Australia’s four major banks will have lent more than A$3.6 billion to fossil fuel projects and companies by 2023, nearly a decade after the global adoption of the Paris Agreement, according to a new study.
Market forces analysis found that ANZ, NAB, Commonwealth Bank of Australia and Westpac have issued $3.6 billion in fossil fuel loans in 2023.
Subscribers with digital access can view this article.
Are you already a subscriber?