by Kyle Robertson | Nov 10, 2023 | Banks, Blog, Divestment, Feature, Fossil Fuels, News, Santos
10 November 2023 Yesterday NAB announced that from 1 October 2025 it will require the majority of fossil fuel companies to have Paris-aligned transition plans in place in order to provide additional lending. From that deadline, to get a corporate or project...
by Kyle Robertson | Nov 8, 2023 | Banks, Blog, Divestment, Feature, Fossil Fuels, News, Santos, Woodside
8 November 2023 This week Westpac announced a host of new project finance restrictions for new and expanded fossil fuel projects, but also walked back a key policy that restricts finance to the companies developing them. In a disappointing regression on its...
by Kyle Robertson | Apr 5, 2023 | Actions, Banks, Blog, Feature, Fossil Fuels, Gas, Get involved, News, Santos
5 April 2023 Tiwi Islands and Larrakia Traditional Owners have lodged formal complaints alleging the big four Australian banks – ANZ, Commonwealth Bank, NAB and Westpac – and a host of international financiers breached their human rights commitments by...
by msurowiec | Dec 14, 2022 | Actions, Banks, Blog, Feature, Fossil Fuels, Gas, News, Santos, Shareholder action at AGMs, Whitehaven Coal, Woodside
14 December 2022 Over 10% of Westpac’s shareholders defied the board to support a formal proposal calling on the bank to demonstrate how its funding won’t be used for new fossil fuel projects at today’s annual general meeting (AGM) in Melbourne. The bank...
by Matt Tomkins | Nov 8, 2022 | Banks, Blog, Feature, News, Woodside
Westpac, which has committed to net-zero emissions by 2050 and the goals of the Paris Agreement, revealed an 11% increase in FY22 of its overall exposure to fossil fuels, with the increases attributed to customers in the coal rail transportation, LNG terminal, and oil...
