by msurowiec | Oct 12, 2022 | Banks, Feature, Fossil Fuels, Gas, Research
12 October 2022 Today, Commonwealth Bank faced a formal proposal from shareholders asking it to demonstrate how the company’s financing would not be used for the purposes of new or expanded fossil fuel projects. Despite trying to appear to be acting on climate change,...
by msurowiec | Oct 13, 2021 | Banks, Feature, Fossil Fuels, Gas, Research
13 October 2021 As the International Energy Agency (IEA) prepares to publish the most detailed account of its Net Zero Emissions by 2050 scenario—in which there’s no room for expansion of the fossil fuel industry—Commonwealth Bank’s annual shareholder meeting saw its...
by msurowiec | Aug 11, 2021 | Banks, Feature, Fossil Fuels, Gas, Research
11 August 2021 Despite supporting the Paris Agreement and the goal of net zero by 2050, CommBank’s annual report—released today—watered down an existing (albeit ineffective) barrier to funding expansionary fossil fuel projects, and gave climate-wrecking companies at...
by Jack Bertolus | Aug 12, 2020 | Banks, Coal, Feature, Fossil Fuels, Gas, Research
12 August 2020 Today Commonwealth Bank released its 2020 annual report and revealed the extent to which it’s exposed to fossil fuels and how this has changed over the past year. Although the bank seems to be heading in the right direction with respect to thermal...
by Jack Bertolus | Jul 8, 2020 | Media releases
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...
