14 September 2020 NAB has announced it will review its policy relating to finance for oil & gas within the next 6-12 months. The bank’s CEO Ross McEwan disclosed NAB’s intentions on Friday afternoon as part of a House of Representatives Economics Committee hearing. Asked whether the bank has banned … Read More
Media release: Fossil fuel lending by Australian banks tops AU$35bn
New Market Forces analysis – Funding Climate Failure Wednesday 8 July, 2020: Despite repeated pledges and policies to the contrary, Australia’s big four banks have once again increased funding to the expansion of the fossil fuel industry over the past year. The figures mean fossil fuel lending has topped $35.5 … Read More
Shareholders fire a shot across NAB’s bow over climate failure
18 December 2019 After record levels of shareholder support for climate risk management resolutions at ANZ and Westpac, it was NAB’s turn today to face the music over its failure to adequately manage climate risk. Since the Paris Agreement was signed in 2015, NAB has continued to lend heavily to … Read More