{"id":55076,"date":"2021-09-10T11:37:36","date_gmt":"2021-09-10T01:37:36","guid":{"rendered":"https:\/\/www.marketforces.org.au\/?page_id=55076"},"modified":"2024-10-18T10:51:57","modified_gmt":"2024-10-17T23:51:57","slug":"bigfourscorecard","status":"publish","type":"page","link":"https:\/\/www.marketforces.org.au\/campaigns\/banks\/bigfourscorecard\/","title":{"rendered":"Funding climate failure: How Australia\u2019s big banks are undermining the Paris Agreement and net zero by 2050"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#f06400&#8243; custom_padding=&#8221;4px||2px|||&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;][et_pb_row _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;75%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.2&#8243; _module_preset=&#8221;default&#8221; header_3_font=&#8221;Inter|800|||||||&#8221; custom_margin=&#8221;||8px|||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><span style=\"color: #ffffff;\">ARCHIVED CONTENT<\/span><\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.0&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Poppins||||||||&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<span style=\"color: #ffffff;\">This report has been replaced with an updated version. You can find our latest reports <a style=\"color: #ffffff; text-decoration: underline !important;\" href=\"https:\/\/www.marketforces.org.au\/info\/reports\/\">here<\/a>.<\/span>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Feature Section&#8221; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;1&#8243; make_equal=&#8221;on&#8221; module_class=&#8221; et_pb_row_fullwidth&#8221; _builder_version=&#8221;4.16&#8243; background_enable_color=&#8221;off&#8221; background_enable_image=&#8221;off&#8221; width=&#8221;100%&#8221; width_tablet=&#8221;100%&#8221; width_phone=&#8221;&#8221; width_last_edited=&#8221;on|desktop&#8221; max_width=&#8221;100%&#8221; max_width_tablet=&#8221;100%&#8221; max_width_phone=&#8221;&#8221; 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header_font_size_tablet=&#8221;&#8221; header_font_size_phone=&#8221;36px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>FUNDING CLIMATE FAILURE<\/h1>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_code][et_pb_text _builder_version=&#8221;4.16&#8243; text_font=&#8221;Montserrat||||&#8221; text_text_color=&#8221;#FFFFFF&#8221; text_font_size=&#8221;20px&#8221; text_line_height=&#8221;1.8em&#8221; header_font=&#8221;||||||||&#8221; custom_margin=&#8221;||50px|&#8221; animation_direction=&#8221;top&#8221; text_font_size_tablet=&#8221;&#8221; text_font_size_phone=&#8221;18px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">How Australia\u2019s big banks are undermining the Paris Agreement and net zero by 2050.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_divider color=&#8221;#903e4c&#8221; divider_weight=&#8221;4px&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;50px&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; module_class=&#8221;banner-column-right&#8221; _builder_version=&#8221;4.16&#8243; background_enable_color=&#8221;off&#8221; background_image=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/Acland-coal-mine-credit-Lock-the-Gate-Alliance-Funding-Climate-Failure-banner-1.jpg&#8221; background_blend=&#8221;darken&#8221; custom_padding=&#8221;|||&#8221; background_last_edited=&#8221;on|phone&#8221; background_image_tablet=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/Acland-coal-mine-credit-Lock-the-Gate-Alliance-Funding-Climate-Failure-banner-mobile.jpg&#8221; background_image_phone=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/Acland-coal-mine-credit-Lock-the-Gate-Alliance-Funding-Climate-Failure-banner-mobile.jpg&#8221; background_enable_image_tablet=&#8221;on&#8221; background_enable_image_phone=&#8221;on&#8221; parallax_tablet=&#8221;off&#8221; parallax_phone=&#8221;off&#8221; parallax_method_tablet=&#8221;off&#8221; custom_css_before=&#8221;background-image: linear-gradient(115deg,#443545 30%,rgba(255,255,255,0) 0%);||content: %22%22;||    display: block;||    clear: both;||    line-height: 0;||    z-index: 99;||    position: absolute;||    top: 0;||    height: 100%;||    width: 100%;&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221; custom_css_before_last_edited=&#8221;on|desktop&#8221; custom_css_before_tablet=&#8221;background-image: unset;&#8221; custom_css_before_phone=&#8221;background-image: unset;&#8221; custom_css_main_element_last_edited=&#8221;on|phone&#8221; custom_css_main_element_tablet=&#8221;min-height: 400px !important;||display: block !important;&#8221; custom_css_main_element_phone=&#8221;min-height: 400px !important;||display: block !important;&#8221;][et_pb_image _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; max_width=&#8221;100%&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;5px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;0.8em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">Acland coal mine. Image credit: Lock the Gate (CC BY 2.0)<\/span><\/i><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;25px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;75%&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><em>This report was published in September 2021. The data in the report covers the timeframe 1 Jan 2016 \u2013 31 Dec 2020.<\/em><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">In December 2015 nearly 200 nations signed the Paris Agreement, aiming to limit global warming to 1.5\u00b0C compared with pre-industrial levels.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since then, the world has recorded its five hottest years. Half the Great Barrier Reef corals died in back-to-back mass bleaching events. Australia experienced some of its worst bushfires on record, and wildfires devastated California and swathes of Europe. And the world\u2019s foremost climate science body, the IPCC, issued its starkest warning yet of the dire impacts of climate change if swift and significant action isn\u2019t taken.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Australia\u2019s \u2018big four\u2019 banks \u2013 ANZ, CommBank, NAB and Westpac \u2013 have all publicly championed the Paris Agreement. They have also committed to the global goal of net zero emissions by 2050, even though the current state of climate science means we should be aiming for net-zero emissions far sooner.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But their actions are failing to satisfy either of these commitments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In May 2021, the International Energy Agency (IEA) gave us the best insight yet of the rapid energy transition required to achieve net-zero emissions by 2050. <\/span><b>The conclusion is clear: there is no room for new or expanded coal, oil and gas projects.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Despite this, Australia\u2019s major banks have continued undermining their own climate commitments. In 2020 the big four loaned:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$8.9 billion to the dirty coal, oil and gas industry, up 18% since 2019, bringing the total amount loaned since 2016 to $44.4 billion,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$835 million for projects that expand the fossil fuel industry, enabling an additional 1.1 billion tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to be released into our atmosphere, and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$1.3 billion to major Australian fossil fuel companies pursuing plans consistent with the failure of the Paris Agreement, including $464 million to some of the most climate-destructive companies in Australia; <\/span><b>Whitehaven Coal<\/b><span style=\"font-weight: 400;\"> and <\/span><b>Santos<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Worse still, if Australian fossil fuel companies get their way, they will enable emissions equivalent to <\/span><a href=\"https:\/\/www.marketforces.org.au\/campaigns\/super\/outofline\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">146 times<\/span><\/a><span style=\"font-weight: 400;\"> Australia\u2019s annual carbon footprint. These companies and others are pursuing at least another 116 <\/span><a href=\"https:\/\/www.marketforces.org.au\/pariahprojects\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">new or expansionary fossil fuel projects<\/span><\/a><span style=\"font-weight: 400;\"> in Australia that would cost more than $200 billion, including <\/span><b>Whitehaven<\/b><span style=\"font-weight: 400;\">\u2019s Vickery coal mine, <\/span><b>New Hope<\/b><span style=\"font-weight: 400;\">\u2019s New Acland Stage 3, <\/span><b>Woodside<\/b><span style=\"font-weight: 400;\">\u2019s Burrup Hub, and <\/span><b>Santos<\/b><span style=\"font-weight: 400;\">\u2019s Narrabri Gas Project. If we\u2019re to have a fighting chance to limit warming to 1.5\u00b0C, we must ensure the banks do not fund these climate-destructive companies or their dirty fossil fuel expansions.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;1.5em|0.5em|1.5em|0.5em|false|false&#8221; border_color_all=&#8221;#a1b93c&#8221; box_shadow_style=&#8221;preset1&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text module_id=&#8221;scorecard-take-action&#8221; _builder_version=&#8221;4.16&#8243; background_color=&#8221;#a1b93c&#8221; background_enable_color=&#8221;off&#8221; custom_margin=&#8221;0.5em||1em||false|false&#8221; custom_padding=&#8221;|1em||1em|false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 style=\"text-align: center; font-weight: bold;\">TAKE ACTION!<\/h2>\n<p style=\"text-align: center;\">Tell your bank: net-zero by 2050 and the Paris Agreement means no more fossil fuels!<\/p>\n<p style=\"text-align: center;\">If you&#8217;re not a customer or shareholder of one of the big four, click the &#8220;All Banks&#8221; tab below to send all four banks a message.<\/p>\n<p>[\/et_pb_text][et_pb_tabs _builder_version=&#8221;4.16&#8243; tab_font=&#8221;|600|||||||&#8221; tab_font_size=&#8221;16px&#8221; tab_line_height=&#8221;2em&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_tab title=&#8221;ANZ&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150x150.png\" alt=\"ANZ\" class=\"wp-image-14224 alignnone size-full\" style=\"display: block; margin-left: auto; margin-right: auto;\" width=\"100\" height=\"100\" srcset=\"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150x150.png 150w, 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                        <label for='input_465_1_6' class='gform-field-label gform-field-label--type-sub '>Last<\/label>\n                                                <\/span>\n                            \n                        <\/div><\/li><li id=\"field_465_2\" class=\"gfield gfield--type-email gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_2'>Email<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_email'>\n                            <input name='input_2' id='input_465_2' type='email' value='' class='large'    aria-required=\"true\" aria-invalid=\"false\"  \/>\n                        <\/div><\/li><li id=\"field_465_25\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >I am an...<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_465_25'><li class='gchoice gchoice_465_25_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_25.1' type='checkbox'  value='ANZ customer'  id='choice_465_25_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_465_25_1' id='label_465_25_1' class='gform-field-label gform-field-label--type-inline'>ANZ customer<\/label>\n\t\t\t\t\t\t\t<\/li><li class='gchoice gchoice_465_25_2'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_25.2' type='checkbox'  value='ANZ shareholder'  id='choice_465_25_2'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_465_25_2' id='label_465_25_2' class='gform-field-label gform-field-label--type-inline'>ANZ shareholder<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_465_31\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >I would like to...<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_465_31'>\n\t\t\t<li class='gchoice gchoice_465_31_0'>\n\t\t\t\t<input name='input_31' type='radio' value='Give the bank one last chance'  id='choice_465_31_0'    \/>\n\t\t\t\t<label for='choice_465_31_0' id='label_465_31_0' class='gform-field-label gform-field-label--type-inline'>Give the bank one last chance<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_465_31_1'>\n\t\t\t\t<input name='input_31' type='radio' value='Ask for information about ending business with the bank'  id='choice_465_31_1'    \/>\n\t\t\t\t<label for='choice_465_31_1' id='label_465_31_1' class='gform-field-label gform-field-label--type-inline'>Ask for information about ending business with the bank<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_465_32\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >I have the following products with this bank:<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_465_32'><li class='gchoice gchoice_465_32_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_32.1' type='checkbox'  value='Bank account'  id='choice_465_32_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_465_32_1' id='label_465_32_1' class='gform-field-label gform-field-label--type-inline'>Bank account<\/label>\n\t\t\t\t\t\t\t<\/li><li class='gchoice gchoice_465_32_2'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_32.2' type='checkbox'  value='Mortgage'  id='choice_465_32_2'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_465_32_2' id='label_465_32_2' class='gform-field-label gform-field-label--type-inline'>Mortgage<\/label>\n\t\t\t\t\t\t\t<\/li><li class='gchoice gchoice_465_32_3'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_32.3' type='checkbox'  value='Other'  id='choice_465_32_3'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_465_32_3' id='label_465_32_3' class='gform-field-label gform-field-label--type-inline'>Other<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_465_27\" class=\"gfield gfield--type-text field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_27'>Subject (you can customise this)<\/label><div class='ginput_container ginput_container_text'><input name='input_27' id='input_465_27' type='text' value='Stop wrecking our climate. Net zero by 2050 means no new fossil fuels.' class='large'      aria-invalid=\"false\"   \/><\/div><\/li><li id=\"field_465_20\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_20'>Your message to ANZ (customer - one last chance)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_20' id='input_465_20' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer I am giving you one last chance to decide whether you want my business. I am asking you to make commitments today to:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_21\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_21'>Your message to ANZ (shareholder)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_21' id='input_465_21' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a shareholder, I am asking you to make commitments today that would be the bare minimum to carry any credibility on climate change from this point forward. I am asking you to confirm you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_22\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_22'>Your message to ANZ (customer and shareholder - one last chance)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_22' id='input_465_22' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer and shareholder I am giving you one last chance to decide whether you want my business and investment. I am asking you to make commitments today to:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_33\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_33'>Your message to ANZ (customer - ask about closing bank account, ending mortgage and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_33' id='input_465_33' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer I would like to know how I can close my bank account and end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_34\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_34'>Your message to ANZ (customer - ask about closing bank account and ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_34' id='input_465_34' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer I would like to know how I can close my bank account and end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_35\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_35'>Your message to ANZ (customer - ask about closing bank account and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_35' id='input_465_35' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer I would like to know how I can close my bank account and end other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_36\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_36'>Your message to ANZ (customer - ask about ending mortgage and other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_36' id='input_465_36' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer I would like to know how I can end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_37\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_37'>Your message to ANZ (customer - ask about closing bank account)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_37' id='input_465_37' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer I would like to know how I can close my bank account with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_38\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_38'>Your message to ANZ (customer - ask about ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_38' id='input_465_38' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer I would like to know how I can end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_39\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_39'>Your message to ANZ (customer - ask about ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_39' id='input_465_39' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer I would like to know how I can end my services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_40\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_40'>Your message to ANZ (customer and shareholder - ask about closing bank account, ending mortgage and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_40' id='input_465_40' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer and shareholder I would like to know how I can close my bank account and end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_41\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_41'>Your message to ANZ (customer and shareholder - ask about closing bank account and ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_41' id='input_465_41' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer and shareholder I would like to know how I can close my bank account and end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_42\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_42'>Your message to ANZ (customer and shareholder - ask about closing bank account and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_42' id='input_465_42' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer and shareholder I would like to know how I can close my bank account end my other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_43\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_43'>Your message to ANZ (customer and shareholder - ask about ending mortgage and other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_43' id='input_465_43' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer and shareholder I would like to know how I can end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_44\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_44'>Your message to ANZ (customer and shareholder - ask about closing bank account)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_44' id='input_465_44' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer and shareholder I would like to know how I can close my bank account with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_45\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_45'>Your message to ANZ (customer and shareholder - ask about ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_45' id='input_465_45' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer and shareholder I would like to know how I can end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_46\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_465_46'>Your message to ANZ (customer and shareholder - ask about ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_46' id='input_465_46' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear ANZ,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.7 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives climate-destructive coal companies a free pass until at least 2025, while failing to even address polluting oil and gas.\n\nWhen it comes to action on climate change, you are the clear laggard among your peers.\n\nAs a customer and shareholder I would like to know how I can end my services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_465_9\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >Yes, I want to hear more from Market Forces about this campaign<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_465_9'><li class='gchoice gchoice_465_9_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_9.1' type='checkbox'  value='Yes, I want to hear more from Market Forces about this campaign' checked='checked' id='choice_465_9_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_465_9_1' id='label_465_9_1' class='gform-field-label gform-field-label--type-inline'>Yes, I want to hear more from Market Forces about this campaign<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_465_49\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - ACTION LIST: I would like to...<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_465_49'><li class='gchoice gchoice_465_49_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_49.1' type='checkbox'  value='Give the bank one last chance' checked='checked' id='choice_465_49_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_465_49_1' id='label_465_49_1' class='gform-field-label gform-field-label--type-inline'>Give the bank one last chance<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_465_50\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - ACTION LIST: I would like to...<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_465_50'><li class='gchoice gchoice_465_50_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_50.1' type='checkbox'  value='Ask for information about ending 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          gform.core.triggerPostRenderEvents( 465, current_page );            if ( visibilityTestDiv ) {                visibilityTestDiv.parentNode.removeChild( visibilityTestDiv );            }        }        function debounce( func, wait, immediate ) {            var timeout;            return function() {                var context = this, args = arguments;                var later = function() {                    timeout = null;                    if ( !immediate ) func.apply( context, args );                };                var callNow = immediate && !timeout;                clearTimeout( timeout );                timeout = setTimeout( later, wait );                if ( callNow ) func.apply( context, args );            };        }        const debouncedTriggerPostRender = debounce( function() {            triggerPostRender();        }, 200 );        if ( visibilityTestDiv && visibilityTestDiv.offsetParent === null ) {            const observer = new MutationObserver( ( 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alignnone size-full\" style=\"display: block; margin-left: auto; margin-right: auto;\" width=\"100\" height=\"100\" srcset=\"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150x150.png 150w, https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150x150-100x100.png 100w\" sizes=\"(max-width: 100px) 100vw, 100px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Tell Commonwealth Bank our climate can&#8217;t afford new fossil fuels!<br \/><\/strong><\/p>\n<hr style=\"border-top: 2px solid #903e4c; margin-top: 0.5em; margin-bottom: 1em;\" \/>\n\n                <div class='gf_browser_unknown gform_wrapper gform_legacy_markup_wrapper gform-theme--no-framework' data-form-theme='legacy' data-form-index='0' id='gform_wrapper_466' style='display:none'><div id='gf_466' class='gform_anchor' tabindex='-1'><\/div><form method='post' enctype='multipart\/form-data' target='gform_ajax_frame_466' id='gform_466'  action='\/wp-json\/wp\/v2\/pages\/55076#gf_466' data-formid='466' novalidate><div class='gf_invisible ginput_recaptchav3' data-sitekey='6LdpG74bAAAAAAfG76zCHaW_pwUx9zp9bP05qG2y' data-tabindex='0'><input id=\"input_bee316b566267584e7cdcb1ee97bf049\" class=\"gfield_recaptcha_response\" type=\"hidden\" name=\"input_bee316b566267584e7cdcb1ee97bf049\" value=\"\"\/><\/div>\n                        <div class='gform-body gform_body'><ul id='gform_fields_466' class='gform_fields top_label form_sublabel_below description_below validation_below'><li id=\"field_466_1\" class=\"gfield gfield--type-name gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_complex ginput_container ginput_container--name no_prefix has_first_name no_middle_name has_last_name no_suffix gf_name_has_2 ginput_container_name gform-grid-row' id='input_466_1'>\n                            \n                            <span id='input_466_1_3_container' class='name_first gform-grid-col gform-grid-col--size-auto' >\n                                                    <input type='text' name='input_1.3' id='input_466_1_3' value=''   aria-required='true'     \/>\n                                                    <label for='input_466_1_3' class='gform-field-label gform-field-label--type-sub '>First<\/label>\n                                                <\/span>\n                            \n                            <span id='input_466_1_6_container' class='name_last gform-grid-col gform-grid-col--size-auto' >\n                                                    <input type='text' name='input_1.6' id='input_466_1_6' value=''   aria-required='true'     \/>\n                                                    <label for='input_466_1_6' class='gform-field-label gform-field-label--type-sub '>Last<\/label>\n                                                <\/span>\n                            \n                        <\/div><\/li><li id=\"field_466_2\" class=\"gfield gfield--type-email gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_2'>Email<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_email'>\n                            <input name='input_2' id='input_466_2' type='email' value='' class='large'    aria-required=\"true\" aria-invalid=\"false\"  \/>\n                        <\/div><\/li><li id=\"field_466_25\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >I am a...<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_466_25'><li class='gchoice gchoice_466_25_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_25.1' type='checkbox'  value='Commonwealth Bank customer'  id='choice_466_25_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_466_25_1' id='label_466_25_1' class='gform-field-label gform-field-label--type-inline'>Commonwealth Bank customer<\/label>\n\t\t\t\t\t\t\t<\/li><li class='gchoice gchoice_466_25_2'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_25.2' type='checkbox'  value='Commonwealth Bank shareholder'  id='choice_466_25_2'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_466_25_2' id='label_466_25_2' class='gform-field-label gform-field-label--type-inline'>Commonwealth Bank shareholder<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_466_31\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >I would like to...