Spread the word about NAB’s dirty fossil fuel funding

NAB Logo

17 December 2021 NAB shareholders are today gathering at the company’s virtual annual general meeting (AGM), where they’ll hold the bank to account for all manner of issues, key among which is NAB’s continued heavy financing for dirty fossil fuels. In fact, Market Forces supported shareholders to lodge a resolution … Read More

Tell NAB: net-zero by 2050 = no new fossil fuels

NAB Logo

17 December 2021 NAB shareholders are today gathering at the company’s virtual annual general meeting (AGM), where they’ll hold the bank to account for all manner of issues, key among which is NAB’s continued heavy financing for dirty fossil fuels. In fact, Market Forces supported shareholders to lodge a resolution … Read More

NAB fails to defend funding for destructive fossil fuel companies

NAB agm 2021

17 December 2021 NAB has been lending heavily for projects and companies expanding the fossil fuel industry. As such, the bank today faced a formal proposal from shareholders telling it to stop funding new coal, oil and gas projects. NAB also faced a bombardment of questions from stakeholders concerned over … Read More

NAB: withdraw investment in the Coastal GasLink pipeline

WetWet'suwet'en solidarity - Coastal GasLink pipeline

Despite its commitments to net-zero by 2050 and the Paris Agreement, NAB has continued pumping hundreds of millions of dollars into projects that expand the fossil fuel industry and the companies pursuing them. Last year, it loaned CA$117.5 million to the 670km climate-wrecking Coastal Gaslink pipeline in Canada. Based on … Read More

New Hope Corporation doubles down on coal during farcical 2021 AGM

New Hope Group's Bengalla coal mine, 2014.

19 November 2021 Coal miner New Hope Corporation’s 2021 AGM descended into farce yesterday, with technology issues compounding upon the company’s evasive approach to shareholder accountability.  Despite this, New Hope’s board still found time to double-down on its commitment to climate-wrecking coal, admitting New Hope intends to continue deriving around … Read More

NAB arranging funds for Origin Energy despite new climate policy

15 November 2021 Just days after releasing a new “transition-focused” oil and gas policy, it has been revealed that NAB is co-arranging a A$2.4 billion loan for Origin Energy. Origin Energy is pursuing gas drilling in the Beetaloo Basin, which would emit up to 1.35 billion tonnes of CO2-e over … Read More

NAB and Westpac: Stop funding Whitehaven Coal!

NAB & Westpac- Stop Funding Whitehaven's Dirty Coal

15 September 2021 The federal Environment Minister has just signed-off approval for Whitehaven’s climate-wrecking Vickery coal mine. But Whitehaven still needs to find enough money to match the mine’s $600 million price-tag. Despite stating their support for the Paris Agreement, NAB and Westpac loaned a combined $220 million to Whitehaven … Read More