A new report by Market Forces a non-for-profit climate group reveals, Australia’s big four banks have collectively financed over $61 billion into fossil fuel projects since the Paris Agreement, despite their public commitments to climate goals.
In 2023 alone, these banks loaned $3.6 billion to fossil fuel companies, including $2.5 billion to those expanding coal, oil, and gas industries.
Image: Image from Cloudfront
Produced By: Moemina Shukur
Featured In Story: Kyle Robertson – Senior Banks Analyst of Market Forces
First aired on The Wire, Tuesday 16 July 2024