<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_466_31'>\n\t\t\t<li class='gchoice gchoice_466_31_0'>\n\t\t\t\t<input name='input_31' type='radio' value='Give the bank one last chance'  id='choice_466_31_0'    \/>\n\t\t\t\t<label for='choice_466_31_0' id='label_466_31_0' class='gform-field-label gform-field-label--type-inline'>Give the bank one last chance<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_466_31_1'>\n\t\t\t\t<input name='input_31' type='radio' value='Ask for information about ending business with the bank'  id='choice_466_31_1'    \/>\n\t\t\t\t<label for='choice_466_31_1' id='label_466_31_1' class='gform-field-label gform-field-label--type-inline'>Ask for information about ending business with the bank<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_466_32\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >I have the following products with this bank:<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_466_32'><li class='gchoice gchoice_466_32_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_32.1' type='checkbox'  value='Bank account'  id='choice_466_32_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_466_32_1' id='label_466_32_1' class='gform-field-label gform-field-label--type-inline'>Bank account<\/label>\n\t\t\t\t\t\t\t<\/li><li class='gchoice gchoice_466_32_2'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_32.2' type='checkbox'  value='Mortgage'  id='choice_466_32_2'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_466_32_2' id='label_466_32_2' class='gform-field-label gform-field-label--type-inline'>Mortgage<\/label>\n\t\t\t\t\t\t\t<\/li><li class='gchoice gchoice_466_32_3'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_32.3' type='checkbox'  value='Other'  id='choice_466_32_3'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_466_32_3' id='label_466_32_3' class='gform-field-label gform-field-label--type-inline'>Other<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_466_27\" class=\"gfield gfield--type-text field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_27'>Subject (you can customise this)<\/label><div class='ginput_container ginput_container_text'><input name='input_27' id='input_466_27' type='text' value='Stop wrecking our climate. Net zero by 2050 means no new fossil fuels.' class='large'      aria-invalid=\"false\"   \/><\/div><\/li><li id=\"field_466_20\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_20'>Your message to CommBank (customer - one last chance)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_20' id='input_466_20' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer I am giving you one last chance to decide whether you want my business. I am asking you to make commitments today to:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_21\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_21'>Your message to CommBank (shareholder)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_21' id='input_466_21' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a shareholder, I am asking you to make commitments today that would be the bare minimum to carry any credibility on climate change from this point forward. I am asking you to confirm you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_22\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_22'>Your message to CommBank (customer and shareholder - one last chance)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_22' id='input_466_22' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer and shareholder I am giving you one last chance to decide whether you want my business and investment. I am asking you to make commitments today to:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_33\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_33'>Your message to CommBank (customer - ask about closing bank account, ending mortgage and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_33' id='input_466_33' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer I would like to know how I can close my bank account and end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_34\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_34'>Your message to CommBank (customer - ask about closing bank account and ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_34' id='input_466_34' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer I would like to know how I can close my bank account and end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_35\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_35'>Your message to CommBank (customer - ask about closing bank account and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_35' id='input_466_35' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer I would like to know how I can close my bank account and end my other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_36\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_36'>Your message to CommBank (customer - ask about ending mortgage and other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_36' id='input_466_36' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer I would like to know how I can end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_37\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_37'>Your message to CommBank (customer - ask about closing bank account)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_37' id='input_466_37' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer I would like to know how I can close my bank account with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_38\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_38'>Your message to CommBank (customer - ask about ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_38' id='input_466_38' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer I would like to know how I can end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_39\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_39'>Your message to CommBank (customer - ask about ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_39' id='input_466_39' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer I would like to know how I can end my services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_40\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_40'>Your message to CommBank (customer and shareholder - ask about closing bank account, ending mortgage and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_40' id='input_466_40' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer and shareholder I would like to know how I can close my bank account and end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_41\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_41'>Your message to CommBank (customer and shareholder - ask about closing bank account and ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_41' id='input_466_41' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer and shareholder I would like to know how I can close my bank account and end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_42\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_42'>Your message to CommBank (customer and shareholder - ask about closing bank account and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_42' id='input_466_42' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer and shareholder I would like to know how I can close my bank account and end my other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_43\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_43'>Your message to CommBank (customer and shareholder - ask about ending mortgage and other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_43' id='input_466_43' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer and shareholder I would like to know how I can end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_44\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_44'>Your message to CommBank (customer and shareholder - ask about closing bank account)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_44' id='input_466_44' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer and shareholder I would like to know how I can close my bank account with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_45\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_45'>Your message to CommBank (customer and shareholder - ask about ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_45' id='input_466_45' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer and shareholder I would like to know how I can end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_46\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_466_46'>Your message to CommBank (customer and shareholder - ask about ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_46' id='input_466_46' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Commonwealth Bank,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.4 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nIt is beyond comprehension that your climate policy gives these climate-destructive companies a free pass until at least 2025.\n\nAs a customer and shareholder I would like to know how I can end my services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_466_9\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >Yes, I want to hear more from Market Forces about this campaign<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_466_9'><li class='gchoice gchoice_466_9_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_9.1' type='checkbox'  value='Yes, I want to hear more from Market Forces about this campaign' checked='checked' id='choice_466_9_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_466_9_1' id='label_466_9_1' class='gform-field-label gform-field-label--type-inline'>Yes, I want to hear more from Market Forces about this campaign<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_466_49\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - ACTION LIST: I would like to...<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_466_49'><li class='gchoice gchoice_466_49_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_49.1' type='checkbox'  value='Give the bank one last chance' checked='checked' id='choice_466_49_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_466_49_1' id='label_466_49_1' class='gform-field-label gform-field-label--type-inline'>Give the bank one last chance<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_466_50\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - ACTION LIST: I would like to...<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_466_50'><li class='gchoice gchoice_466_50_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_50.1' type='checkbox'  value='Ask for information about ending business with the bank' checked='checked' id='choice_466_50_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_466_50_1' id='label_466_50_1' class='gform-field-label gform-field-label--type-inline'>Ask for information about ending business with the bank<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_466_47\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - MAIN LIST: I am an... -&gt; Big bank customer<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_466_47'><li class='gchoice gchoice_466_47_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_47.1' type='checkbox'  value='Commonwealth Bank' checked='checked' id='choice_466_47_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_466_47_1' id='label_466_47_1' class='gform-field-label gform-field-label--type-inline'>Commonwealth Bank<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_466_48\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - MAIN LIST: I have the following products (mortgage) -&gt; Your bank (home loans)<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_466_48'><li class='gchoice gchoice_466_48_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_48.1' type='checkbox'  value='Commonwealth' checked='checked' id='choice_466_48_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_466_48_1' id='label_466_48_1' class='gform-field-label gform-field-label--type-inline'>Commonwealth<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_466_51\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - MAIN LIST: I am a... -&gt; a CommBank customer<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_466_51'><li class='gchoice gchoice_466_51_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_51.1' type='checkbox'  value='a CommBank customer' checked='checked' id='choice_466_51_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_466_51_1' id='label_466_51_1' class='gform-field-label gform-field-label--type-inline'>a CommBank customer<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_466_52\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - MAIN LIST: I am a... -&gt; a CommBank shareholder<\/label><div class='ginput_container ginput_container_checkbox'><ul 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'https:\/\/www.marketforces.org.au\/wp-content\/plugins\/gravityforms\/images\/spinner.svg', true );jQuery('#gform_ajax_frame_466').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_466');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_466').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){form_content.find('form').css('opacity', 0);jQuery('#gform_wrapper_466').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_466').addClass('gform_validation_error');} else 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[466]);window['gf_submitting_466'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_466').text());}else{jQuery('#gform_466').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger(\"gform_pre_post_render\", [{ formId: \"466\", currentPage: \"current_page\", abort: function() { this.preventDefault(); } }]);        if (event && event.defaultPrevented) {                return;        }        const gformWrapperDiv = document.getElementById( \"gform_wrapper_466\" );        if ( gformWrapperDiv ) {            const visibilitySpan = document.createElement( \"span\" );            visibilitySpan.id = \"gform_visibility_test_466\";            gformWrapperDiv.insertAdjacentElement( \"afterend\", visibilitySpan );        }        const visibilityTestDiv = document.getElementById( \"gform_visibility_test_466\" );        let postRenderFired = false;        function triggerPostRender() {            if ( postRenderFired ) {                return;            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observer = new MutationObserver( ( mutations ) => {                mutations.forEach( ( mutation ) => {                    if ( mutation.type === 'attributes' && visibilityTestDiv.offsetParent !== null ) {                        debouncedTriggerPostRender();                        observer.disconnect();                    }                });            });            observer.observe( document.body, {                attributes: true,                childList: false,                subtree: true,                attributeFilter: [ 'style', 'class' ],            });        } else {            triggerPostRender();        }    } );} ); \n\/* ]]> *\/\n<\/script>\n\n<p>[\/et_pb_tab][et_pb_tab title=&#8221;NAB&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150x150.png\" alt=\"NAB\" class=\"wp-image-14223 alignnone size-full\" style=\"display: block; margin-left: auto; margin-right: auto;\" width=\"100\" height=\"100\" srcset=\"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150x150.png 150w, https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150x150-100x100.png 100w\" sizes=\"(max-width: 100px) 100vw, 100px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Tell NAB our climate can&#8217;t afford new fossil fuels!<br \/><\/strong><\/p>\n<hr style=\"border-top: 2px solid #903e4c; margin-top: 0.5em; margin-bottom: 1em;\" \/>\n\n                <div class='gf_browser_unknown gform_wrapper gform_legacy_markup_wrapper gform-theme--no-framework' data-form-theme='legacy' data-form-index='0' id='gform_wrapper_467' style='display:none'><div id='gf_467' class='gform_anchor' tabindex='-1'><\/div><form method='post' enctype='multipart\/form-data' target='gform_ajax_frame_467' id='gform_467'  action='\/wp-json\/wp\/v2\/pages\/55076#gf_467' data-formid='467' novalidate><div class='gf_invisible ginput_recaptchav3' data-sitekey='6LdpG74bAAAAAAfG76zCHaW_pwUx9zp9bP05qG2y' data-tabindex='0'><input id=\"input_0ace8e7bd2b5ce28554b75b9b06c5ec3\" class=\"gfield_recaptcha_response\" type=\"hidden\" name=\"input_0ace8e7bd2b5ce28554b75b9b06c5ec3\" value=\"\"\/><\/div>\n                        <div class='gform-body gform_body'><ul id='gform_fields_467' class='gform_fields top_label form_sublabel_below description_below validation_below'><li id=\"field_467_1\" class=\"gfield gfield--type-name gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_complex ginput_container ginput_container--name no_prefix has_first_name no_middle_name has_last_name no_suffix gf_name_has_2 ginput_container_name gform-grid-row' id='input_467_1'>\n                            \n                            <span id='input_467_1_3_container' class='name_first gform-grid-col gform-grid-col--size-auto' >\n                                                    <input type='text' name='input_1.3' id='input_467_1_3' value=''   aria-required='true'     \/>\n                                                    <label for='input_467_1_3' class='gform-field-label gform-field-label--type-sub '>First<\/label>\n                                                <\/span>\n                            \n                            <span id='input_467_1_6_container' class='name_last gform-grid-col gform-grid-col--size-auto' >\n                                                    <input type='text' name='input_1.6' id='input_467_1_6' value=''   aria-required='true'     \/>\n                                                    <label for='input_467_1_6' class='gform-field-label gform-field-label--type-sub '>Last<\/label>\n                                                <\/span>\n                            \n                        <\/div><\/li><li id=\"field_467_2\" class=\"gfield gfield--type-email gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_2'>Email<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_email'>\n                            <input name='input_2' id='input_467_2' type='email' value='' class='large'    aria-required=\"true\" aria-invalid=\"false\"  \/>\n                        <\/div><\/li><li id=\"field_467_25\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >I am a...<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_467_25'><li class='gchoice gchoice_467_25_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_25.1' type='checkbox'  value='NAB customer'  id='choice_467_25_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_467_25_1' id='label_467_25_1' class='gform-field-label gform-field-label--type-inline'>NAB customer<\/label>\n\t\t\t\t\t\t\t<\/li><li class='gchoice gchoice_467_25_2'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_25.2' type='checkbox'  value='NAB shareholder'  id='choice_467_25_2'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_467_25_2' id='label_467_25_2' class='gform-field-label gform-field-label--type-inline'>NAB shareholder<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_467_31\" class=\"gfield gfield--type-radio gfield--type-choice gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' >I would like to...<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_radio'><ul class='gfield_radio' id='input_467_31'>\n\t\t\t<li class='gchoice gchoice_467_31_0'>\n\t\t\t\t<input name='input_31' type='radio' value='Give the bank one last chance'  id='choice_467_31_0'    \/>\n\t\t\t\t<label for='choice_467_31_0' id='label_467_31_0' class='gform-field-label gform-field-label--type-inline'>Give the bank one last chance<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_467_31_1'>\n\t\t\t\t<input name='input_31' type='radio' value='Ask for information about ending business with the bank'  id='choice_467_31_1'    \/>\n\t\t\t\t<label for='choice_467_31_1' id='label_467_31_1' class='gform-field-label gform-field-label--type-inline'>Ask for information about ending business with the bank<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_467_32\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >I have the following products with this bank:<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_467_32'><li class='gchoice gchoice_467_32_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_32.1' type='checkbox'  value='Bank account'  id='choice_467_32_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_467_32_1' id='label_467_32_1' class='gform-field-label gform-field-label--type-inline'>Bank account<\/label>\n\t\t\t\t\t\t\t<\/li><li class='gchoice gchoice_467_32_2'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_32.2' type='checkbox'  value='Mortgage'  id='choice_467_32_2'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_467_32_2' id='label_467_32_2' class='gform-field-label gform-field-label--type-inline'>Mortgage<\/label>\n\t\t\t\t\t\t\t<\/li><li class='gchoice gchoice_467_32_3'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_32.3' type='checkbox'  value='Other'  id='choice_467_32_3'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_467_32_3' id='label_467_32_3' class='gform-field-label gform-field-label--type-inline'>Other<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_467_27\" class=\"gfield gfield--type-text field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_27'>Subject (you can customise this)<\/label><div class='ginput_container ginput_container_text'><input name='input_27' id='input_467_27' type='text' value='Stop wrecking our climate. Net zero by 2050 means no new fossil fuels.' class='large'      aria-invalid=\"false\"   \/><\/div><\/li><li id=\"field_467_20\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_20'>Your message to NAB (customer - one last chance)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_20' id='input_467_20' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer I am giving you one last chance to decide whether you want my business. I am asking you to make commitments today to:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_21\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_21'>Your message to NAB (shareholder)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_21' id='input_467_21' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a shareholder, I am asking you to make commitments today that would be the bare minimum to carry any credibility on climate change from this point forward. I am asking you to confirm you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_22\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_22'>Your message to NAB (customer and shareholder - one last chance)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_22' id='input_467_22' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer and shareholder I am giving you one last chance to decide whether you want my business and investment. I am asking you to make commitments today to:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_33\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_33'>Your message to NAB (customer - ask about closing bank account, ending mortgage and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_33' id='input_467_33' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer I would like to know how I can close my bank account and end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_34\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_34'>Your message to NAB (customer - ask about closing bank account and ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_34' id='input_467_34' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer I would like to know how I can close my bank account and end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_35\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_35'>Your message to NAB (customer - ask about closing bank account and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_35' id='input_467_35' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer I would like to know how I can close my bank account and end my other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_36\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_36'>Your message to NAB (customer - ask about ending mortgage and other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_36' id='input_467_36' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer I would like to know how I can end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_37\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_37'>Your message to NAB (customer - ask about closing bank account)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_37' id='input_467_37' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer I would like to know how I can close my bank account with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_38\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_38'>Your message to NAB (customer - ask about ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_38' id='input_467_38' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer I would like to know how I can end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_39\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_39'>Your message to NAB (customer - ask about ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_39' id='input_467_39' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer I would like to know how I can end my services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_40\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_40'>Your message to NAB (customer and shareholder - ask about closing bank account, ending mortgage and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_40' id='input_467_40' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer and shareholder I would like to know how I can close my bank account and end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_41\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_41'>Your message to NAB (customer and shareholder - ask about closing bank account and ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_41' id='input_467_41' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer and shareholder I would like to know how I can close my bank account and end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_42\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_42'>Your message to NAB (customer and shareholder - ask about closing bank account and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_42' id='input_467_42' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer and shareholder I would like to know how I can close my bank account and end my other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_43\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_43'>Your message to NAB (customer and shareholder - ask about ending mortgage and other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_43' id='input_467_43' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer and shareholder I would like to know how I can end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_44\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_44'>Your message to NAB (customer and shareholder - ask about closing bank account)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_44' id='input_467_44' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer and shareholder I would like to know how I can close my bank account with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_45\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_45'>Your message to NAB (customer and shareholder - ask about ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_45' id='input_467_45' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer and shareholder I would like to know how I can end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_46\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_467_46'>Your message to NAB (customer and shareholder - ask about ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_46' id='input_467_46' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear NAB,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $1.9 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over, and\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nAs a customer and shareholder I would like to know how I can end my services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_467_9\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >Yes, I want to hear more from Market Forces about this campaign<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_467_9'><li class='gchoice gchoice_467_9_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_9.1' type='checkbox'  value='Yes, I want to hear more from Market Forces about this campaign' checked='checked' id='choice_467_9_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_467_9_1' id='label_467_9_1' class='gform-field-label gform-field-label--type-inline'>Yes, I want to hear more from Market Forces about this campaign<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_467_49\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - ACTION LIST: I would like to...<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_467_49'><li class='gchoice gchoice_467_49_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_49.1' type='checkbox'  value='Give the bank one last chance' checked='checked' id='choice_467_49_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_467_49_1' id='label_467_49_1' class='gform-field-label gform-field-label--type-inline'>Give the bank one last chance<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_467_50\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - ACTION LIST: I would like to...<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_467_50'><li class='gchoice gchoice_467_50_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_50.1' type='checkbox'  value='Ask for information about ending business with the bank' checked='checked' id='choice_467_50_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_467_50_1' id='label_467_50_1' class='gform-field-label gform-field-label--type-inline'>Ask for information about ending business with the bank<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_467_47\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - MAIN LIST: I am an... -&gt; Big bank customer<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_467_47'><li class='gchoice gchoice_467_47_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_47.1' type='checkbox'  value='NAB' checked='checked' id='choice_467_47_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_467_47_1' id='label_467_47_1' class='gform-field-label gform-field-label--type-inline'>NAB<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_467_48\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - MAIN LIST: I have the following products (mortgage) -&gt; Your bank (home loans)<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_467_48'><li class='gchoice gchoice_467_48_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_48.1' type='checkbox'  value='NAB' checked='checked' id='choice_467_48_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_467_48_1' id='label_467_48_1' class='gform-field-label gform-field-label--type-inline'>NAB<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><\/ul><\/div>\n        <div class='gform-footer gform_footer top_label'> <input type='submit' 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*\/\n<\/script>\n\n<p>[\/et_pb_tab][et_pb_tab title=&#8221;Westpac&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150x150.png\" alt=\"Westpac\" class=\"wp-image-14222 alignnone size-full\" style=\"display: block; margin-left: auto; margin-right: auto;\" width=\"100\" height=\"100\" srcset=\"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150x150.png 150w, https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150x150-100x100.png 100w\" sizes=\"(max-width: 100px) 100vw, 100px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Tell Westpac our climate can&#8217;t afford new fossil fuels!