Devaluing Australians’ property? CommBank CAN.

9 November 2016 In September, it was reported that a Chinchilla couple were denied a $500,000 bridging loan because their property, which was to be security for the loan, was deemed unacceptable for this purpose. The bank said in an email to the couple that “Long form valuation has revealed 4 coal … Read More

Ten dodgy fossil fuel deals hurting the banks

Published: 9 August 2016 Jump to: #1 Wiggins Island (WICET) #2 Peabody Energy #3 Adani Abbot Point #4 Whitehaven Coal #5 Newcastle Coal Port #6 Dalrymple Bay Coal Port #7 Origin – APLNG #8 Santos – GLNG #9 Aurizon #10 Dodgy deal in the pipeline? And one that’s already gone … Read More

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 close to meeting their commitments to help hold global … Read More