this post was submitted on 17 Aug 2024
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'The writing's on the wall': Australia's largest mortgage lender [CBA] sets the tone after ditching climate culprits (www.abc.net.au)
submitted 3 months ago by MHLoppy@fedia.io to c/news@aussie.zone
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  • In short: Australia's largest mortgage lender [CBA] is no longer offering money to fossil fuel companies that are not aligned with the Paris Agreement.
  • The bank announced the new direction in its latest climate report, published on the same day it posted close to $10 billion in full-year net profit.
  • What's next? The spotlight is now on the other big banks with a finance deal of about $750 million for oil and gas giant Santos on the table.
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[–] MHLoppy@fedia.io 5 points 3 months ago

Looks like we've made some progress since Chaser's 2022 Greenwashing Award