<br \/><\/strong><\/p>\n<hr style=\"border-top: 2px solid #903e4c; margin-top: 0.5em; margin-bottom: 1em;\" \/>\n\n                <div class='gf_browser_unknown gform_wrapper gform_legacy_markup_wrapper gform-theme--no-framework' data-form-theme='legacy' data-form-index='0' id='gform_wrapper_468' style='display:none'><div id='gf_468' class='gform_anchor' tabindex='-1'><\/div><form method='post' enctype='multipart\/form-data' target='gform_ajax_frame_468' id='gform_468'  action='\/wp-json\/wp\/v2\/pages\/55076#gf_468' data-formid='468' novalidate><div class='gf_invisible ginput_recaptchav3' data-sitekey='6LdpG74bAAAAAAfG76zCHaW_pwUx9zp9bP05qG2y' data-tabindex='0'><input id=\"input_19854ad5dc21b36acac85fd426a26bbe\" class=\"gfield_recaptcha_response\" type=\"hidden\" name=\"input_19854ad5dc21b36acac85fd426a26bbe\" value=\"\"\/><\/div>\n                        <div class='gform-body gform_body'><ul id='gform_fields_468' class='gform_fields top_label form_sublabel_below description_below validation_below'><li id=\"field_468_1\" class=\"gfield gfield--type-name gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_complex ginput_container ginput_container--name no_prefix has_first_name no_middle_name has_last_name no_suffix gf_name_has_2 ginput_container_name gform-grid-row' id='input_468_1'>\n                            \n                            <span id='input_468_1_3_container' class='name_first gform-grid-col gform-grid-col--size-auto' >\n                                                    <input type='text' name='input_1.3' id='input_468_1_3' value=''   aria-required='true'     \/>\n                                                    <label for='input_468_1_3' class='gform-field-label gform-field-label--type-sub '>First<\/label>\n                                                <\/span>\n                            \n                            <span id='input_468_1_6_container' class='name_last gform-grid-col gform-grid-col--size-auto' >\n                                                    <input type='text' name='input_1.6' id='input_468_1_6' value=''   aria-required='true'     \/>\n                                                    <label for='input_468_1_6' class='gform-field-label gform-field-label--type-sub '>Last<\/label>\n                                                <\/span>\n                            \n                        <\/div><\/li><li id=\"field_468_2\" class=\"gfield gfield--type-email gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_2'>Email<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_email'>\n                            <input name='input_2' id='input_468_2' type='email' value='' class='large'    aria-required=\"true\" aria-invalid=\"false\"  \/>\n                        <\/div><\/li><li id=\"field_468_25\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >I am a...<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_468_25'><li class='gchoice gchoice_468_25_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_25.1' type='checkbox'  value='Westpac customer'  id='choice_468_25_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_468_25_1' 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id='input_468_31'>\n\t\t\t<li class='gchoice gchoice_468_31_0'>\n\t\t\t\t<input name='input_31' type='radio' value='Give the bank one last chance'  id='choice_468_31_0'    \/>\n\t\t\t\t<label for='choice_468_31_0' id='label_468_31_0' class='gform-field-label gform-field-label--type-inline'>Give the bank one last chance<\/label>\n\t\t\t<\/li>\n\t\t\t<li class='gchoice gchoice_468_31_1'>\n\t\t\t\t<input name='input_31' type='radio' value='Ask for information about ending business with the bank'  id='choice_468_31_1'    \/>\n\t\t\t\t<label for='choice_468_31_1' id='label_468_31_1' class='gform-field-label gform-field-label--type-inline'>Ask for information about ending business with the bank<\/label>\n\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_468_32\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >I have the following products with this bank:<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_468_32'><li class='gchoice gchoice_468_32_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_32.1' type='checkbox'  value='Bank account'  id='choice_468_32_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_468_32_1' id='label_468_32_1' class='gform-field-label gform-field-label--type-inline'>Bank account<\/label>\n\t\t\t\t\t\t\t<\/li><li class='gchoice gchoice_468_32_2'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_32.2' type='checkbox'  value='Mortgage'  id='choice_468_32_2'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_468_32_2' id='label_468_32_2' class='gform-field-label gform-field-label--type-inline'>Mortgage<\/label>\n\t\t\t\t\t\t\t<\/li><li class='gchoice gchoice_468_32_3'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_32.3' type='checkbox'  value='Other'  id='choice_468_32_3'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_468_32_3' id='label_468_32_3' class='gform-field-label gform-field-label--type-inline'>Other<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_468_27\" class=\"gfield gfield--type-text field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_27'>Subject (you can customise this)<\/label><div class='ginput_container ginput_container_text'><input name='input_27' id='input_468_27' type='text' value='Stop wrecking our climate. Net zero by 2050 means no new fossil fuels.' class='large'      aria-invalid=\"false\"   \/><\/div><\/li><li id=\"field_468_20\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_20'>Your message to Westpac (customer - one last chance)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_20' id='input_468_20' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer I am giving you one last chance to decide whether you want my business. I am asking you to make commitments today to:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_21\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_21'>Your message to Westpac (shareholder)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_21' id='input_468_21' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a shareholder, I am asking you to make commitments today that would be the bare minimum to carry any credibility on climate change from this point forward. I am asking you to confirm you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_22\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_22'>Your message to Westpac (customer and shareholder - one last chance)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_22' id='input_468_22' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer and shareholder I am giving you one last chance to decide whether you want my business and investment. I am asking you to make commitments today to:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_33\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_33'>Your message to Westpac (customer - ask about closing bank account, ending mortgage and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_33' id='input_468_33' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer I would like to know how I can close my bank account and end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_34\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_34'>Your message to Westpac (customer - ask about closing bank account and ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_34' id='input_468_34' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer I would like to know how I can close my bank account and end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_35\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_35'>Your message to Westpac (customer - ask about closing bank account and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_35' id='input_468_35' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer I would like to know how I can close my bank account and end my other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_36\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_36'>Your message to Westpac (customer - ask about ending mortgage and other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_36' id='input_468_36' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer I would like to know how I can end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_37\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_37'>Your message to Westpac (customer - ask about closing bank account)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_37' id='input_468_37' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer I would like to know how I can close my bank account with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_38\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_38'>Your message to Westpac (customer - ask about ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_38' id='input_468_38' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer I would like to know how I can end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_39\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_39'>Your message to Westpac (customer - ask about ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_39' id='input_468_39' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer I would like to know how I can end my services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_40\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_40'>Your message to Westpac (customer and shareholder - ask about closing bank account, ending mortgage and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_40' id='input_468_40' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer and shareholder I would like to know how I can close my bank account and end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_41\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_41'>Your message to Westpac (customer and shareholder - ask about closing bank account and ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_41' id='input_468_41' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer and shareholder I would like to know how I can close my bank account and end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_42\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_42'>Your message to Westpac (customer and shareholder - ask about closing bank account and ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_42' id='input_468_42' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer and shareholder I would like to know how I can close my bank account and end my other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_43\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_43'>Your message to Westpac (customer and shareholder - ask about ending mortgage and other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_43' id='input_468_43' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer and shareholder I would like to know how I can end my mortgage and other services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_44\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_44'>Your message to Westpac (customer and shareholder - ask about closing bank account)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_44' id='input_468_44' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer and shareholder I would like to know how I can close my bank account with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_45\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_45'>Your message to Westpac (customer and shareholder - ask about ending mortgage)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_45' id='input_468_45' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer and shareholder I would like to know how I can end my mortgage with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_46\" class=\"gfield gfield--type-textarea field_sublabel_below gfield--no-description field_description_above field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_468_46'>Your message to Westpac (customer and shareholder - ask about ending other services)<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_46' id='input_468_46' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Westpac,\n\nIt is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all is the $2.1 billion you\u2019ve loaned since 2016 to fossil fuel companies whose business plans are consistent with the failure of the Paris Agreement. This includes funding for:\n\n- Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health, and\n- Woodside Energy, Australia\u2019s largest producer of climate-wrecking gas, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement.\n\nAs a customer and shareholder I would like to know how I can end my services with you, unless you\u2019re willing to confirm to me you will:\n\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nIf not, please pass along the requested information about ending my business relationship with you.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_468_9\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >Yes, I want to hear more from Market Forces about this campaign<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_468_9'><li class='gchoice gchoice_468_9_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_9.1' type='checkbox'  value='Yes, I want to hear more from Market Forces about this campaign' checked='checked' id='choice_468_9_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_468_9_1' id='label_468_9_1' class='gform-field-label gform-field-label--type-inline'>Yes, I want to hear more from Market Forces about this campaign<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_468_49\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - ACTION LIST: I would like to...<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_468_49'><li class='gchoice gchoice_468_49_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_49.1' type='checkbox'  value='Give the bank one last chance' checked='checked' id='choice_468_49_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_468_49_1' id='label_468_49_1' class='gform-field-label gform-field-label--type-inline'>Give the bank one last chance<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_468_50\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - ACTION LIST: I would like to...<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_468_50'><li class='gchoice gchoice_468_50_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_50.1' type='checkbox'  value='Ask for information about ending business with the bank' checked='checked' id='choice_468_50_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_468_50_1' id='label_468_50_1' class='gform-field-label gform-field-label--type-inline'>Ask for information about ending business with the bank<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_468_47\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - MAIN LIST: I am an... -&gt; Big bank customer<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_468_47'><li class='gchoice gchoice_468_47_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_47.1' type='checkbox'  value='Westpac' checked='checked' id='choice_468_47_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_468_47_1' id='label_468_47_1' class='gform-field-label gform-field-label--type-inline'>Westpac<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_468_48\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - MAIN LIST: I have the following products (mortgage) -&gt; Your bank (home loans)<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_468_48'><li class='gchoice gchoice_468_48_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_48.1' type='checkbox'  value='Westpac' checked='checked' id='choice_468_48_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_468_48_1' id='label_468_48_1' class='gform-field-label gform-field-label--type-inline'>Westpac<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_468_51\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - MAIN LIST: I am a... -&gt; Are you a Westpac customer?<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_468_51'><li class='gchoice gchoice_468_51_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_51.1' type='checkbox'  value='a Westpac customer' checked='checked' id='choice_468_51_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_468_51_1' id='label_468_51_1' class='gform-field-label gform-field-label--type-inline'>a Westpac customer<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><li id=\"field_468_52\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><label class='gfield_label gform-field-label gfield_label_before_complex' >PASS DATA - MAIN LIST: I am a... -&gt; Are you a Westpac shareholder?<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_468_52'><li class='gchoice gchoice_468_52_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_52.1' type='checkbox'  value='a Westpac shareholder' checked='checked' id='choice_468_52_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_468_52_1' id='label_468_52_1' class='gform-field-label gform-field-label--type-inline'>a Westpac shareholder<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><\/ul><\/div>\n        <div class='gform-footer gform_footer top_label'> <input type='submit' id='gform_submit_button_468' class='gform_button button' onclick='gform.submission.handleButtonClick(this);' data-submission-type='submit' value='Contact Westpac'  \/> <input type='hidden' name='gform_ajax' value='form_id=468&amp;title=&amp;description=&amp;tabindex=0&amp;theme=legacy&amp;styles=[]&amp;hash=185b8f6994af33abb1e7ae701f775b45' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submission_method' data-js='gform_submission_method_468' value='iframe' \/>\n            <input type='hidden' class='gform_hidden' name='gform_theme' data-js='gform_theme_468' id='gform_theme_468' value='legacy' \/>\n            <input type='hidden' class='gform_hidden' name='gform_style_settings' data-js='gform_style_settings_468' id='gform_style_settings_468' value='[]' \/>\n            <input type='hidden' class='gform_hidden' name='is_submit_468' value='1' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submit' value='468' \/>\n            \n            <input type='hidden' class='gform_hidden' name='gform_currency' data-currency='AUD' value='J6508hsrrFAAcn90oMgArQhz\/u3M+L4rKHLt8H67B3o1YVq\/3gjxA\/hwR8OURMiBALaew8vBz5Sb3uNetl4DR467JyHBpuo1QNBdqpPoRJG6fnI=' \/>\n            <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' \/>\n            <input type='hidden' class='gform_hidden' name='state_468' value='WyJbXSIsIjYzYjEzY2E5ZGJhZWQ5NWVjMDAyMWUzMDg1NzdjZmQxIl0=' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_target_page_number_468' id='gform_target_page_number_468' value='0' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_source_page_number_468' id='gform_source_page_number_468' value='1' \/>\n            <input type='hidden' name='gform_field_values' value='' \/>\n            \n        <\/div>\n                        <\/form>\n                        <\/div>\n\t\t                <iframe style='display:none;width:0px;height:0px;' src='about:blank' name='gform_ajax_frame_468' id='gform_ajax_frame_468' title='This iframe contains the logic required to handle Ajax powered Gravity Forms.'><\/iframe>\n\t\t                <script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n gform.initializeOnLoaded( function() {gformInitSpinner( 468, 'https:\/\/www.marketforces.org.au\/wp-content\/plugins\/gravityforms\/images\/spinner.svg', true );jQuery('#gform_ajax_frame_468').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_468');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_468').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){form_content.find('form').css('opacity', 0);jQuery('#gform_wrapper_468').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_468').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_468').removeClass('gform_validation_error');}setTimeout( function() { \/* delay the scroll by 50 milliseconds to fix a bug in chrome *\/ jQuery(document).scrollTop(jQuery('#gform_wrapper_468').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_468').val();gformInitSpinner( 468, 'https:\/\/www.marketforces.org.au\/wp-content\/plugins\/gravityforms\/images\/spinner.svg', true );jQuery(document).trigger('gform_page_loaded', [468, current_page]);window['gf_submitting_468'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}jQuery('#gform_wrapper_468').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_468').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [468]);window['gf_submitting_468'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_468').text());}else{jQuery('#gform_468').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger(\"gform_pre_post_render\", [{ formId: \"468\", currentPage: \"current_page\", abort: function() { this.preventDefault(); 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       } else {            triggerPostRender();        }    } );} ); \n\/* ]]> *\/\n<\/script>\n\n<p>[\/et_pb_tab][et_pb_tab title=&#8221;All Banks&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Tell the banks our climate can&#8217;t afford new fossil fuels!<br \/><\/strong><\/p>\n<hr style=\"border-top: 2px solid #903e4c; margin-top: 0.5em; margin-bottom: 1em;\" \/>\n\n                <div class='gf_browser_unknown gform_wrapper gform_legacy_markup_wrapper gform-theme--no-framework' data-form-theme='legacy' data-form-index='0' id='gform_wrapper_469' ><div id='gf_469' class='gform_anchor' tabindex='-1'><\/div><form method='post' enctype='multipart\/form-data' target='gform_ajax_frame_469' id='gform_469'  action='\/wp-json\/wp\/v2\/pages\/55076#gf_469' data-formid='469' novalidate><div class='gf_invisible ginput_recaptchav3' data-sitekey='6LdpG74bAAAAAAfG76zCHaW_pwUx9zp9bP05qG2y' data-tabindex='0'><input id=\"input_9acac5c8fa2fec9548af381aaf3bdbb7\" class=\"gfield_recaptcha_response\" type=\"hidden\" name=\"input_9acac5c8fa2fec9548af381aaf3bdbb7\" value=\"\"\/><\/div>\n                        <div class='gform-body gform_body'><ul id='gform_fields_469' class='gform_fields top_label form_sublabel_below description_below validation_below'><li id=\"field_469_3\" class=\"gfield gfield--type-name gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_complex ginput_container ginput_container--name no_prefix has_first_name no_middle_name has_last_name no_suffix gf_name_has_2 ginput_container_name gform-grid-row' id='input_469_3'>\n                            \n                            <span id='input_469_3_3_container' class='name_first gform-grid-col gform-grid-col--size-auto' >\n                                                    <input type='text' name='input_3.3' id='input_469_3_3' value=''   aria-required='true'     \/>\n                                                    <label for='input_469_3_3' class='gform-field-label gform-field-label--type-sub '>First<\/label>\n                                                <\/span>\n                            \n                            <span id='input_469_3_6_container' class='name_last gform-grid-col gform-grid-col--size-auto' >\n                                                    <input type='text' name='input_3.6' id='input_469_3_6' value=''   aria-required='true'     \/>\n                                                    <label for='input_469_3_6' class='gform-field-label gform-field-label--type-sub '>Last<\/label>\n                                                <\/span>\n                            \n                        <\/div><\/li><li id=\"field_469_4\" class=\"gfield gfield--type-email gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_469_4'>Email Address<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_email'>\n                            <input name='input_4' id='input_469_4' type='email' value='' class='medium'    aria-required=\"true\" aria-invalid=\"false\"  \/>\n                        <\/div><\/li><li id=\"field_469_18\" class=\"gfield gfield--type-text field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_469_18'>Subject (you can customise this)<\/label><div class='ginput_container ginput_container_text'><input name='input_18' id='input_469_18' type='text' value='Stop wrecking our climate. Net zero by 2050 means no new fossil fuels.' class='large'      aria-invalid=\"false\"   \/><\/div><\/li><li id=\"field_469_19\" class=\"gfield gfield--type-textarea gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_469_19'>Your message (your name and the name of the bank will be added automatically)<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_19' id='input_469_19' class='textarea medium'     aria-required=\"true\" aria-invalid=\"false\"   rows='10' cols='50'>It is appalling that, despite your claimed commitment to the Paris Agreement and net zero emissions by 2050, you have loaned billions of dollars to fossil fuel projects and companies expanding these industries.\n\nWorst of all are the billions you\u2019ve loaned to fossil fuel companies whose business plans rely on the failure of the Paris Agreement. Special mentions go to:\n\n- NAB and Westpac for funding Whitehaven Coal, which is planning to spend almost $2 billion on three proposed climate-wrecking coal mines that would unleash almost 1.1 billion tonnes of carbon emissions, the equivalent of almost twice Australia\u2019s annual emissions,\n- NAB and ANZ for funding New Hope Corporation, whose New Acland Stage 3 coal mining project is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, enabling the release of enough CO2 to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) almost twice over,\n- ANZ and Westpac for funding Woodside Energy, whose proposed Burrup Hub gas project has been labelled one of 12 global \u2018carbon bombs\u2019 jeopardising the goals of the Paris Agreement, and\n- all the major banks for funding Santos, which plans to increase oil and gas production by 9% per year until 2030 when production needs to fall 3-4% per year to limit warming to 1.5\u00b0C. Santos is also pursuing the highly opposed Narrabri Gas Project risking Traditional Owner sacred sites, groundwater, biodiversity, agricultural land and health.\n\nTo be taken seriously on the topic of climate change, each of Australia\u2019s major banks should, as a start:\n- No longer finance companies seeking to expand the scale of the fossil fuel industry, or any new fossil fuel projects, and\n- Commit to phase out exposure to all fossil fuels in line with the goals of the Paris Agreement.\n\nPlease confirm as soon as possible that you will meet the above points.\n\nSincerely,<\/textarea><\/div><\/li><li id=\"field_469_15\" class=\"gfield gfield--type-checkbox gfield--type-choice field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label gfield_label_before_complex' >Of course I want to get updates about this campaign from Market Forces!<\/label><div class='ginput_container ginput_container_checkbox'><ul class='gfield_checkbox' id='input_469_15'><li class='gchoice gchoice_469_15_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_15.1' type='checkbox'  value='Yes' checked='checked' id='choice_469_15_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_469_15_1' id='label_469_15_1' class='gform-field-label gform-field-label--type-inline'>Yes<\/label>\n\t\t\t\t\t\t\t<\/li><\/ul><\/div><\/li><\/ul><\/div>\n        <div class='gform-footer gform_footer top_label'> <input type='submit' id='gform_submit_button_469' class='gform_button button' onclick='gform.submission.handleButtonClick(this);' data-submission-type='submit' value='Send your message'  \/> <input type='hidden' name='gform_ajax' value='form_id=469&amp;title=&amp;description=&amp;tabindex=0&amp;theme=legacy&amp;styles=[]&amp;hash=23b722492402bfdda8431b901cf48bd4' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submission_method' data-js='gform_submission_method_469' value='iframe' \/>\n            <input type='hidden' class='gform_hidden' name='gform_theme' data-js='gform_theme_469' id='gform_theme_469' value='legacy' \/>\n            <input type='hidden' class='gform_hidden' name='gform_style_settings' data-js='gform_style_settings_469' id='gform_style_settings_469' value='[]' \/>\n            <input type='hidden' class='gform_hidden' name='is_submit_469' value='1' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submit' value='469' \/>\n            \n            <input type='hidden' class='gform_hidden' name='gform_currency' data-currency='AUD' value='XLOQVtcthu1rYdRqR8zAIUqXJIuu3KwN8oJGYKLcNF5pJoIzl8AXDBVaoc3j0a9p3gV9uOFo+dSvT7raWk8ijQNNrAyB03ewVtSv\/9r0O7sV0d4=' \/>\n            <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' \/>\n            <input type='hidden' class='gform_hidden' name='state_469' value='WyJbXSIsIjYzYjEzY2E5ZGJhZWQ5NWVjMDAyMWUzMDg1NzdjZmQxIl0=' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_target_page_number_469' id='gform_target_page_number_469' value='0' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_source_page_number_469' id='gform_source_page_number_469' value='1' \/>\n            <input type='hidden' name='gform_field_values' value='' \/>\n            \n        <\/div>\n                        <\/form>\n                        <\/div>\n\t\t                <iframe style='display:none;width:0px;height:0px;' src='about:blank' name='gform_ajax_frame_469' id='gform_ajax_frame_469' title='This iframe contains the logic required to handle Ajax powered Gravity Forms.'><\/iframe>\n\t\t                <script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n gform.initializeOnLoaded( function() {gformInitSpinner( 469, 'https:\/\/www.marketforces.org.au\/wp-content\/plugins\/gravityforms\/images\/spinner.svg', true );jQuery('#gform_ajax_frame_469').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_469');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_469').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_469').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_469').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_469').removeClass('gform_validation_error');}setTimeout( function() { \/* delay the scroll by 50 milliseconds to fix a bug in chrome *\/ jQuery(document).scrollTop(jQuery('#gform_wrapper_469').offset().top - mt); 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       } else {            triggerPostRender();        }    } );} ); \n\/* ]]> *\/\n<\/script>\n\n<p>[\/et_pb_tab][\/et_pb_tabs][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#ededed&#8221; custom_margin=&#8221;||||false|false&#8221; custom_margin_last_edited=&#8221;off|desktop&#8221; custom_padding=&#8221;0px||25px||false|false&#8221; global_colors_info=&#8221;{}&#8221; custom_margin__hover_enabled=&#8221;off|desktop&#8221;][et_pb_row column_structure=&#8221;3_5,2_5&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;1440px&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;3_5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_toggle title=&#8221;Contents&#8221; open=&#8221;on&#8221; closed_toggle_background_color=&#8221;#FFFFFF&#8221; icon_color=&#8221;#666666&#8243; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;24px&#8221; open_icon_color=&#8221;#666666&#8243; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;24px&#8221; module_class=&#8221;divi-toggle-downarrow divi-toggle-downarrow-open&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#ededed&#8221; border_width_all=&#8221;0px&#8221; border_width_bottom=&#8221;1px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ol>\n<li><a href=\"#banks-climate-promises\"><span style=\"font-weight: 400;\">Banks\u2019 climate promises<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#climate-scorecard-bank-actions-since-january-2016\"><span style=\"font-weight: 400;\">Climate Scorecard: Bank actions since January 2016<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#climate-scorecard-bank-policies\"><span style=\"font-weight: 400;\">Climate Scorecard: Bank policies<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#funding-australias-most-climate-wrecking-companies\"><span style=\"font-weight: 400;\">Funding Australia\u2019s most climate-wrecking companies<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#big-banks-make-a-mockery-of-climate-commitments\"><span style=\"font-weight: 400;\">Big banks make a mockery of climate commitments by funding new fossil fuels<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#climate-impact-of-new-fossil-fuels\"><span style=\"font-weight: 400;\">Climate impact of new fossil fuels<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#fossil-fuel-lending-too-high-renewables-lending-too-low\"><span style=\"font-weight: 400;\">Fossil fuel lending too high, renewables lending too low<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#policy-laggards\"><span style=\"font-weight: 400;\">Policy laggards<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#banks-breaching-their-own-policies\"><span style=\"font-weight: 400;\">Banks breaching their own policies?