Posts tagged ‘Banking’
CommBank Brunswick: stop funding Fossil Fuels protest
Commonwealth Bank will announce their new oil and gas policy in August, and now is the time to pile on the pressure to make sure they don’t side with planet wrecking corporations.
Climate Action Merribek members organised a visit and a peaceful protest at 11am on Wednesday at the Commonwealth Bank in Brunswick as part of a broader action by 350 Australia.
From 2016 to 2022 the Commonwealth Bank financed Fossil Fuel Companies to the tune of Aus$14 billion (USD$8,148.69 million)
(more…)Our Big 4 Banks still subsidising climate chaos says report
The Banking on Climate Chaos 2023 report has been published and shows the big 4 Australian Banks: the Commonwealth Bank, ANZ Bank, NAB Bank and Westpac Bank are continuing to approve loans for fossil fuel expansion. Climate Action Merribek was one of many civil society organisations that endorsed this report.
In the league table of worst banks globally for financing fossil fuels, ANZ ranks no 44, Westpac 53, Commonwealth 54, and NAB 56.
All 4 banks have set net-zero 2050 climate targets, but given continued financing of fossil fuel expansion one must question whether this is greenwash target setting. The following details are gathered on the big 4 Australian banks.
See also Market Forces: Australia’s big four banks face human rights complaint over Santos Barossa financing (4 April 2023)
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Climate Action Merribek: people in Brunswick, Coburg, Fawkner and Glenroy wanting action on climate change 