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Australian banks help release another 3 billion tonnes of carbon emissions
9 September 2016 Since late 2015, when Australia's major banks committed to support the goal of holding global warming to below two degrees, they have contributed to deals for new fossil fuel projects capable of adding 3 billion tonnes of CO2 to the atmosphere. A new...
Media Release: Australian banks break climate promise, pouring billions into fossil fuels
Melbourne, 4 August 2016 Australia’s major banks have made a mockery of their ‘two degree’ commitments by pouring AU $5.6 billion into the expansion of the fossil fuel industry in the months since the December 2015 Paris climate change agreement. New research released...
Media comments: Turnbull Government putting economy, environment at risk with Abbot Point approval
22 December 2015 In response to the news that Environment Minister Greg Hunt has approved the expansion of the Abbot Point coal export terminal, Market Forces Executive Director Julien Vincent said: "It's pretty clear that the Australian Government is prepared to take...
Westpac commits to action for “below 2 degrees”
11 December 2015 Westpac has today made a commitment to operate in line with an economy that limits global warming to below two degrees! CEO Brian Hartzer said to hundreds of shareholders in Sydney: Westpac is committed to operating, both directly and indirectly, in a...
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...
How does Westpac measure up on climate?
2 December 2015 We're in a time of year usually defined by the United Nations climate change negotiations, currently underway in Paris. But we're also in the middle of annual general meeting (AGM) season for Australia's big banks, and a parade of glossy brochures and...