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"#methodology\"><span style=\"font-weight: 400;\">Methodology<\/span><\/a><\/li>\n<\/ol>\n<p>[\/et_pb_toggle][\/et_pb_column][et_pb_column type=&#8221;2_5&#8243; 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_module_preset=&#8221;default&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;25px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Banks&#8217; climate promises<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">The big four banks have all supported the Paris Agreement and the goal of net zero by 2050. Find their commitments below, and read on to learn why the banks haven\u2019t lived up to their promises and how they should improve.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_4,3_4&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||1em||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; border_width_bottom=&#8221;1px&#8221; border_color_bottom=&#8221;#ededed&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;ANZ&#8221; title_text=&#8221;ANZ-Logo-Scribble-150&#215;150&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;3_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">\u201cANZ\u2019s Climate Change Statement reaffirms support for the <\/span><b>Paris Agreement<\/b><span style=\"font-weight: 400;\"> goals and the transition to a <\/span><b>net-zero<\/b><span style=\"font-weight: 400;\"> carbon economy\u201d &#8211; <\/span><a href=\"https:\/\/www.anz.com.au\/content\/dam\/anzcom\/shareholder\/ANZ-2019-Climate-related-Financial-Disclosures.pdf\"><span style=\"font-weight: 400;\">ANZ<\/span><\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_4,3_4&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;1em||1em||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; border_width_bottom=&#8221;1px&#8221; border_color_bottom=&#8221;#ededed&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;CommBank&#8221; title_text=&#8221;CommBank-Logo-Scribble-150&#215;150&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;3_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe are committed to playing our part in limiting climate change in line with the goals of the <\/span><b>Paris Agreement<\/b><span style=\"font-weight: 400;\"> and supporting the responsible global transition to <\/span><b>net zero<\/b><span style=\"font-weight: 400;\"> emissions by 2050\u201d &#8211; <\/span><a href=\"https:\/\/www.commbank.com.au\/content\/dam\/commbank\/about-us\/shareholders\/pdfs\/results\/fy20\/cba-2020-annual-report.pdf\"><span style=\"font-weight: 400;\">CommBank<\/span><\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_4,3_4&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;1em||1em||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; border_width_bottom=&#8221;1px&#8221; border_color_bottom=&#8221;#ededed&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;NAB&#8221; title_text=&#8221;NAB-Logo-Scribble-150&#215;150&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;3_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe are aligning our business with the goals of the <\/span><b>Paris Agreement<\/b><span style=\"font-weight: 400;\">: to keep global warming to less than two degrees Celsius, striving for no more than 1.5 degrees Celsius above pre-industrial levels and supporting a just transition to a <\/span><b>net zero<\/b><span style=\"font-weight: 400;\"> emissions economy by 2050.\u201d &#8211; <\/span><a href=\"https:\/\/www.nab.com.au\/content\/dam\/nabrwd\/documents\/reports\/corporate\/2020-sustainability-report-pdf.pdf\"><span style=\"font-weight: 400;\">NAB<\/span><\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_4,3_4&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;1em||1em||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; border_width_bottom=&#8221;1px&#8221; border_color_bottom=&#8221;#ededed&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;Westpac&#8221; title_text=&#8221;Westpac-Logo-Scribble-150&#215;150&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;3_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We are committed to managing our business in alignment with our support for the <\/span><b>Paris Climate Agreement<\/b><span style=\"font-weight: 400;\"> and the need to transition to a <\/span><b>net zero<\/b><span style=\"font-weight: 400;\"> emissions economy by 2050.&#8221; &#8211; <\/span><a href=\"https:\/\/www.westpac.com.au\/about-westpac\/sustainability\/our-positions-and-perspectives\/climate-change-environmental-issues\/\"><span style=\"font-weight: 400;\">Westpac<\/span><\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_id=&#8221;climate-scorecard-bank-actions-since-january-2016&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;0px||2px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; disabled_on=&#8221;on|on|off&#8221; _builder_version=&#8221;4.17.4&#8243; custom_padding=&#8221;3px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;||15px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text module_id=&#8221;scorecard-bank-actions&#8221; _builder_version=&#8221;4.16&#8243; header_2_text_align=&#8221;left&#8221; header_2_line_height=&#8221;1.3em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 style=\"text-align: center;\"><strong>Climate Scorecard: Bank actions since<br \/>January 2016<\/strong><\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,1_5,1_5,1_5,1_5&#8243; use_custom_gutter=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||10px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;ANZ&#8221; title_text=&#8221;ANZ-Logo-Scribble-150&#215;150&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; animation_style=&#8221;fade&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;CommBank&#8221; title_text=&#8221;CommBank-Logo-Scribble-150&#215;150&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; animation_style=&#8221;fade&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;NAB&#8221; title_text=&#8221;NAB-Logo-Scribble-150&#215;150&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; animation_style=&#8221;fade&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;Westpac&#8221; title_text=&#8221;Westpac-Logo-Scribble-150&#215;150&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; animation_style=&#8221;fade&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,1_5,1_5,1_5,1_5&#8243; use_custom_gutter=&#8221;on&#8221; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; background_color=&#8221;rgba(67,50,67,0.1)&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;5px||5px||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;|0px|||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Total lending to fossil fuels<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$13,978 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$14,202 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$9,547 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$6,689 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,1_5,1_5,1_5,1_5&#8243; use_custom_gutter=&#8221;on&#8221; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; background_enable_color=&#8221;off&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;5px||5px||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|0px||0px|false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;|0px|||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Lending to companies with business plans consistent with the Paris Agreement\u2019s failure<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$2,785 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$2,405 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$1,996 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$2,121 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,1_5,1_5,1_5,1_5&#8243; use_custom_gutter=&#8221;on&#8221; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; background_color=&#8221;rgba(67,50,67,0.1)&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;5px||5px||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|0px||0px|false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;|0px|||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Lending to expansionary projects<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$2,446 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$3,060 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$1,472 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$861 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,1_5,1_5,1_5,1_5&#8243; use_custom_gutter=&#8221;on&#8221; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; background_enable_color=&#8221;off&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;5px||5px||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|0px||0px|false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;|0px|||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Fossil fuels vs renewables lending ratio<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #903e4c;\">$6.20<\/span> : <span style=\"color: #a1b93c;\">$1<\/span><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #903e4c;\">$3.63<\/span> : <span style=\"color: #a1b93c;\">$1<\/span><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #903e4c;\">$1.46<\/span> : <span style=\"color: #a1b93c;\">$1<\/span><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #903e4c;\">$2.93<\/span> : <span style=\"color: #a1b93c;\">$1<\/span><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,1_5,1_5,1_5,1_5&#8243; use_custom_gutter=&#8221;on&#8221; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; background_color=&#8221;rgba(67,50,67,0.1)&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;5px||5px||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|0px||0px|false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;|0px|||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Total emissions enabled from expansionary projects (tonnes CO<sub>2<\/sub>)<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>4.6 billion<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>5.8 billion<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>3.6 billion<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>2.3 billion<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><em>The data in this report covers the timeframe 1 Jan 2016 \u2013 31 Dec 2020<\/em><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; disabled_on=&#8221;off|off|on&#8221; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;4px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; header_2_text_align=&#8221;left&#8221; header_2_line_height=&#8221;1.3em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 style=\"text-align: center;\"><strong>Climate Scorecard: Bank actions since January 2016<\/strong><\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;1em||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;24px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Total lending to fossil fuels<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;ANZ&#8221; title_text=&#8221;ANZ-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$13,978 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;CommBank&#8221; title_text=&#8221;CommBank-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$14,202 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;NAB&#8221; title_text=&#8221;NAB-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$9,547 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;Westpac&#8221; title_text=&#8221;Westpac-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$6,689 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;1em||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;24px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Lending to companies with business plans consistent with the Paris Agreement\u2019s failure<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;ANZ&#8221; title_text=&#8221;ANZ-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$2,785 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;CommBank&#8221; title_text=&#8221;CommBank-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$2,405 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;NAB&#8221; title_text=&#8221;NAB-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$1,996 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;Westpac&#8221; title_text=&#8221;Westpac-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$2,121 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;1em||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;24px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Lending to expansionary projects<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;ANZ&#8221; title_text=&#8221;ANZ-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$2,446 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;CommBank&#8221; title_text=&#8221;CommBank-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$3,060 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;NAB&#8221; title_text=&#8221;NAB-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$1,472 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;Westpac&#8221; title_text=&#8221;Westpac-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>$861 million<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;1em||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;24px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Fossil fuels vs renewables lending ratio<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;ANZ&#8221; title_text=&#8221;ANZ-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #903e4c;\">$6.20<\/span> : <span style=\"color: #a1b93c;\">$1<\/span><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;CommBank&#8221; title_text=&#8221;CommBank-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #903e4c;\">$3.63<\/span>\u00a0: <span style=\"color: #a1b93c;\">$1<\/span><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;NAB&#8221; title_text=&#8221;NAB-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #903e4c;\">$1.46<\/span> : <span style=\"color: #a1b93c;\">$1<\/span><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;Westpac&#8221; title_text=&#8221;Westpac-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #903e4c;\">$2.93<\/span> : <span style=\"color: #a1b93c;\">$1<\/span><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;1em||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;24px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Total emissions enabled from expansionary projects (tonnes CO<sub>2<\/sub>)<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;ANZ&#8221; title_text=&#8221;ANZ-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>4.6 billion<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;CommBank&#8221; title_text=&#8221;CommBank-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>5.8 billion<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;NAB&#8221; title_text=&#8221;NAB-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>3.6 billion<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;Westpac&#8221; title_text=&#8221;Westpac-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>2.3 billion<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><em>The data in this report covers the timeframe 1 Jan 2016 \u2013 31 Dec 2020<\/em><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; disabled_on=&#8221;on|on|off&#8221; module_id=&#8221;climate-scorecard-bank-policies&#8221; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;||15px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text module_id=&#8221;scorecard-bank-policies&#8221; _builder_version=&#8221;4.16&#8243; header_2_text_align=&#8221;left&#8221; header_2_line_height=&#8221;1.3em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 style=\"text-align: center;\"><strong>Climate Scorecard: Bank policies<\/strong><\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,1_5,1_5,1_5,1_5&#8243; use_custom_gutter=&#8221;on&#8221; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||10px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; custom_css_main_element=&#8221;width: 32% !important;&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;ANZ&#8221; title_text=&#8221;ANZ-Logo-Scribble-150&#215;150&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; animation_style=&#8221;fade&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;CommBank&#8221; title_text=&#8221;CommBank-Logo-Scribble-150&#215;150&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; animation_style=&#8221;fade&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;NAB&#8221; title_text=&#8221;NAB-Logo-Scribble-150&#215;150&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; animation_style=&#8221;fade&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;Westpac&#8221; title_text=&#8221;Westpac-Logo-Scribble-150&#215;150&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; animation_style=&#8221;fade&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,1_5,1_5,1_5,1_5&#8243; use_custom_gutter=&#8221;on&#8221; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; background_color=&#8221;rgba(67,50,67,0.1)&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;10px||10px||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;||||false|false&#8221; custom_css_main_element=&#8221;width: 32% !important;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;|0px|||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Rules out funding companies with business plans consistent with the failure of the Paris Agreement?<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,1_5,1_5,1_5,1_5&#8243; use_custom_gutter=&#8221;on&#8221; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; background_enable_color=&#8221;off&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;10px||10px||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;||||false|false&#8221; custom_css_main_element=&#8221;width: 32% !important;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;|0px|||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Rules out funding new or expansionary fossil fuels?<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><b>No<\/b><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,1_5,1_5,1_5,1_5&#8243; use_custom_gutter=&#8221;on&#8221; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; background_color=&#8221;rgba(67,50,67,0.1)&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;10px||10px||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|0px||0px|false|false&#8221; custom_css_main_element=&#8221;width: 32% !important;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;|0px|||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Plans to phase out all fossil fuel exposure in line with the Paris Agreement?<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,1_5,1_5,1_5,1_5&#8243; use_custom_gutter=&#8221;on&#8221; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; background_enable_color=&#8221;off&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;10px||10px||false|false&#8221; custom_css_main_element=&#8221;align-items: center;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|0px||0px|false|false&#8221; custom_css_main_element=&#8221;width: 32% !important;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;|0px|||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Plans to exit thermal coal by 2030?<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><b>Yes<\/b><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Yes<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.17.4&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Yes*<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Yes<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><em>The data in this report covers the timeframe 1 Jan 2016 \u2013 31 Dec 2020<\/em><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><em>*NAB updated its thermal coal policy in November 2021.<\/em><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; disabled_on=&#8221;off|off|on&#8221; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;4px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text module_id=&#8221;scorecard-bank-policies&#8221; _builder_version=&#8221;4.16&#8243; header_2_text_align=&#8221;left&#8221; header_2_line_height=&#8221;1.3em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 style=\"text-align: center;\"><strong>Climate Scorecard: Bank policies<\/strong><\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;1em||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;24px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Rules out funding companies with business plans consistent with the failure of the Paris Agreement?<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;ANZ&#8221; title_text=&#8221;ANZ-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;CommBank&#8221; title_text=&#8221;CommBank-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;NAB&#8221; title_text=&#8221;NAB-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;Westpac&#8221; title_text=&#8221;Westpac-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;1em||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;24px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Rules out funding new or expansionary fossil fuels?<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;ANZ&#8221; title_text=&#8221;ANZ-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;CommBank&#8221; title_text=&#8221;CommBank-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;NAB&#8221; title_text=&#8221;NAB-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;Westpac&#8221; title_text=&#8221;Westpac-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;1em||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;24px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Plans to phase out all fossil fuel exposure in line with the Paris Agreement?<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;ANZ&#8221; title_text=&#8221;ANZ-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;CommBank&#8221; title_text=&#8221;CommBank-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;NAB&#8221; title_text=&#8221;NAB-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;Westpac&#8221; title_text=&#8221;Westpac-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>No<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;1em||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;24px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Plans to exit thermal coal by 2030?<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/ANZ-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;ANZ&#8221; title_text=&#8221;ANZ-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Yes<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/CommBank-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;CommBank&#8221; title_text=&#8221;CommBank-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Yes<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;5px||4px||false|false&#8221; custom_css_main_element=&#8221;display: flex;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/NAB-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;NAB&#8221; title_text=&#8221;NAB-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.17.4&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Yes*<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2016\/12\/Westpac-Logo-Scribble-150&#215;150.png&#8221; alt=&#8221;Westpac&#8221; title_text=&#8221;Westpac-Logo-Scribble-150&#215;150&#8243; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Yes<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><em>The data in this report covers the timeframe 1 Jan 2016 \u2013 31 Dec 2020<\/em><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><em>*NAB updated its thermal coal policy in November 2021.<\/em><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||1em||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><b>Total lending to fossil fuels since Jan 2016<\/b><\/h3>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<div class=\"wdt-wrapper-chart-loader\" data-id=\"48\"\n     style=\"height: 400px;\">\n    <div class=\"wdt-main-item\">\n                <div class=\"wdt-chart-animated-background\" style=\"height: 100px\">\n            <div class=\"wdt-background-masker wdt-btn-divide-left wdt-chart-one\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-2\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-3\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-4 wdt-chart-three\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-5\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-6\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-7 \"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-8\"><\/div>\n        <\/div>\n        <div class=\"wdt-chart-animated-background\" style=\"height: 100px\">\n            <div class=\"wdt-background-masker wdt-btn-divide-left\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-2 wdt-chart-two\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-3\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-4\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-5 wdt-chart-four\"><\/div>\n            <div 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type: \"highcharts_stacked_column_chart\",\n            title: \"Funding Climate Failure 2021 - Banks total lending to fossil fuels since January 2016\",\n            container: \"wpDataChart_48\",\n            follow_filtering: 0,\n            wpdatatable_id: 98,\n            group_chart: 0        }\n    <\/script>\n\n    <div id=\"wpDataChart_48\" class=\"highcharts_stacked_column_chart\" style=\"width: 100%\"><\/div>\n[\/et_pb_code][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><em>The data in this report covers the timeframe 1 Jan 2016 \u2013 31 Dec 2020<\/em><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||1em||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><b>1.5\u00b0C and net zero require the rapid decline of fossil fuels<\/b><\/h3>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;3_5,2_5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;3_5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">The Paris Agreement\u2019s 1.5\u00b0C warming limit, and the net zero by 2050 goal supported by the big banks, have major implications for the world\u2019s energy system. These implications must be reflected in the financing decisions of our major banks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In May 2021, the International Energy Agency (IEA) gave us the best insight yet of the rapid energy transition required to achieve net zero emissions by 2050. <\/span><b>The conclusion is clear: there is no room for new or expanded coal, oil and gas projects.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Although the IEA sees \u201chuge declines in the use of coal, oil and gas\u201d in its net zero by 2050 scenario, limiting warming to 1.5\u00b0C means these declines must be even steeper. This is because recent <\/span><a href=\"https:\/\/theconversation.com\/new-research-suggests-1-5c-climate-target-will-be-out-of-reach-without-greener-covid-19-recovery-plans-151527\"><span style=\"font-weight: 400;\">analysis<\/span><\/a><span style=\"font-weight: 400;\"> shows we must achieve net zero sooner than 2050 to avoid exceeding this limit.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The declining role of fossil fuels necessary to cap warming at 1.5\u00b0C is modelled by the Intergovernmental Panel on Climate Change (IPCC). The model finds the role of gas must decline 25% by 2030 and 74% by 2050, while oil must decline 37% by 2030 and 87% by 2050 (relative to a 2010 baseline). Meanwhile, energy from coal must decline 78% by 2030 and 97% by 2050.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Clearly our banks must immediately stop funding companies and projects expanding the fossil fuel industry, and align their finance with 1.5\u00b0C (and net zero by 2050 as a minimum interim step), if their own commitments to support the Paris Agreement are to be taken seriously.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;2_5&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;18px&#8221; custom_padding=&#8221;||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<blockquote style=\"border-color: #903e4c; font-size: 1em; font-style: italic;\">\n<p><span style=\"font-weight: 400;\">\u201cThere are no new oil and gas fields approved for development in our [Net Zero Emissions by 2050] pathway, and no new coal mines or mine extensions are required.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cNet zero means huge declines in the use of coal, oil and gas.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; International Energy Agency (IEA), May 2021<\/span><\/p>\n<\/blockquote>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;18px&#8221; custom_padding=&#8221;||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<blockquote style=\"border-color: #903e4c; font-size: 1em; font-style: italic;\">\n<p><span style=\"font-weight: 400;\">\u201cWe have no room to build anything that emits CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> emissions.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Fatih Birol, Executive Director, International Energy Agency (IEA), November 2018<\/span><\/p>\n<\/blockquote>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_id=&#8221;funding-australias-most-climate-wrecking-companies&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><b>Funding Australia\u2019s most climate-wrecking companies<\/b><\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Despite their climate promises, and the rapid decline of fossil fuels necessary to achieve the Paris Agreement and net zero by 2050, since 2016 Australia\u2019s major banks have loaned <\/span><b>$9.3 billion to 17 of the 23 major Australian fossil fuel <\/b><a href=\"https:\/\/www.marketforces.org.au\/campaigns\/super\/outofline\/\" target=\"_blank\" rel=\"noopener\"><b>companies pursuing plans consistent with the failure of the Paris Agreement<\/b><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These 23 companies are undermining climate action by:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Expanding the scale of the fossil fuel sector; and\/or<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Relying on scenarios consistent with the failure of the Paris Agreement to justify their future business prospects.