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...
ANZ
Scientists call on ANZ to listen to science and stop banking new fossil fuels
Thursday 19 December: Climate change scientists have backed hundreds of shareholders demanding ANZ and all big four Australian banks meet their climate commitments by ending finance for companies developing new and expanded fossil fuel projects. The calls by...
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...
ANZ rules out Papua LNG, leaves the door open to fund climate wrecking companies
This week ANZ announced that it would no longer provide direct financing to new or expanded oil and gas fields, new liquefied natural gas (LNG) export plants, and won’t bank any oil and gas company not already on their books. The announcement means that all big four...
TotalEnergies’ bankers deliver major blow to Papua LNG carbon bomb
Crédit Agricole, Europe’s third largest bank, has delivered a major blow to TotalEnergies this week, declaring it will not finance Total’s proposed Papua Liquefied Natural Gas project (Papua LNG). Despite being the financial advisor to the project, and one of...
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...
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...