Page 2 - Jack Bertolus News Today

Catherine Livingstone says banks will keep lending to oil and gas projects as the economy transitions as she faced a confrontational annual general meeting.

Shareholders of ANZ, NAB, and Westpac have lodged resolutions calling on the banks to stop funding new fossil fuel projects as the banks have continued to undermine net zero commitments, according to Market Forces.

Shareholder resolutions have been lodged with three of the major banks. Environmental finance group Market Forces has lodged shareholder resolutions with ANZ, NAB and Westpac calling on the banks to

The Commonwealth Bank of Australia (ASX: CBA) share price is in the red as climate activists Market Forces push the bank on its policies

Westpac tightens credit criteria for oil and gas borrowers Westpac tightens credit criteria for oil and gas borrowers 04 May 2021 3:48AM Westpac has tightened lending standards for borrowers in the oil and gas sector as part of its commitment to lowering greenhouse emissions. Under a revised policy revealed in the first half profit presentation, the bank says it will no longer accept loan applications from new borrowers in the oil and gas sector unless they can show their operations are aligned...

3 May 2021 Westpac has told oil and gas producers it will no longer accept them as new customers unless they have clear, publicly-documented strategies to align their activities with the Paris climate goals. It follows similar announcement by the Commonwealth Bank of Australia, and signals the banking and finance industry is now turning its attention away from thermal coal – which most of the big banks have already said they will stop funding – to two other main causes of global warming. We...