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Worse still, both ANZ and CommBank have policies that reward these companies, allowing the banks to continue them until at least 2025!<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_toggle title=&#8221;Lending to companies out of line with the Paris Agreement since Jan 2016&#8243; icon_color=&#8221; #903e4c&#8221; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;20px&#8221; open_icon_color=&#8221; #903e4c&#8221; open_use_icon_font_size=&#8221;on&#8221; 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data-row-index=\"9\">\n                            <td style=\"\">10<\/td>\n                            <td style=\"\">Santos<\/td>\n                            <td style=\"\">ANZ, CommBank, NAB, Westpac<\/td>\n                    <\/tr>\n            <\/tbody>        <!-- \/Table body -->\n\n        <!-- Table footer -->\n        \n        <!-- \/Table footer -->\n    <\/table>\n\n<\/div><style>\nbutton.button.btn.wdt-clear-filters-button {\n\tbackground: #ffffff;\n\tborder-style: solid;\n\tborder-width: 2px;\n\tborder-color: #903e4c;\n\ttext-shadow: 0px 0px;\n}\n\ndiv.wpDataTables.wpDataTablesFilter.wpDataTablesWrapper.data-t {\n\tmargin-bottom: 0px;\n}\n\ndiv.wpDataTableFilterSection {\n\tmargin-bottom: 0px !important;\n}table.wpDataTable td.numdata { text-align: right !important; }\n<\/style>\n<style>\n            \/* th background color *\/\n    .wpdt-c.wpDataTablesWrapper table.wpdtSimpleTable.bt[data-has-header='1'] td.wpdt-header-classes,\n    .wpdt-c.wpDataTablesWrapper 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                                    \/* table font size *\/\n    .wpdt-c.wpDataTablesWrapper table.wpdtSimpleTable,\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable {\n        font-size: 14px !important;\n    }\n\n            \n                <\/style>\n<style>\n<\/style>\n<style>\n                            \n                                        \n                    \n<\/style>\n\n<p>[\/et_pb_toggle][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Four belligerent climate pariahs<\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">As detailed below, some of the most community- and climate-destructive companies are<\/span><b> Whitehaven Coal<\/b><span style=\"font-weight: 400;\">, <\/span><b>New Hope<\/b><span style=\"font-weight: 400;\">, <\/span><b>Woodside<\/b><span style=\"font-weight: 400;\"> and <\/span><b>Santos<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The major banks have loaned a combined $2.8 billion to these climate-wrecking companies since 2016. <\/span><b>ANZ<\/b><span style=\"font-weight: 400;\"> is leading the charge, having loaned $952 million across all four companies, followed closely by CommBank with $944 million across Santos and Woodside, while NAB and Westpac loaned approximately $450 million each across three companies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Learn more about each of these four climate-wrecking companies, and the banks\u2019 recent funding for them, below:<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4>Whitehaven Coal<\/h4>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;2_3,1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Whitehaven Coal is the biggest pure play coal miner on the Australian share market and is planning to spend almost $2 billion on three proposed climate-wrecking coal mines and expansions: Vickery, Narrabri Stage 3 and Winchester South. Over their lifetimes these three mines would unleash almost <\/span><b>1.1 billion tonnes of carbon emissions<\/b><span style=\"font-weight: 400;\">, the equivalent of almost twice Australia\u2019s annual emissions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the last five years Whitehaven has more than doubled its production and these new mines would see Whitehaven producing around twice as much coal as it does today well into the 2040s. To justify these dirty coal expansions, Whitehaven regularly refers to coal demand scenarios that rely on the failure of the Paris Agreement and are consistent with around 3\u00baC of global warming by 2100.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CommBank and ANZ have ceased participation in key funding deals for the company in recent years, while <\/span><b>NAB<\/b><span style=\"font-weight: 400;\"> and <\/span><b>Westpac<\/b><span style=\"font-weight: 400;\"> loaned Whitehaven a combined $220 million as recently as February 2020.<\/span><\/p>\n<p><strong>Destroying the environment and breaking laws<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Farmers near the Maules Creek coal mine are deeply concerned that Whitehaven\u2019s water use is drying out streams and bores. Local farmers have been repeatedly outbid on <\/span><a href=\"https:\/\/www.theland.com.au\/story\/5931279\/water-war-mines-beat-farms-at-water-auction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">water licences<\/span><\/a><span style=\"font-weight: 400;\"> with Whitehaven paying five times the market value at times for water. In April 2021, Whitehaven <\/span><a href=\"https:\/\/www.lockthegate.org.au\/whitehaven_pleads_guilty_to_stealing_one_billion_litres_of_water_during_drought\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">pleaded guilty<\/span><\/a><span style=\"font-weight: 400;\"> to taking one billion litres of water during a severe drought in New South Wales.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is not the first time Whitehaven has broken the law. The company\u2019s mines are renowned for a litany of environmental breaches, many of which Whitehaven <\/span><a href=\"https:\/\/www.abc.net.au\/news\/2017-08-04\/whitehaven-coal-environment-licence-breaches-raise-concerns\/8771156\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">sought to keep secret<\/span><\/a><span style=\"font-weight: 400;\">. The incidents range in severity but many involve breaches of conditions that are imposed to protect communities and the environment from the impacts of mining. In August 2021, Whitehaven was <\/span><a href=\"https:\/\/www.smh.com.au\/environment\/sustainability\/whitehaven-slapped-with-372-500-in-fines-for-breaches-of-licence-20210813-p58ile.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">fined $372,500<\/span><\/a><span style=\"font-weight: 400;\"> for 19 breaches of its licence, including failures to rehabilitate drill sites and drilling bores that did not meet approval conditions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Learn more and take action on Whitehaven <\/span><a href=\"https:\/\/www.marketforces.org.au\/campaigns\/companies\/whitehaven-coal\/\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/08\/Google-Earth-Narrabri-coal-mine.jpg&#8221; alt=&#8221;Whitehaven&#8217;s Narrabri coal mine &#8211; image credit: Google Earth&#8221; title_text=&#8221;Whitehaven&#8217;s Narrabri coal mine &#8211; image credit: Google Earth&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;0.8em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><em>Whitehaven Coal\u2019s Narrabri Mine. Credit: Maps data: Google, C 12\/8\/18 CNES \/ Airbus<\/em><\/p>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/yGnfZc5FuAk\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>[\/et_pb_code][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;0.8em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">Video: \u2018Whitehaven Coal can\u2019t be trusted\u2019, Lock the Gate Alliance<\/span><\/i><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4>New Hope Corporation<\/h4>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;2_3,1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">New Hope is one of the biggest pure play coal miners on the Australian share market and its proposed New Acland Stage 3 coal mining project is one of Australia\u2019s most contentious.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The $900 million New Acland Stage 3 mine would involve three vast new coal pits dug on the prime agricultural land of Queensland\u2019s Darling Downs. If approved, New Acland Stage 3 is expected to produce 80.4 million \u2018product tonnes\u2019 of coal, and extend the mine\u2019s production life by 12 years. If all this coal were combusted, it would release another 174 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> into our atmosphere, equivalent to nearly double Australia\u2019s targeted cumulative emissions reduction (2021-2030).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, New Hope is continuing to invest in exploration activities across other coal developments. The coal mining corporation has assessed 231 million tonnes of marketable reserves for its Lenton, Elimatta and Taroom coal tenements.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To justify its business plans, New Hope refers to coal demand scenarios consistent with 3\u00baC to 6\u00baC of global warming, and the failure of the Paris Agreement. In July 2021, Market Forces\u2019 lawyers <\/span><a href=\"https:\/\/www.theguardian.com\/australia-news\/2021\/jul\/21\/new-hope-mining-company-referred-to-asic-accused-of-misleading-investors-over-future-of-coal\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">wrote to ASIC<\/span><\/a><span style=\"font-weight: 400;\">, asking the regulator to investigate whether New Hope has misled investors by claiming that coal would \u201cremain a significant part of the energy mix\u201d.<\/span><\/p>\n<p><strong>Coal mining spells legal trouble<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">New Hope\u2019s existing New Acland mine is <\/span><a href=\"https:\/\/www.abc.net.au\/news\/2020-06-18\/new-acland-coal-investigated-after-allegations-of-illegal-mining\/12360064\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">under investigation<\/span><\/a><span style=\"font-weight: 400;\"> by state government regulators after allegedly unlawfully mining $500 million of coal. Previously, New Hope has been fined by the Queensland government for drilling <\/span><a href=\"https:\/\/www.theguardian.com\/environment\/2019\/jul\/30\/new-acland-coalmine-caught-drilling-illegally-at-27-sites-and-fined-just-3152\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">illegal water bores<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.theguardian.com\/environment\/2020\/jun\/24\/queensland-new-acland-coalmine-fined-just-9461-for-34-separate-noise-violations\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">violating noise conditions<\/span><\/a><span style=\"font-weight: 400;\"> at the mine site.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In February 2021, the Oakey Coal Action Alliance (OCAA)\u2014which represents 60 local landholders\u2014<\/span><a href=\"https:\/\/www.abc.net.au\/news\/2021-02-03\/new-acland-coal-mine-high-court-decision\/12735018\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">won its High Court appeal<\/span><\/a><span style=\"font-weight: 400;\"> against New Acland Stage 3. The High Court found original decisions recommending approval of the mine had been the subject of \u201capprehended bias\u201d. The Court\u2019s decision means a further assessment of New Acland Stage 3 will be conducted by the Land Court. The first Land Court hearing in 2016 took almost 100 sitting days, the longest trial in the Court\u2019s 120 year history.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/Climate-danger-New-Hope.png&#8221; alt=&#8221;Climate danger &#8211; New Hope&#8221; title_text=&#8221;Climate danger &#8211; New Hope &#8211; Funding Climate Failure 2021&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_code _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<blockquote class=\"twitter-tweet\"><pee lang=\"en\" dir=\"ltr\">On behalf of <a href=\"https:\/\/twitter.com\/market_forces?ref_src=twsrc%5Etfw\">@Market_Forces<\/a>, <a href=\"https:\/\/twitter.com\/EDOLawyers?ref_src=twsrc%5Etfw\">@EDOLawyers<\/a> wrote to <a href=\"https:\/\/twitter.com\/asicmedia?ref_src=twsrc%5Etfw\">@ASICmedia<\/a> requesting an investigation into New Hope&#39;s potentially misleading\/deceptive statements.<!\u2013- [et_pb_br_holder] -\u2013>Make sure <a href=\"https:\/\/twitter.com\/ANZ_AU?ref_src=twsrc%5Etfw\">@ANZ_AU<\/a>, <a href=\"https:\/\/twitter.com\/macquariebank?ref_src=twsrc%5Etfw\">@macquariebank<\/a> &#038; <a href=\"https:\/\/twitter.com\/NAB?ref_src=twsrc%5Etfw\">@NAB<\/a> rule out funding companies expanding <a href=\"https:\/\/twitter.com\/hashtag\/climate?src=hash&#038;ref_src=twsrc%5Etfw\">#climate<\/a>-wrecking <a href=\"https:\/\/twitter.com\/hashtag\/coal?src=hash&#038;ref_src=twsrc%5Etfw\">#coal<\/a>!<a href=\"https:\/\/t.co\/yTJ9KKzY25\">https:\/\/t.co\/yTJ9KKzY25<\/a><\/pee>\u2014 Market Forces (@market_forces) <a href=\"https:\/\/twitter.com\/market_forces\/status\/1417741190300987393?ref_src=twsrc%5Etfw\">July 21, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>[\/et_pb_code][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4>Santos<\/h4>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;2_3,1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Santos\u2019 business plans are wildly inconsistent with the Paris Agreement. While <\/span><a href=\"https:\/\/productiongap.org\/wp-content\/uploads\/2020\/12\/PGR2020_FullRprt_web.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">analysis<\/span><\/a><span style=\"font-weight: 400;\"> finds meeting the 1.5\u00b0C limit means oil and gas production must fall by 4% and 3% respectively annually from 2020 to 2030, Santos <\/span><a href=\"https:\/\/www.santos.com\/wp-content\/uploads\/2020\/12\/2020-Investor-Day-FINAL.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">plans<\/span><\/a><span style=\"font-weight: 400;\"> to <\/span><i><span style=\"font-weight: 400;\">increase<\/span><\/i><span style=\"font-weight: 400;\"> production by 9% each year over a similar time frame.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These plans include spending US$4.5 billion on oil and gas growth projects over the next five years. In support of these plans, Santos cites a global LNG forecast where (in 2035) demand is 19% above that projected in a 2.7\u00b0C warming scenario (the International Energy Agency\u2019s STEPS).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At Santos\u2019 2021 AGM, shareholders with $1.2 billion of Santos stock <\/span><a href=\"https:\/\/www.marketforces.org.au\/13-of-santos-shareholders-demand-plan-to-wind-up-oil-and-gas-production\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">voted<\/span><\/a><span style=\"font-weight: 400;\"> in favour of a Market Forces-supported resolution calling on the company to wind up oil and gas production assets in line with the Paris Agreement.<\/span><\/p>\n<p><strong>Polluting projects<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">In November 2020, <\/span><b>ANZ<\/b><span style=\"font-weight: 400;\">, <\/span><b>NAB<\/b><span style=\"font-weight: 400;\">, <\/span><b>CommBank<\/b><span style=\"font-weight: 400;\"> and <\/span><b>Westpac<\/b><span style=\"font-weight: 400;\"> loaned Santos a combined $244 million for the acquisition of oil and gas assets including the Barossa offshore gas field 300 kilometres north of Darwin. Just four months later, Santos made a \u2018final investment decision\u2019 to proceed with the Barossa gas project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over its lifetime, the Barossa gas project would enable the release of <\/span><b>401 million tonnes of CO<\/b><b>2<\/b><span style=\"font-weight: 400;\">, equivalent to 80% of Australia\u2019s total greenhouse gas emissions in 2020. According to chemical engineer and industrial economist <\/span><a href=\"https:\/\/www.abc.net.au\/news\/rural\/2021-06-24\/santos-barossa-gas-carbon-emssions-twiggy-forrest\/100224254\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">John Robert<\/span><\/a><span style=\"font-weight: 400;\">, the Barossa project is \u201ca carbon-dioxide emissions factory, with an LNG by-product\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Santos is also pursuing the highly opposed Narrabri Gas Project in NSW, which former Australian Chief Scientist Professor Penny Sackett <\/span><a href=\"https:\/\/www.smh.com.au\/environment\/climate-change\/narrabri-gas-project-should-be-blocked-says-ex-chief-scientist-20200809-p55k20.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">argues<\/span><\/a><span style=\"font-weight: 400;\"> should be blocked on climate grounds, and approval for which has been <\/span><a href=\"https:\/\/www.abc.net.au\/news\/2021-08-31\/appeal-underway-into-approval-of-narrabri-gas-project\/100420918\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">appealed<\/span><\/a><span style=\"font-weight: 400;\"> in the Land and Environment Court of New South Wales.<\/span><\/p>\n<p><strong>Narrabri Gas Project risks community and heritage<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Aside from climate impacts, <\/span><a href=\"https:\/\/www.csgfreenorthwest.org.au\/eis_expert_reviews_2\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">expert reviews<\/span><\/a><span style=\"font-weight: 400;\"> of the Narrabri Gas Project\u2019s Environmental Impact Statement have identified a variety of potential impacts on Aboriginal cultural heritage, water, and wildlife, as well as economic and social impacts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Members of the Gomeroi Nation, the Traditional Owners of the Narrabri region, <\/span><a href=\"https:\/\/au.sports.yahoo.com\/cultural-site-be-destroyed-gas-project-indigenous-fears-223730349.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">fear the project would destroy sacred sites<\/span><\/a><span style=\"font-weight: 400;\"> including the Great Artesian Basin. These concerns, among others, have compelled Traditional Owners and supporters to <\/span><a href=\"https:\/\/www.theguardian.com\/australia-news\/2020\/dec\/03\/hundreds-rally-in-australian-capital-cities-against-the-36bn-narrabri-gas-project\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">gather<\/span><\/a><span style=\"font-weight: 400;\"> in the hundreds across capital cities to protest the project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With so many risks involved, it\u2019s no wonder the project is so highly opposed. The NSW Department of Planning and Environment received 23,000 submissions in response to the project\u2019s Environmental Impact Statement, stating \u201dthis is the most submissions the Department has ever received on a development application\u201d. 98% of total and 64% of local submissions opposed the project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In May 2021 Market Forces supported the North West Alliance, an affiliation of 40 groups across north west NSW, to place <\/span><a href=\"https:\/\/www.marketforces.org.au\/communities-in-north-west-nsw-tell-nab-stop-funding-expansion-of-gas-industry\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">a full page message<\/span><\/a><span style=\"font-weight: 400;\"> in <\/span><i><span style=\"font-weight: 400;\">The Australian Financial Review<\/span><\/i><span style=\"font-weight: 400;\"> drawing attention to these impacts and calling on NAB to cease funding companies like Santos.<\/span><\/p>\n<p><strong>Santos faces lawsuit<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">In August 2021, Santos was hit with a <\/span><a href=\"https:\/\/www.accr.org.au\/news\/australasian-centre-for-corporate-responsibility-files-landmark-case-against-santos-in-federal-court\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">lawsuit<\/span><\/a><span style=\"font-weight: 400;\"> filed by The Australasian Centre for Corporate Responsibility (ACCR) alleging the company&#8217;s statements about gas being &#8220;clean&#8221; and having a clear pathway to net zero by 2040 were deceptive.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/05\/DSC09945-square-scaled.jpg&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;0.8em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">A <\/span><\/i><a href=\"https:\/\/www.marketforces.org.au\/communities-in-north-west-nsw-tell-nab-stop-funding-expansion-of-gas-industry\/\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">message<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> to NAB from communities opposing Santos\u2019 Narrabri Gas Project.<\/span><\/i><\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/Climate-danger-Santos.png&#8221; alt=&#8221;Climate danger &#8211; Santos&#8221; title_text=&#8221;Climate danger &#8211; Santos &#8211; Funding Climate Failure 2021&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;1em||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<blockquote style=\"border-color: #903e4c; font-size: 1em; font-style: italic;\">\n<p><span style=\"font-weight: 400;\">\u201cOur Artesian is not up for sale and neither are we.\u201d<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; <\/span><a href=\"https:\/\/au.sports.yahoo.com\/cultural-site-be-destroyed-gas-project-indigenous-fears-223730349.html\"><span style=\"font-weight: 400;\">Gomeroi elder Polly Cutmore<\/span><\/a><\/p>\n<\/blockquote>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<blockquote class=\"twitter-tweet\"><pee lang=\"en\" dir=\"ltr\">Gomeroi people are in Brisbane at the Santos office saying NO to the Narrabri gas project! #frackoffsantos#narrabri <a href=\"https:\/\/t.co\/pJFSuamIhB\">pic.twitter.com\/pJFSuamIhB<\/a><\/pee>\u2014 Lock the Gate (@LockTheGate) <a href=\"https:\/\/twitter.com\/LockTheGate\/status\/1334381207082045442?ref_src=twsrc%5Etfw\">December 3, 2020<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>[\/et_pb_code][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4>Woodside<\/h4>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;2_3,1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Woodside is Australia\u2019s largest producer of climate-wrecking gas, and its plans to grow this business even further are entirely inconsistent with the <\/span><a href=\"https:\/\/productiongap.org\/wp-content\/uploads\/2020\/12\/PGR2020_FullRprt_web.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">3% annual decline<\/span><\/a><span style=\"font-weight: 400;\"> (between 2020 and 2030) in gas production required to limit warming to 1.5\u00b0C.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Woodside plans to <\/span><a href=\"https:\/\/www.marketforces.org.au\/woodside-faces-shareholder-and-community-opposition-to-gas-expansion\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">further increase<\/span><\/a><span style=\"font-weight: 400;\"> gas production to 70% above 2019 levels by 2028. Woodside also cites a global LNG forecast showing demand growth of 4% each year to 2035, more than projected in a scenario where global warming increases by 2.7\u00b0C.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At Woodside\u2019s 2021 AGM, shareholders with $2.3 billion of Woodside stock <\/span><a href=\"https:\/\/www.marketforces.org.au\/woodside-faces-shareholder-and-community-opposition-to-gas-expansion\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">voted<\/span><\/a><span style=\"font-weight: 400;\"> in favour of a Market Forces-supported resolution calling on the company to wind up oil and gas production assets in line with the Paris Agreement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yet this belligerent company remains intent on becoming a fossil fuel behemoth. In August 2021, Woodside announced <\/span><a href=\"https:\/\/www.marketforces.org.au\/bhp-lets-woodside-go-all-in-on-climate-destruction\/\"><span style=\"font-weight: 400;\">plans<\/span><\/a><span style=\"font-weight: 400;\"> to take over BHP\u2019s entire petroleum business, which would roughly double Woodside\u2019s oil and gas production capacity and make it a global top 10 independent oil and gas company.<\/span><\/p>\n<p><strong>Culture- and climate-wrecking projects<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">In October 2019, <\/span><b>ANZ<\/b><span style=\"font-weight: 400;\"> and <\/span><b>Westpac<\/b><span style=\"font-weight: 400;\"> loaned Woodside a combined $258 million, which supported its planned expansion of projects including Pluto LNG Train 2 (or \u2018Pluto 2\u2019). In the same year, <\/span><b>CommBank<\/b><span style=\"font-weight: 400;\"> funded an accommodation facility supporting Woodside\u2019s projects including Pluto LNG.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pluto LNG is part of Woodside\u2019s proposed LNG mega-project known as the \u2018Burrup Hub\u2019, which has been labelled one of <\/span><a href=\"https:\/\/reclaimfinance.org\/site\/en\/2020\/12\/09\/five-years-lost\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">12 global \u2018carbon bombs\u2019<\/span><\/a><span style=\"font-weight: 400;\"> jeopardising the goals of the Paris Agreement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Woodside\u2019s Burrup Hub project would result in the emissions equivalent of 15 coal power stations running for 30 years, threaten to accelerate degradation of the Murujuga Rock art (proposed for World Heritage listing) due to industrial emissions, and would also cause significant impacts to the local marine environment.<\/span><\/p>\n<p><strong>Legal challenge underway<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Legal experts will challenge changes to the approvals for the Burrup Hub in Western Australia\u2019s Supreme Court, <\/span><a href=\"https:\/\/www.edo.org.au\/2020\/12\/21\/supreme-court-challenge-over-australias-biggest-gas-project\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">arguing<\/span><\/a><span style=\"font-weight: 400;\"> \u201cthe WA state government unlawfully approved these changes without a full assessment, leaving Australians in the dark about potentially devastating impacts on our climate, communities, coral reefs, and native species\u201d.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/Climate-danger-Woodside.png&#8221; title_text=&#8221;Climate danger &#8211; Woodside&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_code _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<blockquote class=\"twitter-tweet\"><pee lang=\"en\" dir=\"ltr\">\u201cWoodside and Santos are the largest gas company donors to Australia\u2019s major political parties since FY15, donating $1,669,317 and $869,849 respectively, according to analysis by Market Forces\u201d <a href=\"https:\/\/t.co\/mRdQ7hOAp2\">https:\/\/t.co\/mRdQ7hOAp2<\/a><!\u2013- [et_pb_br_holder] -\u2013><!\u2013- [et_pb_br_holder] -\u2013>Why did the govt commit to \u2018fast track\u2019 their gas projects?\ud83e\udd14<\/pee>\u2014 Market Forces (@market_forces) <a href=\"https:\/\/twitter.com\/market_forces\/status\/1370524411812474881?ref_src=twsrc%5Etfw\">March 12, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_id=&#8221;big-banks-make-a-mockery-of-climate-commitments&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><b>Big banks make a mockery of climate commitments by funding new fossil fuels<\/b><\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">The big banks\u2019 continued financing of new fossil fuel projects flouts their climate commitments. Below are some examples of their lending since 2016, just after the Paris Agreement was signed, all of them blatantly inconsistent with 1.5\u00b0C and several with the goal of net zero emissions by 2050.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||1em||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4><b>Barossa gas project<\/b><\/h4>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">In November 2020, ANZ, NAB, CommBank and Westpac loaned Santos a combined $244 million for the acquisition of oil and gas assets including the Barossa offshore gas field 300km north of Darwin. Just four months later, Santos made a \u2018final investment decision\u2019 to proceed with the Barossa gas project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given the IEA\u2019s finding that net zero by 2050 means \u201cno new oil and gas fields\u201d, the major banks\u2019 funding of projects like Barossa is clearly inconsistent with their commitment to net zero.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Barossa gas project would produce 3.7 million tonnes of LNG each year for 25 years, during which time it would enable the release of <\/span><b>401 million tonnes of CO<\/b><b>2<\/b><span style=\"font-weight: 400;\">, equivalent to 80% of Australia\u2019s total greenhouse gas emissions in 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Chemical engineer and industrial economist John Robert has <\/span><a href=\"https:\/\/www.abc.net.au\/news\/rural\/2021-06-24\/santos-barossa-gas-carbon-emssions-twiggy-forrest\/100224254\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">labelled<\/span><\/a><span style=\"font-weight: 400;\"> the Barossa project \u201ca carbon-dioxide emissions factory, with an LNG by-product\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In August 2021, Santos was hit with a <\/span><a href=\"https:\/\/www.accr.org.au\/news\/australasian-centre-for-corporate-responsibility-files-landmark-case-against-santos-in-federal-court\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">lawsuit<\/span><\/a><span style=\"font-weight: 400;\"> filed by The Australasian Centre for Corporate Responsibility (ACCR) alleging the company&#8217;s statements about gas being &#8220;clean&#8221; and having a clear pathway to net zero by 2040 were deceptive.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/Ken-Hodge-Darwin-LNG-gas-flare.jpg&#8221; alt=&#8221;Darwin LNG gas flare credit Ken Hodge &#8221; title_text=&#8221;Darwin LNG gas flare credit Ken Hodge &#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;0.8em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">Infrastructure at the Darwin LNG facility, where Barossa gas would be processed. Credit: <\/span><\/i><a href=\"https:\/\/www.flickr.com\/photos\/40132991@N07\/25734427783\/in\/photostream\/\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">Ken Hodge<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">.