Tuesday 11 February: New Market Forces analysis finds 10 retail banks in Australia committed AU $74.4 billion in finance to fossil fuel companies around the world in 2023. The new report - The Dirty Ten: Banks in Australia still backing fossil fuels - also finds that...
Westpac
Emergency Leaders, shareholders call on big four banks to end finance for new fossil fuels
Friday 13 December: Emergency Leaders have joined bushfire survivors and hundreds of shareholders calling on the big four Australian banks to end finance for companies expanding coal, oil and gas production. The calls by Emergency Leaders for Climate Action come as...
ANZ, NAB and Westpac still have no clear plan to stop financing fossil fuel expansion
ANZ, NAB and Westpac all released their annual Climate Reports last month, with mostly disappointing results. The key takeaway is that the door is still open for fossil fuel companies to keep receiving more finance for their climate destroying expansion plans. Take...
Breaking: CommBank formally walks away from climate wrecking clients
While ANZ, NAB and Westpac gear up to loan hundreds of millions more to one of Australia’s most notorious climate wreckers Australia’s largest bank, the Commonwealth Bank of Australia, made a huge announcement this morning, declaring it has made the decision to...
Big four Australian banks pour $3.6 billion into fossil fuels in 2023
MEDIA RELEASE Tuesday 16 July: A new report by Market Forces reveals Australia’s big four banks have poured more than AU$61 billion into fossil fuels since the global agreement to limit climate change was adopted in Paris over eight years ago. The analysis finds ANZ,...
International banks no longer involved with Santos’ Barossa gas project
News just broke that BNP Paribas and The Export-Import Bank of Korea, two major international banks, are no longer involved in the financing of Santos’ Barossa gas project. Tell Australian, Japanese, and other international banks to cut ties with Santos. It was...
Will the funders of Santos’ Barossa project live up to their human rights commitments?
29 January 2023 Australia’s second biggest gas company, Santos, is able to proceed with its $5.7 billion offshore Barossa gas project, following a Federal Court decision earlier this month. Barossa is located in the Timor Sea north of Darwin and the Tiwi...
Emergency Leaders and shareholders call on big four banks to end finance for new fossil fuels
Thursday 14 December: Emergency Leaders have joined hundreds of shareholders calling on the big four Australian banks to end finance for new and expanded fossil fuel projects. The calls by Emergency Leaders for Climate Action come as Westpac faces a resolution...
Big four banks make strides, but action still dangerously slow in a climate emergency
16 November 2023 All big four Australian banks have now released updated fossil fuel finance restrictions this year that have, to varying degrees, moved the dial on what they can’t finance going forward. But, like everything with the banks – the devil is in the...
NAB commits to future fossil finance restrictions, business as usual for next two years
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...