of the Macquarie Group Chairman Peter Warne, after their AGM descended into somewhat of a farce earlier today, as shareholders asked tough questions of a bank that is fast becoming a significant...
NAB chalks first stranded coal power plant
9 July 2016 The Callide C coal-fired power station in Central Queensland has gone into receivership after failing to make a $50 million payment on its debt which expired last month. Several news sources, including the Australian Financial Review, are reporting the...
Renewables lending plummets as Katter calls for coal funding
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