<\/span><\/i><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_code _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/D3R5Uy5O_Ds\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>[\/et_pb_code][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;0.8em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">Trailer for \u2018Invasion\u2019, a film documenting Traditional Owner resistance to colonial violence and environmental destruction, including the Coastal Gaslink Pipeline funded by NAB.<\/span><\/i><\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/Sulakshana-RAN-Hands-Off-Photo-February-2020.jpg&#8221; alt=&#8221;Activists with 350 Seattle and Protectors of the Salish Sea protest the funding of Coastal GasLink and other fossil fuel projects on 19 Feb 2020. Credit: Sulakshana \/ RAN.&#8221; title_text=&#8221;Sulakshana &#8211; RAN &#8211; Hands Off Photo &#8211; February 2020&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;0.8em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">Activists with 350 Seattle and Protectors of the Salish Sea protest the funding of Coastal GasLink and other fossil fuel projects on 19 Feb 2020. Credit: <\/span><\/i><a href=\"https:\/\/www.ran.org\/the-understory\/2020-update-whos-banking-the-coastal-gaslink-pipeline\/\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">Sulakshana \/ RAN<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">.<\/span><\/i><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||1em||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4><b>Coastal Gaslink pipeline<\/b><\/h4>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Funded by NAB in May 2020, the 670km Coastal GasLink Pipeline in Canada would transport 2.1 billion cubic feet (bcf) per day of climate-wrecking gas, with the potential to expand to 5 bcf.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Based on conservative estimates, the pipeline would enable the release of 610 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> over its lifetime, more than 80% of Canada\u2019s national emissions for the calendar year 2020 (730 Mt CO2-e).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The hereditary chiefs of the Wet\u2019suwet\u2019en Nation, the Traditional Owners of the land on which the pipeline is proposed, fiercely <\/span><a href=\"https:\/\/www.aljazeera.com\/news\/2020\/3\/1\/understanding-the-wetsuweten-struggle-in-canada\"><span style=\"font-weight: 400;\">oppose<\/span><\/a><span style=\"font-weight: 400;\"> the project and have not provided their free, prior and informed consent. According to the <\/span><a href=\"http:\/\/unistoten.camp\/supportertoolkit2020\/\"><span style=\"font-weight: 400;\">Unist\u2019ot\u2019en<\/span><\/a><span style=\"font-weight: 400;\">, one of 13 hereditary house groups under the Wet\u2019suwet\u2019en Nation:<\/span><\/p>\n<blockquote><\/blockquote>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;18px&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<blockquote style=\"border-color: #903e4c; font-size: 1em; font-style: italic;\">\n<p><i><span style=\"font-weight: 400;\">\u201cEach clan within the Wet\u2019suwet\u2019en Nation has full jurisdiction under their law to control access to their territory. Under \u2018Anuc niwh\u2019it\u2019en (Wet\u2019suwet\u2019en law) all five clans of the Wet\u2019suwet\u2019en have unanimously opposed all pipeline proposals and have not provided free, prior, and informed consent to Coastal Gaslink\/ TransCanada to do work on Wet\u2019suwet\u2019en lands.\u201d<\/span><\/i><\/p>\n<\/blockquote>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">At its 2020 AGM, NAB was challenged over its funding for the Coastal Gaslink Pipeline despite the lack of Traditional Owner consent. Chairman Philip Chronican shamefully admitted the bank is \u201c<a href=\"https:\/\/www.youtube.com\/embed\/UPpkZxu0eYs\" target=\"_blank\" rel=\"noopener\">not necessarily privy to<\/a>\u201d issues facing the projects it funds, implying NAB doesn\u2019t fully assess the environmental, social and governance risks of its investments.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||1em||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4><b>Cambo oil field<\/b><\/h4>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">CommBank has funded Siccar Point Energy, the company behind the proposed Cambo Oil Field, situated north-west of the Shetland Islands offshore UK, on numerous occasions since at least 2016. In 2018, Siccar stated the lending positioned it \u201cextremely well\u201d to deliver projects including Cambo, and made a similar statement when CommBank further extended that loan in 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first phase of Cambo targets 170 million barrels of oil from 2025 until 2050, well beyond the point when the IEA concludes all new oil fields must be abandoned to achieve net zero by 2050.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first phase oil from Cambo is sufficient to enable the release of 65 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">, 30% more than was emitted from all UK-based power stations in 2020. Further phases of production planned beyond the first, with Siccar stating \u201cthe field contains over 800 million barrels of oil in place\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Greenpeace has proceeded with <\/span><a href=\"https:\/\/www.thenational.scot\/news\/19548378.greenpeace-take-uk-government-court-aberdeen-bp-oil-permit-decision\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">legal action<\/span><\/a><span style=\"font-weight: 400;\"> against the UK Government, in Scotland\u2019s highest civil court, calling for key decisions regarding Cambo to be overturned and for the revocation of drilling permits.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/Jessica-Kleczka-FoE-Scotland-Stop-Cambo-Rally-July-2021.jpg&#8221; alt=&#8221;Rally after the occupation of a UK Government building in Edinburgh to protest the proposed Cambo oil field. Credit: Jessica Kleczka.&#8221; title_text=&#8221;Jessica Kleczka &#8211; FoE Scotland &#8211; Stop Cambo Rally July 2021&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;0.8em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">Rally after the occupation of a UK Government building in Edinburgh to protest the proposed Cambo oil field. Credit: <\/span><\/i><a href=\"https:\/\/www.flickr.com\/photos\/friendsoftheearthscotland\/51326280743\/\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">Jessica Kleczka<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">.<\/span><\/i><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2020\/06\/New-Acland-coal-mine-QLD-Credit-Lock-the-Gate-Alliance.jpg&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;0.8em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">New Acland coal mine, south-east Queensland. Credit: <\/span><\/i><a href=\"https:\/\/www.flickr.com\/photos\/lockthegatealliance\/26145933270\/in\/album-72157667015103041\/\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">Lock the Gate Alliance<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> (CC BY 2.0)<\/span><\/i><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||1em||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4><b>New Acland Stage 3 coal mine<\/b><\/h4>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">In December 2018, ANZ and NAB were among lenders that provided $600 million to New Hope for purposes including the proposed New Acland Stage 3 coal mine on prime agricultural land in Queensland\u2019s Darling Downs. The deal was shrouded in secrecy, as New Hope\u2019s CEO declined to publicly identify the lenders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This project involves three new mine pits which New Hope expects would produce 80.4 million \u2018product tonnes\u2019 of coal. The project directly contradicts the IEA\u2019s conclusion that net zero by 2050 means \u201cno new coal mines or mine extensions\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In February 2021, the Oakey Coal Action Alliance (OCAA) representing 60 landholders, won a High Court challenge resulting in New Acland Stage 3 being knocked back for a fresh hearing by Queensland\u2019s Land Court. The first Land Court hearing in 2016 took almost 100 sitting days, the longest trial in the Court\u2019s 120 year history.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s unclear how NAB squares its funding for New Acland Stage 3 with its commitment to no longer finance new thermal coal mines or extensions.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||1em||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4><b>Pluto 2 (part of the \u2018Burrup Hub\u2019)<\/b><\/h4>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">In 2019 ANZ and Westpac each made loans supporting Pluto LNG train 2 (Pluto 2), a project being pursued by Australia\u2019s largest oil &amp; gas company Woodside Energy. In the same year, CommBank funded an accommodation facility supporting Woodside\u2019s LNG projects including Pluto.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This gas processing facility would liquefy up to 5 million tonnes of gas each year for export overseas, despite the IEA\u2019s conclusion that net zero emissions by 2050 means \u201cmany of the liquefied natural gas (LNG) liquefaction facilities currently under construction or at the planning stage\u201d are \u201cnot needed\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pluto LNG is part of Woodside\u2019s proposed LNG mega-project known as the \u2018Burrup Hub\u2019, which has been labelled one of <\/span><a href=\"https:\/\/reclaimfinance.org\/site\/en\/2020\/12\/09\/five-years-lost\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">12 global \u2018carbon bombs\u2019<\/span><\/a><span style=\"font-weight: 400;\"> jeopardising the goals of the Paris Agreement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Woodside\u2019s Burrup Hub project would result in the emissions equivalent of 15 coal power stations running for 30 years, threaten to accelerate degradation of the Murujuga Rock art (proposed for World Heritage listing) due to industrial emissions, and would also cause significant impacts to the local marine environment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Legal experts will challenge changes to the approvals for the Burrup Hub in Western Australia\u2019s Supreme Court, <\/span><a href=\"https:\/\/www.edo.org.au\/2020\/12\/21\/supreme-court-challenge-over-australias-biggest-gas-project\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">arguing<\/span><\/a><span style=\"font-weight: 400;\"> \u201cthe WA state government unlawfully approved these changes without a full assessment, leaving Australians in the dark about potentially devastating impacts on our climate, communities, coral reefs, and native species\u201d.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2020\/03\/Burrup-Hub-project.png&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;0.8em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">Credit: <\/span><\/i><a href=\"http:\/\/www.ccwa.org.au\/burrup_hub_report\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">Clean Slate &amp; CCWA<\/span><\/i><\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/Coal-seam-gas-wells-in-Queensland-Credit-Lock-the-Gate-alliance.jpg&#8221; alt=&#8221;Coal seam gas wells in Queensland. The Tipton West Central Gas Processing Facility processes coal seam methane from Queensland\u2019s Surat Basin. Credit: Lock the Gate.&#8221; title_text=&#8221;Coal seam gas wells in Queensland &#8211; Credit Lock the Gate alliance&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;0.8em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">Coal seam gas wells in Queensland. The Tipton West Central Gas Processing Facility processes coal seam methane from Queensland\u2019s Surat Basin. Credit: <\/span><\/i><a href=\"https:\/\/www.flickr.com\/photos\/lockthegatealliance\/41121820544\/\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">Lock the Gate<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">.<\/span><\/i><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||1em||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4><b>Tipton West Gas Central Processing Facility expansion<\/b><\/h4>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">In March 2020, ANZ, NAB and CommBank funded the expansion of the Tipton West Gas Processing Facility near Dalby, Queensland.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The expansion of the facility is expected to more than double its original capacity to process 33 terajoules (TJ) of coal seam gas each day from Queensland\u2019s Surat basin, adding capacity of between 48-81 TJ per day.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The expansion caters for Arrow Energy\u2019s planned drilling of new gas wells in the region, with the company\u2019s former CEO Qian Mingyang stating this is \u201cexpected to involve 90 new wells in the initial phase and another 180 wells over the next 25 years\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Arrow\u2019s Tipton expansion is part of the company\u2019s much larger Surat Gas Project, which the company sanctioned on 17 April 2020. According to the Company, \u201cover the full 27 year life of the Surat Gas Project, Arrow expects to develop around 5 TCF [trillion cubic feet] of natural gas\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">5 TCF of gas would enable the release of 286 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">, equivalent to more than half of Australia\u2019s greenhouse gas emissions in 2020.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||1em||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4><b>US LNG projects<\/b><\/h4>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">CommBank and NAB have funded LNG projects in Texas to the tune of $1.1 billion, comprising the Sabine Pass, Corpus Christi and Freeport projects. Combined, these projects would have the capacity to liquefy 63.5 million tonnes of LNG each year, rivalling Australia\u2019s 87.8 million tonne capacity (Australia was the world\u2019s largest exporter of LNG in 2020).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These facilities, all located near the coast, face significant risks from sea-level rise and flooding as climate change worsens. Since at least 2018, the US oil &amp; gas industry has lobbied government to defend its assets in Texas from climate risks by seeking US$12 billion for a \u2018coastal spine\u2019 of concrete seawalls, earthen barriers, floating gates and steel levees on the Texas Gulf Coast. In February 2020, engineers were appointed to design the US$1.9 billion \u2018Orange\u2019 project intended to protect infrastructure at Sabine Pass and Freeport.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;18px&#8221; custom_padding=&#8221;||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<blockquote style=\"border-color: #903e4c; font-size: 1em; font-style: italic;\">\n<p><span style=\"font-weight: 400;\">&#8220;Also not needed are many of the liquefied natural gas (LNG) liquefaction facilities currently under construction or at the planning stage.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; \u2018Net Zero by 2050\u2019, International Energy Agency (IEA), May 2021<\/span><\/p>\n<\/blockquote>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_id=&#8221;climate-impact-of-new-fossil-fuels&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><b>Climate impact of new fossil fuels<\/b><\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">From 1 Jan 2016 to 31 Dec 2020, the big four banks loaned $7.8 billion to expansionary fossil fuel projects via 64 separate finance deals. For 50 of these deals involving big four banks lending $6.5 billion, Market Forces identified the specific fossil fuel projects funded and the resulting CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> emissions enabled by those projects.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<div class=\"wpdt-c wdt-skin-material\">\n    \n    <input type=\"hidden\" id=\"wdtNonceFrontendServerSide_102\" name=\"wdtNonceFrontendServerSide_102\" value=\"4957a95d3d\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/wp-json\/wp\/v2\/pages\/55076\" \/><input type=\"hidden\" id=\"wdtFrontendelementorNonce_102\" name=\"wdtFrontendelementorNonce_102\" value=\"b6612e92b7\" \/>    <input type=\"hidden\" id=\"table_4_desc\"\n           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A\",\"datepickFormat\":\"dd\\\/mm\\\/yy\"}'\/>\n\n    <table id=\"table_4\"\n           class=\"  responsive display nowrap wdt-no-display data-t data-t wpDataTable wpDataTableID-102 \"\n           style=\"\"\n           data-described-by='table_4_desc'\n           data-wpdatatable_id=\"102\">\n        \n        <!-- Table header -->\n        \n<thead>\n<tr>\n                    <th\n                        class=\" wdtheader sort numdata integer \"\n        style=\"\">        wdt_ID<\/th>        <th\n        data-class=\"expand\"                class=\" wdtheader sort \"\n        style=\"\">        Project name<\/th>        <th\n                data-hide=\"tablet\"        class=\"tablet wdtheader sort \"\n        style=\"\">        Location<\/th>        <th\n                        class=\" wdtheader sort \"\n        style=\"\">        Big four banks involved<\/th>        <th\n                        class=\" wdtheader sort numdata integer \"\n        style=\"\">        Lifetime CO2 emissions enabled<\/th>    <\/tr>\n<\/thead>\n        <!-- \/Table header -->\n\n        <!-- Table body -->\n        \n<tbody>\n<!-- Table body -->\n<div data-id=\"102\"\n     class=\"wdt-timeline-item wdt-timeline-table_4\"\n     style=\"\">\n    <div class=\"wdt-table-loader\">\n        <div class=\"wdt-table-loader-row wdt-table-loader-header\">\n            <div class=\"wdt-table-loader-header-cell wdt-animated-background\"><\/div>\n            <div class=\"wdt-table-loader-header-cell wdt-animated-background\"><\/div>\n            <div class=\"wdt-table-loader-header-cell wdt-animated-background\"><\/div>\n        <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n            <\/div>\n<\/div><!-- \/Table body -->\n                    <tr id=\"table_102_row_0\"\n            data-row-index=\"0\">\n                            <td style=\"\">1<\/td>\n                            <td style=\"\">Sabine Pass LNG Terminal<\/td>\n                            <td style=\"\">USA<\/td>\n                            <td style=\"\">CBA, NAB (Train 6)<\/td>\n                            <td style=\"\">1,635<\/td>\n                    <\/tr>\n                            <tr id=\"table_102_row_1\"\n            data-row-index=\"1\">\n                            <td style=\"\">2<\/td>\n                            <td style=\"\">Ichthys LNG<\/td>\n                            <td style=\"\">Australia<\/td>\n                            <td style=\"\">ANZ, WBC<\/td>\n                            <td style=\"\">1,131<\/td>\n                    <\/tr>\n                            <tr id=\"table_102_row_2\"\n            data-row-index=\"2\">\n                            <td style=\"\">3<\/td>\n                            <td style=\"\">Permian Highway Pipeline<\/td>\n                            <td style=\"\">USA<\/td>\n                            <td style=\"\">CBA<\/td>\n                            <td style=\"\">1,018<\/td>\n                    <\/tr>\n                            <tr id=\"table_102_row_3\"\n            data-row-index=\"3\">\n                            <td style=\"\">4<\/td>\n                            <td style=\"\">Johan Sverdrup offshore oil field<\/td>\n                            <td style=\"\">Norway<\/td>\n                            <td style=\"\">ANZ, CBA<\/td>\n                            <td style=\"\">966<\/td>\n                    <\/tr>\n                            <tr id=\"table_102_row_4\"\n            data-row-index=\"4\">\n                            <td style=\"\">5<\/td>\n                            <td style=\"\">Corpus Christi LNG<\/td>\n                            <td style=\"\">USA<\/td>\n                            <td style=\"\">CBA, NAB<\/td>\n                            <td style=\"\">775<\/td>\n                    <\/tr>\n                            <tr id=\"table_102_row_5\"\n            data-row-index=\"5\">\n                            <td style=\"\">6<\/td>\n                            <td style=\"\">Midship Pipeline<\/td>\n                            <td style=\"\">USA<\/td>\n                            <td style=\"\">CBA, NAB<\/td>\n                            <td style=\"\">698<\/td>\n                    <\/tr>\n                            <tr id=\"table_102_row_6\"\n            data-row-index=\"6\">\n                            <td style=\"\">7<\/td>\n                            <td style=\"\">Coastal Gaslink pipeline<\/td>\n                            <td style=\"\">Canada<\/td>\n                            <td style=\"\">NAB<\/td>\n                            <td style=\"\">610<\/td>\n                    <\/tr>\n                            <tr id=\"table_102_row_7\"\n            data-row-index=\"7\">\n                            <td style=\"\">8<\/td>\n                            <td style=\"\">Refinery and Petrochemical Integrated Development (RAPID) Complex<\/td>\n                            <td style=\"\">Malaysia<\/td>\n                            <td style=\"\">ANZ<\/td>\n                            <td style=\"\">583<\/td>\n                    <\/tr>\n                            <tr id=\"table_102_row_8\"\n            data-row-index=\"8\">\n                            <td style=\"\">9<\/td>\n                            <td style=\"\">Barossa gas project<\/td>\n                            <td style=\"\">Australia<\/td>\n                            <td style=\"\">ANZ, CBA, NAB, WBC<\/td>\n                            <td style=\"\">401<\/td>\n                    <\/tr>\n                            <tr id=\"table_102_row_9\"\n            data-row-index=\"9\">\n                            <td style=\"\">10<\/td>\n                            <td style=\"\">Elk-Antelope gas fields<\/td>\n                            <td style=\"\">PNG<\/td>\n                            <td style=\"\">ANZ, WBC<\/td>\n                            <td style=\"\">342<\/td>\n                    <\/tr>\n            <\/tbody>        <!-- \/Table body -->\n\n        <!-- Table footer -->\n        \n        <!-- \/Table footer -->\n    <\/table>\n\n<\/div><style>\n\n#table_4 > tbody > tr > td.column-lifetimeco2emissionsenabled:not(:empty):after,\n                                       \n#table_4 > tbody > tr.row-detail ul li.column-lifetimeco2emissionsenabled span.columnValue:after\n                         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background-image: none !important;\n    }\n\n                \/* th font color *\/\n    .wpdt-c.wpDataTablesWrapper table.wpdtSimpleTable.bt[data-has-header='1'] td.wpdt-header-classes,\n    .wpdt-c.wpDataTablesWrapper table.wpdtSimpleTable thead th,\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable thead th {\n        color: #ffffff !important;\n    }\n\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable thead th.sorting:after,\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable thead th.sorting_asc:after {\n        border-bottom-color: #ffffff !important;\n    }\n\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable thead th.sorting_desc:after {\n        border-top-color: #ffffff !important;\n    }\n\n        \n                                                                                            \/* table font size *\/\n    .wpdt-c.wpDataTablesWrapper table.wpdtSimpleTable,\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable {\n        font-size: 14px !important;\n    }\n\n            \n                <\/style>\n<style>\n<\/style>\n<style>\n                            \n                                        \n                    \n<\/style>\n[\/et_pb_code][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">The big four banks have provided finance for <\/span><b>37 new or expanded fossil fuel projects<\/b><span style=\"font-weight: 400;\"> since committing to support the Paris Agreement. Over their lifetimes, these projects are expected to enable the release of an additional 10 billion tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. This is enough to cancel out any gains made under Australia\u2019s emissions reduction target (2021-2030) <\/span><b>114 times<\/b><span style=\"font-weight: 400;\"> over.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The images below illustrate the total estimated lifetime emissions enabled by expansionary fossil fuel projects that the big banks financed from 1 Jan 2016 until the end of 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CommBank and ANZ are clearly the worst, each lending to projects that would enable emissions equivalent to 9+ years of Australia\u2019s total greenhouse gas emissions in 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although each of the banks reduced funding for expansionary fossil fuel projects in 2020, as shown by the chart below, all of them still provided funding for huge \u2018carbon bomb\u2019 projects such as the Barossa Gas Project and failed to rule out this type of funding moving forward.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h6 style=\"text-align: center;\"><b>Total lifetime emissions of new or expanded projects financed by each bank since 1 Jan 2016<\/b><\/h6>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/ANZ-emissions.png&#8221; alt=&#8221;ANZ emissions&#8221; title_text=&#8221;ANZ emissions &#8211; Funding Climate Failure 2021&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/CBA-emissions.png&#8221; alt=&#8221;CBA emissions&#8221; title_text=&#8221;CBA emissions &#8211; Funding Climate Failure 2021&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/NAB-emissions.png&#8221; alt=&#8221;NAB emissions&#8221; title_text=&#8221;NAB emissions &#8211; Funding Climate Failure 2021&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/Westpac-emissions.png&#8221; alt=&#8221;Westpac emissions&#8221; title_text=&#8221;Westpac emissions &#8211; Funding Climate Failure 2021&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h6 style=\"text-align: center;\"><b>Lending to new or expanded fossil fuel projects since Jan 2016<\/b><\/h6>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/Expansionary-project-emissions.png&#8221; alt=&#8221;Expansionary project emissions&#8221; title_text=&#8221;Expansionary project emissions &#8211; Funding Climate Failure&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_code _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<div class=\"wdt-wrapper-chart-loader\" data-id=\"50\"\n     style=\"height: 480px;\">\n    <div class=\"wdt-main-item\">\n                <div class=\"wdt-chart-animated-background\" style=\"height: 120px\">\n            <div class=\"wdt-background-masker wdt-btn-divide-left wdt-chart-one\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-2\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-3\"><\/div>\n            <div class=\"wdt-background-masker wdt-btn-divide-left-4 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(AU$m)\"},\"crosshair\":false},\"subtitle\":{\"text\":\"\",\"align\":\"center\"},\"tooltip\":{\"enabled\":true,\"backgroundColor\":\"rgba(255,255,255,0.85)\",\"borderWidth\":\"1\",\"borderColor\":\"\",\"borderRadius\":3,\"shared\":false,\"valuePrefix\":\"$\",\"valueSuffix\":\"m\"},\"legend\":{\"enabled\":true,\"backgroundColor\":\"\",\"title\":{\"text\":\"\"},\"layout\":\"horizontal\",\"align\":\"center\",\"verticalAlign\":\"bottom\",\"borderWidth\":\"0\",\"borderColor\":\"\",\"borderRadius\":\"0\"},\"exporting\":{\"enabled\":false,\"chartOptions\":{\"plotOptions\":{\"series\":{\"dataLabels\":{\"enabled\":false}}}},\"filename\":\"\",\"width\":\"\",\"buttons\":{\"contextButton\":{\"align\":\"right\",\"verticalAlign\":\"top\",\"symbolStroke\":\"#666\",\"text\":\"\"}}},\"credits\":{\"enabled\":false,\"href\":\"http:\\\/\\\/www.highcharts.com\",\"text\":\"Highcharts.com\"}},\"type\":\"highcharts_stacked_column_chart\",\"height\":\"480\"},\n            engine: \"highcharts\",\n            type: \"highcharts_stacked_column_chart\",\n            title: \"Funding Climate Failure 2021 - Lending to new or expanded fossil fuel projects (1 Jan 2016 - 31 Dec 2020)\",\n            container: \"wpDataChart_50\",\n            follow_filtering: 0,\n            wpdatatable_id: 103,\n            group_chart: 0        }\n    <\/script>\n\n    <div id=\"wpDataChart_50\" class=\"highcharts_stacked_column_chart\" style=\"width: 100%\"><\/div>\n[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_id=&#8221;fossil-fuel-lending-too-high-renewables-lending-too-low&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><b>Fossil fuel lending too high, renewables lending too low<\/b><\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">The big four banks often point to renewable energy lending as a defence when challenged over their colossal financing of fossil fuels. But lending to renewables does not excuse or cancel out funding for dirty alternatives. Every dollar to fossil fuels locks in more harmful emissions, for which there is no room for in a Paris- or net zero-aligned economy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite their Paris Agreement commitments, the big four have loaned nearly THREE times as much to fossil fuels as renewable energy since 2016. Renewables counted for just $14.9 billion of their total lending compared with $44.4 billion for fossil fuels.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">ANZ continues to have by far the worst lending ratio of the big four, providing $6.20 to fossil fuels for every dollar loaned to renewable energy. CommBank\u2019s lending ratio of $3.63 : $1.00, while much lower, is still completely inconsistent with its promise of \u201cplaying our part in limiting climate change in line with the goals of the Paris Agreement\u201d. Westpac has loaned $2.93 to fossil fuels for every dollar loaned to renewables since 2016. And while NAB\u2019s fossil fuels to renewables ratio was the best of the big four banks, it still favoured dirty power sources. What\u2019s worse, its ratio\u2014like ANZ and Westpac\u2019s\u2014has tipped further towards fossil fuels since we last conducted this comparison 12 months ago.