Civil society to banks: get off fossil fuels!

15 September 2016 Over 100 civil society organisations and prominent Australians have signed an open letter, published today, that calls on Australia’s major banks to live up to their climate change commitments. The letter, signed by environmental and faith-based groups, unions, artists, writers, academics, health professionals, climate change scientists and … 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

Renewables lending plummets as Katter calls for coal funding

4 July 2016 On the same day that Bob Katter demands public money be sunk into the proposed Galilee Basin coal export projects we find that, as of late June 2016, the big four banks’ lending to renewable energy is near record lows. If we had a dollar for every #renewableenergy … Read More

Commbank’s climate credentials don’t make it through Paris

7 December 2015 Well that was short lived! A month ago we were celebrating Commonwealth Bank’s new Group Environment Policy committing the bank to the goal of limiting global warming to less than two degrees. For a moment, it looked like Commbank really got the issue of climate change and were even sticking their necks out … Read More

Making your finances fossil free

4 June 2014 Are your personal finances helping to damage the climate? Chances are they are, without you even knowing it. Do you have a bank deposit? Are you a member of a super fund? Do you own shares? If so, your money is probably being used to finance the … Read More

Making your finances fossil free

On 29 May and 3 June 2014, Market Forces, in conjunction with 350.org and the Australia Institute, ran forums in Sydney and Melbourne to release a new report examining how individuals can make their personal finances fossil free. A summary of the report’s main findings can be found on the … Read More

Why Josh left Commbank: fossil fuels

Letter from Josh Wyndham-Kidd to Commonwealth Bank: I am writing to let you know why I decided to close my account with the Commonwealth. I have been with your bank since I opened my first Dollarmites savings account in early primary school. I remember the excitement of opening my first … Read More

Lucie’s Commonwealth divestment story

7 December 2013 Back in the autumn of 2013 I got interested in the idea of investment as a way to combat climate change and in August I decided to start my action with my bank: the Commonwealth Bank of Australia. I began by contacting CBA to outline my concerns … Read More