All four of Australia's major retail banks have now reported their 2017 full year results and it is clear they are still heavily invested in fossil fuels. Collectively, ANZ, Commonwealth Bank, NAB and Westpac are exposed to coal mining and oil & gas extraction to...
Westpac
Westpac out of Adani Abbot Point refinancing?
Westpac CEO Brian Hartzer today confirmed that the bank's coal lending restrictions would, in theory, apply to restrict finance for infrastructure projects that are directly linked to new coal basin developments. That looks like a pretty good indication that Westpac...
Big banks still supporting Whitehaven’s dirty coal operations
Whitehaven Coal's Maules Creek mine was recently upgraded to the EPA's highest environmental risk category, making it one of NSW's three dirtiest mines. The company is also planning to expand its Vickery coal mine, which the local community is resisting due to grave...
Tell the big banks: Don’t cave on dirty coal finance!
[cs_content][cs_section parallax="false" separator_top_type="none" separator_top_height="50px" separator_top_angle_point="50" separator_bottom_type="none" separator_bottom_height="50px" separator_bottom_angle_point="50" style="margin: 0px;padding: 0px;"][cs_row...
Two degrees scorecard update
In December 2015, the Paris climate talks saw 195 nations agree to limit global warming to well below 2°C, compared with pre-industrial levels. In the lead up to Paris, ANZ, CommBank, NAB and Westpac all publicly championed the two degree limit, committing to support...
Big 4 STILL financing fossil fuel expansion
On 22 June 2017, some 18 months after committing to support the aims of the Paris Agreement, Australia's big four banks all contributed to a deal to finance more oil and gas exploration and production. Clearly, ANZ, CommBank, NAB and Westpac are yet to come to terms...
CommBank’s climate fail
[cs_content][cs_section parallax="false" separator_top_type="none" separator_top_height="50px" separator_top_angle_point="50" separator_bottom_type="none" separator_bottom_height="50px" separator_bottom_angle_point="50" style="margin: 0px;padding: 0px;"][cs_row...
Media release: Adani’s brand kryptonite: new poll reveals widespread support for Westpac decision to rule out funding
Friday 5 May, 2017: According to a national poll conducted by Essential Research, three times more Australians are in favour of Westpac ruling out funding for Adani’s controversial Carmichael mine proposal than those against. The poll, commissioned by environmental...
Westpac Carmichael announcement a boost for customers
[cs_content][cs_section parallax="false" style="margin: 0px;padding: 45px 0px;"][cs_row inner_container="true" marginless_columns="false" style="margin: 0px auto;padding: 0px;"][cs_column fade="false" fade_animation="in" fade_animation_offset="45px"...
Westpac’s new climate policy rules out most new coal mines – including Carmichael!
[cs_content][cs_section parallax="false" separator_top_type="none" separator_top_height="50px" separator_top_angle_point="50" separator_bottom_type="none" separator_bottom_height="50px" separator_bottom_angle_point="50" style="margin: 0px;padding: 20px 0px...