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2021\/09\/2021-Banks-fossil-fuel-vs-renewables-lending-540&#215;540-1.png&#8221; alt=&#8221;2021 Banks fossil fuel vs renewables lending&#8221; title_text=&#8221;2021 Banks fossil fuel vs renewables lending&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; 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           engine: \"highcharts\",\n            type: \"highcharts_line_chart\",\n            title: \"Funding Climate Failure 2021 - Banks fossil fuel to renewables lending ratio 2016 - 2020\",\n            container: \"wpDataChart_51\",\n            follow_filtering: 0,\n            wpdatatable_id: 104,\n            group_chart: 0        }\n    <\/script>\n\n    <div id=\"wpDataChart_51\" class=\"highcharts_line_chart\" style=\"width: 100%\"><\/div>\n[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_id=&#8221;policy-laggards&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><b>Policy laggards<\/b><\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><strong>Out of step with top legal opinion?<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The failure of Australia\u2019s major banks to align their climate policies with their stated support for net zero emissions by 2050 could land them in legal trouble, based on a recent <\/span><a href=\"https:\/\/cpd.org.au\/2021\/04\/directors-duties-2021\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">legal opinion<\/span><\/a><span style=\"font-weight: 400;\"> about the pitfalls of corporate greenwash.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to barristers Noel Hutley SC and Sebastian Hartford Davis, \u201ccompanies wishing to commit to net zero must have a reasonable basis now for believing that they can achieve that commitment\u201d, and that \u201cit is foreseeable that a company (and its directors) could be found to have engaged in misleading or deceptive conduct by not having had reasonable grounds\u201d.<\/span><\/p>\n<p><strong>Lagging behind peers<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Australia\u2019s big four banks fall well behind their international peers when it comes to climate policies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the <\/span><a href=\"https:\/\/www.ran.org\/bankingonclimatechaos2021\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">2021 Banking on Climate Chaos Fossil Fuel Finance Report<\/span><\/a><span style=\"font-weight: 400;\">, the best performing Australian bank is ANZ, scoring a measly 22.5 out of 200 possible points. The study assesses bank policies and practices related to certain key fossil fuel subsectors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While it\u2019s worth acknowledging that some of the big banks\u2019 policies have improved in recent years, it\u2019s hard to applaud a scorecard dominated by such low scores.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><strong>Learn more about each bank&#8217;s policies below:<\/strong><\/p>\n<p>[\/et_pb_text][et_pb_toggle title=&#8221;ANZ&#8221; icon_color=&#8221;#0096D2&#8243; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;20px&#8221; open_icon_color=&#8221;#0096D2&#8243; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;20px&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">ANZ\u2019s climate policy was updated in October 2020, long after its major competitors had significantly updated their climate policies, starting with CommBank in August 2019. While some positive steps were taken, it also contained cynical elements and barely caught it up to the other banks. In many ways it was a wasted opportunity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By far the most cynical aspect of its policy is ANZ\u2019s rewarding of companies expanding the fossil fuel industry. Despite being published five years after the Paris Climate Agreement, the bank\u2019s policies give the most climate-destructive companies\u2014including <\/span><b>New Hope<\/b><span style=\"font-weight: 400;\">\u2014until 2025 to formulate transition plans.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following in the footsteps of Commonwealth Bank and Westpac, ANZ announced it will exit direct finance for thermal coal by 2030, consistent with the climate goals of the Paris Agreement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The bank also pledged to stop funding new mines with thermal coal reserves or production of 35%+ (though left the door open to funding projects below this threshold), and new coal power stations or expansions. This barely exceeds, if at all, its major competitors, most of which have policies that effectively achieve the same thing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">ANZ\u2019s policies don\u2019t even touch oil and gas, leaving the door wide open for the bank to increase its overall lending to the sector, and to fund companies and projects expanding its scale.<\/span><\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;CommBank&#8221; icon_color=&#8221;#FFCC00&#8243; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;20px&#8221; open_icon_color=&#8221;#FFCC00&#8243; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;20px&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Two years after becoming the first Australian bank to commit to exit thermal coal by 2030, among other positive steps, CommBank\u2019s August 2021 climate policy update saw the bank wind back existing policy, make immaterial commitments and give a free pass to climate-wrecking companies. It was clearly a step in the wrong direction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2019, the bank committed to exclude funding for new oil, gas and metallurgical coal projects unless supported by an assessment demonstrating them consistent with the Paris Agreement. CommBank has now <\/span><a href=\"https:\/\/www.marketforces.org.au\/commbank-waters-down-funding-hurdle-for-fossil-fuel-expansion-gives-climate-wrecking-companies-another-4-years\/\"><span style=\"font-weight: 400;\">wound back<\/span><\/a><span style=\"font-weight: 400;\"> the scope of this policy to apply only to a specific type of financial arrangement (\u2018project finance\u2019) and only to extractive fossil fuel projects (rather than pipelines and power stations, for example). In other words, instead of being shut further, the door has been opened to fund even more expansionary fossil fuel projects.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CommBank\u2019s adherence to the previous (2019) version of this policy is now the subject of a <\/span><a href=\"https:\/\/www.afr.com\/companies\/financial-services\/cba-sued-in-climate-lawfare-first-20210901-p58ntj\"><span style=\"font-weight: 400;\">legal case<\/span><\/a><span style=\"font-weight: 400;\">, with a shareholder seeking access to the documents upon which the bank based its funding for expansionary oil and gas projects.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The bank also set trajectories (\u2018glidepaths\u2019) for its fossil fuel financing and financed emissions for the coal, oil and gas sectors moving forward. The glidepaths are set to track the IEA\u2019s Sustainable Development Scenario (SDS), a global energy demand pathway aligned with net zero emissions by <\/span><b>2070<\/b><span style=\"font-weight: 400;\"> and which allows for expansion of the fossil fuel industry. This is clearly out of step with the bank\u2019s support for net zero by 2050.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CommBank also made a number of commitments that sound good, but have little or no material impact:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Its exclusion of new or expanded thermal coal mines and new coal power stations was effectively already covered by its standing commitment to exit thermal coal by 2030, and<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; Its decision to only fund new fossil fuel clients with public commitments to the Paris Agreement is largely meaningless, given it already has more such clients than it can poke a stick at, and such public commitments are ineffective without a requirement for short-, medium- and long-term targets to align with the Paris Agreement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What\u2019s worse was CommBank\u2019s decision to continue funding its existing climate-wrecking fossil fuel clients\u2014including <\/span><b>Santos<\/b><span style=\"font-weight: 400;\">\u2014until <\/span><b>2025<\/b><span style=\"font-weight: 400;\"> before \u201cexpecting\u201d publication of a Paris-aligned transition plan. Even then, this is an expectation rather than a requirement, there\u2019s no requirement for clients to adopt the plans (merely to publish), and there\u2019s no requirement for short-, medium- and long-term targets to achieve those plans.<\/span><\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;NAB&#8221; icon_color=&#8221;#A3221E&#8221; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;20px&#8221; open_icon_color=&#8221;#A3221E&#8221; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;20px&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">In November 2019 NAB committed to be out of thermal coal by 2035, five years later than all of its major competitors, and also five years later than when OECD countries have been told we need to phase out coal-fired power completely. In some ways, this is worse than having no policy at all, as it deliberately aims for the failure of the Paris Agreement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since then the bank has failed to align its policies with its support for net zero by 2050 or the Paris Agreement, leaving the door wide open to increase its overall lending to fossil fuels, and to fund companies and projects expanding the fossil fuel industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NAB has a standing policy to no longer finance new-to-bank thermal coal mining customers, and new or material expansions of coal-fired power generation facilities, unless there is technology in place to materially reduce emissions. NAB fails to clarify what it considers \u201cmaterial\u201d, implying a lot of wriggle room to justify further lending for coal plants.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is also committed to not financing oil\/tar sands extraction projects, or oil and gas projects within or impacting the Arctic National Wildlife Refuge area and any similar Antarctic Refuge. This is materially meaningless given there is no record of NAB having made such loans in the first place and that NAB had confirmed to Market Forces prior to the policy announcement it was not invested in Arctic oil and gas in the first place.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While each of these sound good on the surface, most have <\/span><a href=\"https:\/\/www.marketforces.org.au\/banks-nab-2019-policy-update-analysis\/\"><span style=\"font-weight: 400;\">no material impact<\/span><\/a><span style=\"font-weight: 400;\"> on the bank\u2019s lending activity in the first place. Then there\u2019s the policy NAB has been breaching.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2017, NAB said it will stop funding new thermal coal mining projects. Since then, NAB has funded New Hope Corp (for its New Acland Stage 3 coal mine), Coronado Global Resources (owner of the Curragh coal mine, which has planned or undergone extensions and expansions) and Whitehaven Coal (which is pursuing new thermal coal mining projects). Given the bank\u2019s lack of adherence to the \u2018policy\u2019 and its lack of accountability, it\u2019s clear the bank has effectively rescinded it.<\/span><\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;Westpac&#8221; icon_color=&#8221;#d5002b&#8221; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;20px&#8221; open_icon_color=&#8221;#d5002b&#8221; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;20px&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Westpac\u2019s climate change policy update, released in May 2020, committed to a 2030 exit date for thermal coal exposure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The update saw Westpac commit to continue reducing the emissions intensity of its power generation portfolio, targeting 0.23 tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> per Megawatt-hour (tCO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">e\/MWh) by 2025 and 0.18 tCO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">e\/MWh by 2030. This effectively squeezes out new coal-burning power stations and makes it almost impossible to finance new gas-fired power plants.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These commitments build upon Westpac\u2019s existing policies to refuse loans for thermal coal mines in new thermal coal basins or with a calorific content of less than 6,300 kcal\/kg, and to only finance new power stations if they decrease the emissions intensity of the grid in which they operate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In May 2021 Westpac stated that, to be eligible for loans, it \u201cexpects\u201d new oil and gas clients \u201cto have publicly disclosed Paris-aligned business goals\u201d. Given this is an expectation rather than a requirement, and that Westpac already has more existing oil and gas clients than it can poke a stick at (let alone new ones), this policy will have no material impact on the bank\u2019s lending.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Far too much room remains for Westpac to increase its overall lending to fossil fuels, and to fund companies and projects that depend upon the failure of the Paris Agreement.<\/span><\/p>\n<p>[\/et_pb_toggle][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_id=&#8221;banks-breaching-their-own-policies&#8221; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||1em||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><b>Banks breaching their own policies?<\/b><\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><strong>Commbank<\/strong><\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">In 2019 CommBank announced it would be \u201conly providing Banking and Financing activity to New oil, gas or metallurgical coal projects if supported by an assessment of the environmental, social and economic impacts of such activity, and if in line with the goals of the Paris Agreement\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Prior to <\/span><a href=\"https:\/\/www.marketforces.org.au\/commbank-waters-down-funding-hurdle-for-fossil-fuel-expansion-gives-climate-wrecking-companies-another-4-years\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">winding back<\/span><\/a><span style=\"font-weight: 400;\"> this policy in August 2021, CommBank funded a number of expansionary oil and gas projects which appear inconsistent with the Paris Agreement, prompting shareholders to <\/span><a href=\"https:\/\/www.theguardian.com\/news\/2020\/jun\/26\/commonwealth-bank-activist-shareholders-call-out-company-for-financing-new-gas-projects\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">question<\/span><\/a><span style=\"font-weight: 400;\"> the existence and validity of the assessments demonstrating the projects to be Paris-aligned.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CommBank\u2019s unwillingness to provide these assessments has landed it in <\/span><a href=\"https:\/\/www.afr.com\/companies\/financial-services\/cba-sued-in-climate-lawfare-first-20210901-p58ntj\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">court<\/span><\/a><span style=\"font-weight: 400;\">, with Professor Jacqueline Peel warning \u201cIf you get the information and it shows that there\u2019s a difference between what they say they\u2019re doing and what they\u2019re actually doing, that potentially would be grounds for a case for breaching directors\u2019 duties or misleading and deceptive conduct, or both\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some of the expansionary oil and gas projects funded by CommBank include:<\/span><\/p>\n<p><b>Permian Highway Pipeline<\/b><\/p>\n<p><span style=\"font-weight: 400;\">In Sep 2019, CommBank loaned US$52.25 million for development and construction of a 692 km gas pipeline that would transport gas from the Permian basin in southwestern United States to the Texas Gulf Coast. Market Forces conservatively estimates combustion of gas transported over the pipeline\u2019s lifetime would enable the release of approximately 1 billion tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_toggle title=&#8221;Cambo Oil Field&#8221; icon_color=&#8221; #903e4c&#8221; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;20px&#8221; open_icon_color=&#8221; #903e4c&#8221; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;20px&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">CommBank has funded Siccar Point Energy, the company behind the proposed Cambo Oil Field, situated north-west of the Shetland Islands offshore UK, on numerous occasions since at least 2016. In 2018, Siccar stated the lending positioned it \u201cextremely well\u201d to deliver projects including Cambo, and made a similar statement when CommBank further extended that loan in 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first phase of Cambo targets 170 million barrels of oil from 2025 until 2050, well beyond the point when the IEA concludes all new oil fields must be abandoned to achieve net zero by 2050.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first phase oil from Cambo is sufficient to enable the release of 65 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">, 30% more than was emitted from all UK-based power stations in 2020. Further phases of production planned beyond the first, with Siccar stating \u201cthe field contains over 800 million barrels of oil in place\u201d.<\/span><\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;7 new LNG vessels&#8221; icon_color=&#8221; #903e4c&#8221; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;20px&#8221; open_icon_color=&#8221; #903e4c&#8221; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;20px&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">In Dec 2019, CommBank was reported as having acted as \u2018lead arranger\u2019 in a US$1.05 billion debt financing of GasLog Ltd for the building of seven new LNG vessels.<\/span><\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;Tipton West Gas Central Processing Facility expansion&#8221; icon_color=&#8221; #903e4c&#8221; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;20px&#8221; open_icon_color=&#8221; #903e4c&#8221; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;20px&#8221; _builder_version=&#8221;4.16&#8243; title_line_height=&#8221;1.3em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">In March 2020, CommBank funded the expansion of the Tipton West Central Gas Processing Facility near Dalby, Queensland.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The expansion of the facility is expected to more than double its original capacity to process 33 terajoules (TJ) of coal seam gas each day from Queensland\u2019s Surat basin, adding capacity of between 48-81 TJ per day.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The expansion caters for Arrow Energy\u2019s planned drilling of new gas wells in the region, with the company\u2019s former CEO Qian Mingyang stating this is \u201cexpected to involve 90 new wells in the initial phase and another 180 wells over the next 25 years\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Arrow\u2019s Tipton expansion is part of the company\u2019s much larger Surat Gas Project, which the company sanctioned on 17 April 2020. According to the Company, \u201cover the full 27 year life of the Surat Gas Project, Arrow expects to develop around 5 TCF [trillion cubic feet] of natural gas\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">5 TCF of gas would enable the release of 286 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">, equivalent to more than half of Australia\u2019s greenhouse gas emissions in 2020.<\/span><\/p>\n<p>[\/et_pb_toggle][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><strong>NAB<\/strong><\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">On 14 December 2017, NAB ruled out lending to all new thermal coal mines or extensions, stating \u201cNAB will no longer finance new thermal coal mining projects\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NAB appears to have breached this policy on a number of occasions since then, as detailed below, and has refused any form of accountability for its actions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking at the bank\u2019s 2020 AGM, the bank\u2019s chairman Philip Chronican <\/span><a href=\"https:\/\/www.marketforces.org.au\/investors-rebuke-nab-over-fossil-fuel-funding-at-agm-despite-government-threats\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">told shareholders<\/span><\/a><span style=\"font-weight: 400;\"> simply \u201cthere is no breach that I\u2019m aware of\u201d. NAB also dodged <\/span><a href=\"https:\/\/www.aph.gov.au\/-\/media\/02_Parliamentary_Business\/24_Committees\/243_Reps_Committees\/Economics\/46p\/Banks_and_Financial_Institutions\/1_Bank_Review_-_First_Report\/NAB_QoNs\/NAB39QW.pdf?la=en&amp;hash=BEB6A995F4BF5EDFE3B8268526354837D252C6EE\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">questions<\/span><\/a><span style=\"font-weight: 400;\"> about the apparent breaches from a member of the Australian Parliament, who <\/span><a href=\"https:\/\/www.aph.gov.au\/-\/media\/02_Parliamentary_Business\/24_Committees\/243_Reps_Committees\/Economics\/46p\/Banks_and_Financial_Institutions\/1_Bank_Review_-_First_Report\/NAB_QoNs\/NAB56QON_and_NAB57QON.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">told NAB<\/span><\/a><span style=\"font-weight: 400;\"> its reply \u201cdidn&#8217;t answer the question directly\u201d and repeated them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NAB appears to have breached its thermal coal exclusion policy by making the following loans:<\/span><\/p>\n<p><b>New Hope Corporation (New Acland Stage 3 thermal coal mine)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">According to an article published via Bloomberg Professional on 15 Jan 2019, \u201cANZ, CAT Finance, NAB, Macquarie, Mizuho are providing New Hope with a facility to fund its acquisition of a stake in Bengalla Joint Venture\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The loan referred to was $600 million for the acquisition of the Bengalla coal mine but which New Hope also stated <\/span><b>\u201cwill be sufficient for the Company to also fund its medium term growth projects including New Acland Stage 3\u201d<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_toggle title=&#8221;Coronado Global Resources (Curragh coal mine extension and expansion)&#8221; icon_color=&#8221; #903e4c&#8221; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;20px&#8221; open_icon_color=&#8221; #903e4c&#8221; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;20px&#8221; _builder_version=&#8221;4.16&#8243; title_line_height=&#8221;1.3em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">In October 2018, NAB co-financed a $720 million underwriting debt facility backing the initial public offering (IPO) of Coronado Global Resources on the Australian Securities Exchange (ASX).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Coronado had acquired the Stanwell Reserve Area (a coal mining area) in August 2018, which it states \u2018unlocked access\u2019 to 318 Mt of coal resources including 82 Mt of reserves at the Curragh coal mine and \u201cextend[s] mine life beyond 35 years\u201d. This was part of a deal with the owners of Queensland\u2019s Stanwell coal-fired power station, whereby Coronado agreed to supply Stanwell with coal from 2027 until 2038, while \u201cStanwell will receive $210 million (plus interest) in exchange for its rights to coal resources at the Curragh Mine\u201d, according to the Queensland Audit Office.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crucially, as part of an investor presentation published on the ASX in October 2018, Coronado stated the Stanwell agreement was \u201cexpected to materially extend mine life until around 2038\u201d, well beyond the investor-backed 2030 deadline for OECD countries to phase out coal power. Surely NAB\u2019s coal policy should have prevented it supporting the IPO of a company which planned to materially extend thermal coal mining?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Far from pulling out of the deal, NAB recommitted to and bolstered funding for Coronado. In September 2019, NAB loaned to Coronado Global Resources to refinance the October 2018 loan and provide it with additional funds to expand its Curragh coal mine. According to Coronado\u2019s 2019 Half Year Results Presentation, \u201cthe expansion is set to deliver an additional 6.0 Mt from FY20 to FY23\u201d. NAB clearly needs to explain how its funding for Coronado complies (or doesn\u2019t) with its coal policy.<\/span><\/p>\n<p>[\/et_pb_toggle][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; module_id=&#8221;methodology&#8221; _builder_version=&#8221;4.16&#8243; background_color=&#8221;rgba(67,50,68,0.15)&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<hr style=\"border-top: 2px solid #903e4c; margin-top: 0.5em; margin-bottom: 1em;\" \/>[\/et_pb_text][et_pb_text module_id=&#8221;methodology&#8221; _builder_version=&#8221;4.16&#8243; custom_margin=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 style=\"text-align: left;\"><strong>Methodology<\/strong><\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Scope<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lenders: ANZ, CommBank, NAB and Westpac<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assets: Fossil fuel companies and projects globally<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Timeframe: 1 Jan 2016 \u2013 31 Dec 2020<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Finance type: Project and corporate loans<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Transaction type: Primary, refinancing, acquisition<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Market Forces obtained primary data from finance industry databases provided by IJGlobal and Refinitiv. Further primary data was sourced from company filings, reports and market disclosures. Figures were cross-referenced for consistency and verified against secondary material. This report presents a synthesis of this material.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The loans we have captured include refinancings, as (1) we consider each refinancing a conscious decision by a lender to continue supporting a company or project, and (2) the lending group can and often does change upon refinancing and we wanted to capture this.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Where corporate lending occurred, we sought direction on the purposes of the loan and if this was not available, discounted the value of that loan to reflect the proportion of the company\u2019s business that is involved in the fossil fuel supply chain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dollar values represent the sum of committed loan amounts and are presented in Australian dollars unless otherwise specified. No adjustments have been made to reflect the net present value of facilities arranged before 1 Jan 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We have tried to capture as much information as possible in this study but a lack of transparency about fossil fuel lending means it will only ever be a partial picture.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_toggle title=&#8221;Calculations and assumptions &#8211; climate impact of new fossil fuel projects&#8221; open_toggle_text_color=&#8221;#28323F&#8221; closed_toggle_background_color=&#8221;#903e4c&#8221; icon_color=&#8221;#FFFFFF&#8221; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;24px&#8221; open_icon_color=&#8221;#FFFFFF&#8221; open_use_icon_font_size=&#8221;on&#8221; open_icon_font_size=&#8221;24px&#8221; module_id=&#8221;calculations-and-assumptions&#8221; _builder_version=&#8221;4.16&#8243; title_text_color=&#8221;#FFFFFF&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><em><br \/>To return to the &#8220;Climate impact of new fossil fuels&#8221; section above, click <a href=\"#climate-impact-of-new-fossil-fuels\">here<\/a>.\u00a0<\/em><\/p>\n<p><b>Calculations and assumptions<\/b><\/p>\n<p><span style=\"font-weight: 400;\">In calculating the emissions accounted for in this study, Market Forces has made a number of conservative assumptions. Details on how the emissions were calculated are as follows:<\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><b>Coal mines<\/b><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Energy and emission factors are derived from the Australian Department of Industry <\/span><a href=\"https:\/\/publications.industry.gov.au\/publications\/climate-change\/climate-change\/climate-science-data\/greenhouse-gas-measurement\/publications\/nger-technical-guidelines-reporting-year-2017-18.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">NGER Technical Guidelines 2017-18<\/span><\/a><span style=\"font-weight: 400;\"> unless stated otherwise. Although mines often produce a mix of thermal and metallurgical coal, our calculations are based on the main product (thermal or coking coal) for each project unless specified otherwise. This approach was taken to ensure calculations are as straightforward as possible and resulted in no material difference in the magnitude of the emissions estimates.<\/span><\/p>\n<p><strong>New Acland Stage 3 project<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The New Acland Stage 3 2014 environmental impact assessment (EIS) states &#8220;The revised Project involves the extension of the Mine\u2019s operating life to approximately 2029 with the inclusion and progressive development of two new resource areas within MLA 50232. These resource areas are identified as the Manning Vale and Willeroo resource areas. The revised Project will include mining in three new mine pits, namely Manning Vale West, Manning Vale East and Willeroo mine pits.&#8221; (p.3-1) The same document states there are a combined 80.4 million \u2018product tonnes\u2019 of coal at the Manning Vale West, Manning Vale East and Willeroo mine pits (table 3-4). So 80.4 million tonnes of coal x 1,000,000 (million tonnes of coal to tonnes of coal) x 24 GJ\/t (average energy factor for sub-bituminous and bituminous coal) x 90.23 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e\/GJ (average emissions factor for sub-bituminous and bituminous coal) x 0.001 (kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = <\/span><b>174 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Curragh coal mine expansion<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">In September 2019, Coronado Global Resources secured finance to expand its Curragh coal mine in central Queensland. According to Coronado\u2019s 2019 Half Year Results Presentation, \u201cthe expansion is set to deliver an additional 6.0 Mt from FY20 to FY23\u201d. This is to be achieved by incrementally increasing annual production by 2.1 Mt (from 12.9 Mt to 15 Mt) between FY19 to FY23. According to the same presentation, the Curragh mine had 311 Mt of reserves as of 31 December 2018. Assuming that the 2.1 Mt of additional coal is mined beyond FY23, until Curragh\u2019s 311 Mt of reserves are depleted, this would result in approximately 39.6 Mt of additional coal mined by 2039.