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Big Australian banks invest $7bn more in fossil fuels than renewables

coalmines
Australian banks continued to fund coalmines in 2016 despite committing to support the Paris climate agreement pledge to keep global warming below 2C. Photograph: Viktor Drachev/Tass

ANZ, NAB, Commonwealth Bank and Westpac provided three times more for non-renewable than clean energy projects in 2016, says Market Forces

March 5, 2017 — Australia’s big four banks invested three times as much in global fossil fuels as they did in clean energy in 2016, despite pledging to help Australia transition to a low carbon economy. Continue reading Big Australian banks invest $7bn more in fossil fuels than renewables