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This expansion comes after Coronado acquired the Stanwell Reserve Area (SRA) in August 2018, which it states \u2018unlocked access\u2019 to <\/span><a href=\"https:\/\/www.asx.com.au\/asx\/statistics\/displayAnnouncement.do?display=pdf&amp;idsId=02040021\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">318 Mt<\/span><\/a><span style=\"font-weight: 400;\"> of resources including <\/span><a href=\"https:\/\/www.asx.com.au\/asx\/statistics\/displayAnnouncement.do?display=pdf&amp;idsId=02130192\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">82 Mt<\/span><\/a><span style=\"font-weight: 400;\"> of reserves and \u201cextend[s] mine life beyond 35 years\u201d. This was part of a deal with the owners of Queensland\u2019s Stanwell coal-fired power station, whereby Coronado agreed to supply Stanwell with coal from 2027 until 2038, while \u201cStanwell will receive $210 million (plus interest) in exchange for its rights to coal resources at the Curragh Mine\u201d, according to the <\/span><a href=\"https:\/\/www.qao.qld.gov.au\/reports-resources\/reports-parliament\/energy-2018-19-results-financial-audits\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Queensland Audit Office<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Discounting the Stanwell arrangements and assuming that an additional 2.1 mtpa is mined until the mine\u2019s reserves are exhausted, we estimate the expansion would result in an additional 39.6 Mt of coal mined. Estimated emissions calculation: 39.6 million tonnes of coal x 1,000,000 (million tonnes of coal to tonnes of coal) x 30 GJ\/t (coking coal) x 92.02 kg CO2-e\/GJ (emissions factor for coking coal) x 0.001 (kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = <\/span><b>109 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Carborough Downs coal mine expansion<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Fitzroy Resources secured finance in 2018 and 2019 for its Carborough Downs coal mine in Queensland, which it claims to have expanded since it acquired the mine in 2017. There is limited public information relating to the reserves and expansion of the mine, however we know Carborough Downs had 33 Mt of coal reserves according to a <\/span><a href=\"https:\/\/www.fitzroyoz.com\/_asset\/pdf\/Project%20Introduction.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">project <\/span><\/a><span style=\"font-weight: 400;\">brief<\/span><span style=\"font-weight: 400;\"> published by Fitzroy Resources prior to Q1 2018. According to <\/span><a href=\"https:\/\/www.miningmonthly.com\/operational-excellence\/international-coal-news\/1339473\/fitzroy%E2%80%99s-carb-downs-experience-puts-it-on-the-expansion-path\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Mining Monthly<\/span><\/a><span style=\"font-weight: 400;\">, Carborough Downs saw a &#8220;100% increase in JORC reserves in the first year under Fitzroy ownership&#8221; based on. Therefore, it was assumed that Fitzroy doubled reserves from 16.5 Mt to 33 Mt since acquiring the mine. This appears consistent with a statement made by Fitzroy\u2019s CEO Grant Polwarth. According to the same Mining Monthly article from June 2018, Polwarth said &#8220;we have now mined in excess of 2 million tonnes of resource that was never previously contemplated while opening up the northern reserves and creating a 10 plus year future&#8221;. Given that Fitzroy acquired the mine in June 2017, it appears the company took approximately 1 year to mine the 2 million tonnes of coal that was \u201cnever previously contemplated\u201d. Assuming this is the case, if Fitzroy were to mine 2 Mt over 10 years, it would extract 20 Mt of coal that was \u201cnever previously contemplated\u201d. Estimated emissions calculation: 16.5 million tonnes of coal x 1,000,000 (million tonnes of coal to tonnes of coal) x 30 GJ\/t (coking coal) x 92.02 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e\/GJ (emissions factor for coking coal) x 0.001 (kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = <\/span><b>45.5 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"text-decoration: underline;\"><b>Downstream oil &amp; gas infrastructure<\/b><\/span><\/p>\n<p><strong>Refinery and Petrochemical Integrated Development (RAPID) project<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/prefchem.com\/assets\/pdf\/environmental-and-social-documents\/1-Non-Technical-Summary.zip\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">project documents<\/span><\/a><span style=\"font-weight: 400;\"> RAPID would have capacity to produce the following volume of refined oil products (figures in thousands of barrels per day, or \u2018kbd\u2019): 65.7 kbd of motor gasoline + 92.7 kbd of diesel + 20.4 kbd of jet fuel + 27.3 kbd of fuel oil. In the absence of more detailed information, it was assumed that the project would operate at 75% capacity for 25 years (according to <\/span><a href=\"http:\/\/dhc.co.in\/uploadedfile\/1\/2\/-1\/EAC%20Opinion%20on%20Depreciation%20for%20separate%20unit%20of%20refinery%20on%20basis%20of%20estimate%20of%20its%20own%20useful%20life.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Institute of Chartered Accountants of India<\/span><\/a><span style=\"font-weight: 400;\">, the useful life of refinery processing units is 25 years, which appears consistent with figures from the <\/span><a href=\"https:\/\/www.ato.gov.au\/law\/view\/pdf?DocID=TXR%2FTR20195%2FNAT%2FATO%2F00001&amp;filename=law\/view\/pdf\/pbr\/tr2019-005c1.pdf&amp;PiT=99991231235958\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Australian Tax Office<\/span><\/a><span style=\"font-weight: 400;\"> relating to the useful life of petroleum refining assets). These volumes were then multiplied by the US <\/span><a href=\"https:\/\/www.epa.gov\/sites\/production\/files\/2018-03\/documents\/emission-factors_mar_2018_0.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">EPA emissions factors<\/span><\/a><span style=\"font-weight: 400;\"> for each fuel type (kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> \/ barrel): 368.75 for motor gasoline, 428.81 for diesel, 409.49 for jet fuel, 473.33 for fuel oil.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The full calculation is as follows:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Motor gasoline: 65.7 kbd of motor gasoline x 368.75 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> \/ barrel of motor gasoline x 365 days per year x 25 years x 75% capacity factor = 165,803,856 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Diesel: 92.7 kbd of diesel x 428.81 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> \/ barrel of diesel x 365 days per year x 25 years x 75% capacity factor = 272,044,667 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Jet fuel: 20.4 kbd of jet fuel x 409.49 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> \/ barrel of jet fuel x 365 days per year x 25 years x 75% capacity factor = 57,170,175 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Fuel oil: 27.3 kbd of fuel oil x 473.33 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> \/ barrel of fuel oil x 365 days per year x 25 years x 75% capacity factor = 88,434,414 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><\/li>\n<\/ul>\n<p><b>Total emissions enabled: 583 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><b><\/b><\/p>\n<p><b>Tipton West Central Gas Processing Facility expansion<\/b><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/ijglobal.com\/data\/transaction\/51565\/tipton-west-gas-processing-facility-expansion\"><span style=\"font-weight: 400;\">IJGlobal<\/span><\/a><span style=\"font-weight: 400;\">, on 31 March 2020 Energy Infrastructure Investments (EII) received a A$230 million term loan \u201cfor the development of an expansion to the Tipton West Gas Processing Facility\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/www.arrowenergy.com.au\/__data\/assets\/pdf_file\/0020\/27425\/Arrow-enters-FEED-for-Tipton-expansion.pdf\"><span style=\"font-weight: 400;\">Arrow Energy<\/span><\/a><span style=\"font-weight: 400;\">, \u201cthe Tipton central gas processing facility (CGPF) processes up to 33 TJ\/d; potentially increasing by 48 TJ\/d to 81\/day after the Tipton expansion\u201d. Therefore, the expansion is the additional processing capacity of 48 TJ\/d (terajoules per day) of gas.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most infrastructure operates below its maximum capacity. However, in this case, Arrow Energy <\/span><a href=\"https:\/\/www.arrowenergy.com.au\/__data\/assets\/pdf_file\/0020\/27425\/Arrow-enters-FEED-for-Tipton-expansion.pdf\"><span style=\"font-weight: 400;\">stated<\/span><\/a><span style=\"font-weight: 400;\"> in 2017 that it embarked on a \u2018$100M+ Produce the Limit (PtL) project\u2019 to \u201cenable Arrow to run existing compression facilities to their maximum design limits\u201d. Therefore, it\u2019s assumed the facility will process an entire additional 48 TJ\/day of gas.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The expected life of the processing facility is unclear, though an APA Group 2006 <\/span><a href=\"https:\/\/www.apa.com.au\/media\/27757\/2006%2011%2001%20apa%20invests%20in%20second%20queensland%20coal%20seam%20gas%20processing%20facility.pdf\"><span style=\"font-weight: 400;\">media release<\/span><\/a><span style=\"font-weight: 400;\"> provides a clue. The release, which announced the agreement to build the Tipton West Gas Processing Facility, states \u201cthe facility will operate for 15 years\u201d. So in the absence of further information, it was assumed the 48 TJ\/d expansion would operate for 15 years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This means the facility would process 48 x 365 x 15 = 262,800 TJ of gas per year, equivalent to 262.8 million gigajoules (GJ). Upon combustion, 1 GJ of LNG releases 51.53 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e (<\/span><a href=\"https:\/\/www.industry.gov.au\/sites\/default\/files\/2020-10\/national-greenhouse-accounts-factors-2020.pdf\"><span style=\"font-weight: 400;\">\u2018National Greenhouse Accounts Factors\u2019, Australian Government Department of Industry, Science, Energy and Resources, 2020<\/span><\/a><span style=\"font-weight: 400;\">). Therefore, combustion of the gas processed at Tipton West would result in emissions of approximately 262,800,000 x 51.53 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e = 13.5 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This expansion in gas processing capacity would cater for Arrow Energy\u2019s planned drilling of new gas wells in Tipton, Queensland, with Arrow Energy CEO Qian Mingyang <\/span><a href=\"https:\/\/www.arrowenergy.com.au\/__data\/assets\/pdf_file\/0020\/27425\/Arrow-enters-FEED-for-Tipton-expansion.pdf\"><span style=\"font-weight: 400;\">stating<\/span><\/a><span style=\"font-weight: 400;\"> \u201cThe planned expansion of Arrow\u2019s Tipton operations is expected to involve 90 new wells in the initial phase and another 180 wells over the next 25 years &#8211; along with new gathering lines, an upgraded water treatment facility and four new compressors\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Tipton West expansion is part of Arrow Energy\u2019s much larger Surat Gas project, which the company <\/span><a href=\"https:\/\/www.arrowenergy.com.au\/media\/media-releases\/current-releases\/arrow-sanctions-start-to-sgp\"><span style=\"font-weight: 400;\">sanctioned<\/span><\/a><span style=\"font-weight: 400;\"> on 17 April 2020. According to the <\/span><a href=\"https:\/\/www.arrowenergy.com.au\/media\/media-releases\/current-releases\/arrow-sanctions-start-to-sgp\"><span style=\"font-weight: 400;\">Company<\/span><\/a><span style=\"font-weight: 400;\">, \u201cOver the full 27 year life of the Surat Gas Project, Arrow expects to develop around 5 TCF of natural gas\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">5 trillion cubic feet (TCF) of gas is equivalent to 141.6 billion cubic metres (bcm) of gas (<\/span><a href=\"https:\/\/www.gov.uk\/government\/publications\/greenhouse-gas-reporting-conversion-factors-2021\"><span style=\"font-weight: 400;\">UK Government greenhouse gas conversion factors<\/span><\/a><span style=\"font-weight: 400;\">). Using combustion factors provided by the <\/span><a href=\"https:\/\/www.industry.gov.au\/sites\/default\/files\/2020-10\/national-greenhouse-accounts-factors-2020.pdf\"><span style=\"font-weight: 400;\">National Greenhouse Accounts Factors<\/span><\/a><span style=\"font-weight: 400;\"> (Australian Department of Industry, 2020), upon combustion this volume of gas would release 286 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><b>Oil &amp; gas pipelines<\/b><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unless stated otherwise, it was assumed that the:<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">&#8211; lifespan for US-based pipelines is 50 years based (according to a <\/span><a href=\"https:\/\/publications.anl.gov\/anlpubs\/2008\/02\/61034.pdf\"><span style=\"font-weight: 400;\">U.S. Department of Energy laboratory<\/span><\/a><span style=\"font-weight: 400;\">; \u201ca natural gas pipeline generally has a design life of more than 50 years, although the actual life may be considerably longer\u201d).<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">&#8211; lifespan for Australia-based pipelines is 40 years (according to an <\/span><a href=\"https:\/\/www.publish.csiro.au\/aj\/AJ14049\"><span style=\"font-weight: 400;\">article<\/span><\/a><span style=\"font-weight: 400;\"> published in the Journal of the Australian Petroleum Production &amp; Exploration Association (APPEA), \u201cso many pipeline assets around Australia are approaching operating lives of 40-50 years\u201d)<\/span><a href=\"https:\/\/www.publish.csiro.au\/aj\/aj14049\"><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/a><span style=\"font-weight: 400;\">&#8211; capacity factor for pipelines is 50% (according to Matteo Villa, Research Fellow at the <\/span><a href=\"https:\/\/www.ispionline.it\/it\/pubblicazione\/higher-you-think-myths-and-reality-nord-streams-utilization-rates-17577\"><span style=\"font-weight: 400;\">International Society for Performance Improvement<\/span><\/a><span style=\"font-weight: 400;\">, \u201cas a rule of thumb it is generally assumed that, in order to guarantee sufficient return on investment to project participants, a pipeline requires a utilization rate of around 50%\u201d).<\/span><\/p>\n<p><strong>Permian Highway Pipeline<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Kinder Morgan <\/span><a href=\"https:\/\/www.kindermorgan.com\/pages\/business\/gas_pipelines\/projects\/php\/\"><span style=\"font-weight: 400;\">reports<\/span><\/a><span style=\"font-weight: 400;\"> the pipeline is designed to transport up to 2.1 billion cubic feet per day (bcfpd) of gas. Therefore, the emissions enabled by this project are estimated to be: 2.1 billion cubic feet per day x 365 days in a year x 50 years x 50% (assumed capacity factor) x 1,000,000 (conversion from bcfpd to thousand cubic feet per day) x 53.120 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e per thousand cubic feet natural gas (<\/span><a href=\"https:\/\/www.eia.gov\/environment\/emissions\/co2_vol_mass.cfm\"><span style=\"font-weight: 400;\">US EIA emissions factor<\/span><\/a><span style=\"font-weight: 400;\">) * 0.001 (kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = <\/span><b>1.01 billion tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Midship Pipeline<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The Midship Pipeline in Oklahoma has capacity to transport <\/span><a href=\"https:\/\/www.businesswire.com\/news\/home\/20190301005082\/en\/Cheniere-EIG-Complete-Financing-Issue-Full-Noticefinance\"><span style=\"font-weight: 400;\">1,440,000 Dekatherms <\/span><\/a><span style=\"font-weight: 400;\">of gas per day. Therefore, the emissions enabled by this project are estimated to be: 1,440,000 Dekatherms per day x 1.0 (<\/span><a href=\"http:\/\/www.corninggas.com\/usr\/Glossary%20of%20Terms.pdf\"><span style=\"font-weight: 400;\">Dekatherms to million british thermal units<\/span><\/a><span style=\"font-weight: 400;\"> per day) x 1.0 (<\/span><a href=\"https:\/\/www.karoonenergy.com.au\/investors\/#glossary-and-conversions\"><span style=\"font-weight: 400;\">million british thermal units to thousand cubic feet<\/span><\/a><span style=\"font-weight: 400;\"> per day) x 365 days per year x 50 years x 50% (assumed capacity factor) x 53.120 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e per thousand cubic feet natural gas (<\/span><a href=\"https:\/\/www.eia.gov\/environment\/emissions\/co2_vol_mass.cfm\"><span style=\"font-weight: 400;\">US EIA emissions factor<\/span><\/a><span style=\"font-weight: 400;\">) * 0.001 (kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = <\/span><b>698 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Tanami Gas Pipeline<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Tanami Gas Pipeline\u2019s owners, Australian Gas Infrastructure Group, <\/span><a href=\"https:\/\/www.agig.com.au\/articles\/tanami-gas-pipeline\"><span style=\"font-weight: 400;\">reports<\/span><\/a><span style=\"font-weight: 400;\"> the pipeline will have capacity to transport 13 TJ of natural gas per day. Therefore, the emissions enabled by this project are estimated to be: 13 TJ per day x 365 days in a year x 40 years x 50% (assumed capacity factor) x 51.8 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e per GJ of natural gas combusted (<\/span><a href=\"https:\/\/publications.industry.gov.au\/publications\/climate-change\/climate-change\/climate-science-data\/greenhouse-gas-measurement\/publications\/nger-technical-guidelines-reporting-year-2017-18.html\"><span style=\"font-weight: 400;\">NGER Technical Guidelines 2017-18<\/span><\/a><span style=\"font-weight: 400;\">) x 0.001 (kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = <\/span><b>4.9 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Coastal Gaslink pipeline (670 km)<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The British Columbia Environmental Assessment Office<\/span><a href=\"https:\/\/www.projects.eao.gov.bc.ca\/p\/588511c4aaecd9001b825604\/project-details;currentPage=1;pageSize=10;sortBy=-datePosted;ms=1605053348842\"><span style=\"font-weight: 400;\"> reports<\/span><\/a><span style=\"font-weight: 400;\"> the pipeline \u201cwould have a capacity of 2.1 billion cubic feet (bcf)\/day with the potential for expansion up to approximately 5 bcf\/day with up to 8 compressor stations\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The project\u2019s <\/span><a href=\"https:\/\/projects.eao.gov.bc.ca\/p\/588511c4aaecd9001b825604\/certificates;currentPage=1;pageSize=10;sortBy=+displayName;ms=1605053393755\"><span style=\"font-weight: 400;\">Assessment Report<\/span><\/a><span style=\"font-weight: 400;\"> states the project\u2019s lifetime is \u201c30+ years\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, the emissions enabled by this project are estimated to be: 2.1 billion cubic feet per day x 365 days in a year x 30 years x 50% (assumed capacity factor) x 1,000,000 (conversion from bcfpd to thousand cubic feet per day) x 53.12 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> per thousand cubic feet natural gas (<\/span><a href=\"https:\/\/www.eia.gov\/environment\/emissions\/co2_vol_mass.cfm\"><span style=\"font-weight: 400;\">US EIA emissions factor<\/span><\/a><span style=\"font-weight: 400;\">) * 0.001 (kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = 610 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><b>LNG terminals<\/b><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Assumed a 75% average capacity factor across a 30-year economic lifetime for LNG trains and terminals, unless stated otherwise.<\/span><\/p>\n<p><strong>Corpus Christi LNG<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">According to Cheniere Energy, the owner of Corpus Christi LNG, \u201cthe liquefaction project is being designed for three trains with expected aggregate nominal production capacity of up to 13.5 million tonnes per annum (mtpa) of LNG.\u201d Therefore, the emissions enabled by this project are estimated to be: 13.5 million tonnes per annum of LNG x 30 years x 75% (assumed capacity factor) x 48.028 unit conversion (<\/span><a href=\"https:\/\/www.bp.com\/content\/dam\/bp\/business-sites\/en\/global\/corporate\/pdfs\/energy-economics\/statistical-review\/bp-stats-review-2019-approximate-conversion-factors.pdf\"><span style=\"font-weight: 400;\">million tonnes of LNG to billion cubic feet of gas<\/span><\/a><span style=\"font-weight: 400;\">) x 1,000,000 (billion cubic feet of gas to thousand cubic feet of gas) x 53.12 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e per thousand cubic feet natural gas (<\/span><a href=\"https:\/\/www.eia.gov\/environment\/emissions\/co2_vol_mass.cfm\"><span style=\"font-weight: 400;\">US EIA emissions factor<\/span><\/a><span style=\"font-weight: 400;\">) x 0.001 (kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = <\/span><b>775 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Freeport LNG Train 2<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Freeport LNG Train 2 <\/span><a href=\"https:\/\/www.hydrocarbons-technology.com\/projects\/freeport-lngs-liquefaction-texas\/\"><span style=\"font-weight: 400;\">would have<\/span><\/a><span style=\"font-weight: 400;\"> capacity to liquefy up to 4.4 million tonnes of gas each year. Therefore, the emissions enabled by this project are estimated to be: 4.4 million tonnes per annum of LNG x 30 years x 75% (assumed capacity factor) x 48.028 unit conversion (<\/span><a href=\"https:\/\/www.bp.com\/content\/dam\/bp\/business-sites\/en\/global\/corporate\/pdfs\/energy-economics\/statistical-review\/bp-stats-review-2019-approximate-conversion-factors.pdf\"><span style=\"font-weight: 400;\">million tonnes of LNG to billion cubic feet of gas<\/span><\/a><span style=\"font-weight: 400;\">) x 53.12 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e per thousand cubic feet natural gas (<\/span><a href=\"https:\/\/www.eia.gov\/environment\/emissions\/co2_vol_mass.cfm\"><span style=\"font-weight: 400;\">US EIA emissions factor<\/span><\/a><span style=\"font-weight: 400;\">) x 0.001 (kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = <\/span><b>252.6 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Pluto LNG Train 2<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Woodside reports Pluto LNG Train 2 would liquefy up to 5 million tonnes per annum of gas. Therefore, the emissions enabled by this project are estimated to be: 5 million tonnes per annum of LNG x 30 years x 75% (assumed capacity factor) x 1.36 million tonnes of LNG to billion cubic metres of gas (<\/span><a href=\"https:\/\/www.bp.com\/content\/dam\/bp\/business-sites\/en\/global\/corporate\/pdfs\/energy-economics\/statistical-review\/bp-stats-review-2019-approximate-conversion-factors.pdf\"><span style=\"font-weight: 400;\">BP conversion factor<\/span><\/a><span style=\"font-weight: 400;\">) x 10^9 (billion cubic metres of gas to cubic metres of gas) x 2.03574 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e per cubic metre of gas (<\/span><a href=\"https:\/\/publications.industry.gov.au\/publications\/climate-change\/climate-change\/climate-science-data\/greenhouse-gas-measurement\/publications\/nger-technical-guidelines-reporting-year-2017-18.html\"><span style=\"font-weight: 400;\">NGER Technical Guidelines 2017-18<\/span><\/a><span style=\"font-weight: 400;\">) x 0.001 (kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = <\/span><b>311.5 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">Note: According to Woodside, Pluto LNG Train 2 \u201cwould provide a clear pathway to the low-cost development of the Scarborough resources\u201d. In other words, Woodside plans to use Pluto LNG Train 2 to process gas from its proposed Scarborough gas fields. According to Woodside\u2019s own figures, combined Scope 1 and 3 lifetime emissions from the Scarborough gas fields would be 878 Mt of CO<\/span><\/i><i><span style=\"font-weight: 400;\">2<\/span><\/i><i><span style=\"font-weight: 400;\">-e, far greater than our estimate for Pluto Train 2. Further, both Scarborough and Pluto LNG Train 2 are part of Woodside\u2019s Burrup Hub \u2018vision\u2019. According to Woodside\u2019s own figures, Scope 1, 2 and 3 lifetime emissions from Burrup Hub projects could be up to 6.88 Gt CO<\/span><\/i><i><span style=\"font-weight: 400;\">2<\/span><\/i><i><span style=\"font-weight: 400;\">-e, nearly 13 times Australia&#8217;s total greenhouse gas emissions for calendar year 2019. This includes up to <\/span><\/i><a href=\"http:\/\/www.epa.wa.gov.au\/sites\/default\/files\/PER_documentation2\/Draft%20EIS%20ERD%20Part%202%20-Chapters%206-9.pdf\"><i><span style=\"font-weight: 400;\">1,615 Mt CO<\/span><\/i><i><span style=\"font-weight: 400;\">2<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> from the \u2018Browse to North West Shelf\u2019 project, <\/span><\/i><a href=\"https:\/\/files.woodside\/docs\/default-source\/current-consultation-activities\/australian-activties\/north-west-shelf-project-extension---environmental-review-document.pdf?sfvrsn=a8b10277_4\"><i><span style=\"font-weight: 400;\">4,394 Mt CO<\/span><\/i><i><span style=\"font-weight: 400;\">2<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> from the \u2018North West Shelf project extension\u2019 and <\/span><\/i><a href=\"https:\/\/www.nopsema.gov.au\/assets\/OPPs\/A724553.pdf\"><i><span style=\"font-weight: 400;\">878 Mt CO<\/span><\/i><i><span style=\"font-weight: 400;\">2<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> from the Scarborough gas fields.<\/span><\/i><\/p>\n<p><strong>Sabine Pass LNG terminal<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Once all six components (\u2018trains\u2019) of the project are fully constructed, Sabine Pass LNG would have capacity to liquefy 27 million tonnes per annum (mtpa) of gas. It was assumed that the facility would actually liquefy 20 mtpa (approx 75% capacity) of gas, on average, over 30 years. This amounts to 600 million tonnes of LNG over the lifetime of the project. Based on <\/span><a href=\"https:\/\/web.archive.org\/web\/20180517034926\/http:\/\/www.prometheusenergy.com\/_pdf\/LNGQuickFacts.pdf\"><span style=\"font-weight: 400;\">information sourced from Prometheus Energy<\/span><\/a><span style=\"font-weight: 400;\">, one tonne of LNG equals 621 LNG gallons, resulting in 372.6 billion LNG gallons processed over the lifetime of the project. The same source supplies a conversion factor of 1 LNG gallon = 82.6 cubic feet of gas. Therefore, 372.6 billion LNG gallons is equivalent to 30.77676 tcf of gas processed over the lifetime of the project. The <\/span><a href=\"https:\/\/www.eia.gov\/environment\/emissions\/co2_vol_mass.php\"><span style=\"font-weight: 400;\">US EIA<\/span><\/a><span style=\"font-weight: 400;\"> supplies an emissions factor of 53.12 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/thousand cubic feet natural gas, resulting in the project processing enough gas to emit 1,634,861,491,200 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 1.63 billion metric tonnes of CO<\/b><b>2<\/b><b> over its lifetime.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Note that these calculations do not account for emissions generated on site during the liquefaction process or upstream in the process of gas extraction or transport.<\/span><\/p>\n<p><strong>Ichthys LNG Project<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The Terminal is planned to reach a<\/span><a href=\"https:\/\/www.inpex.com.au\/projects\/ichthys-lng\/\"> <span style=\"font-weight: 400;\">nameplate capacity<\/span><\/a><span style=\"font-weight: 400;\"> of 8.9 mtpa LNG and 1.6 mtpa LPG and it was assumed that this facility would liquefy approximately 75% of this capacity, on average, over its 40-year lifetime. This amounts to 267 million tonnes (mt) of LNG and 48 mt of LPG over the lifetime of the project. Based on information sourced from<\/span><a href=\"https:\/\/www.karoonenergy.com.au\/investors\/#glossary-and-conversions\"> <span style=\"font-weight: 400;\">Karoon Energy<\/span><\/a><span style=\"font-weight: 400;\">, one tonne of LNG equals 8.9055 barrels of oil equivalent (boe) and one tonne of LPG equals 8.1876 boe, resulting in 2,377.8 million boe (mmboe) LNG and 393 mmboe LPG over the lifetime of the project. The same source supplies a conversion factor of 1 PJ = 171,937 boe. Therefore, 2,377.8 mmboe LNG is equivalent to 13,829 PJ of LNG, whilst 393 mmboe LPG is equivalent to 2,286 PJ of LPG, over the lifetime of the project. The<\/span><a href=\"https:\/\/publications.industry.gov.au\/publications\/climate-change\/climate-change\/climate-science-data\/greenhouse-gas-measurement\/publications\/nger-technical-guidelines-reporting-year-2017-18.html\"> <span style=\"font-weight: 400;\">Australian Government Department of Environment and Energy<\/span><\/a><span style=\"font-weight: 400;\"> supplies an emissions factor of 51.53 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e\/GJ of LNG and 60.60 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e\/GJ of LPG, resulting in the project processing enough gas to emit 851.14 mt CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e over its lifetime.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to the emissions estimate above and according to Ichthys, the project will<\/span><a href=\"https:\/\/www.inpex.com.au\/media\/xumm5bu0\/draft-eis-fact-sheet-greenhouse-gas.pdf\"> <span style=\"font-weight: 400;\">generate emissions<\/span><\/a><span style=\"font-weight: 400;\"> due to \u201creservoir CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> and combustion CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> emitted from the offshore and onshore processing facilities\u201d. In this regard,<\/span><a href=\"https:\/\/www.inpex.com.au\/media\/xumm5bu0\/draft-eis-fact-sheet-greenhouse-gas.pdf\"> <span style=\"font-weight: 400;\">Ichthys states<\/span><\/a><span style=\"font-weight: 400;\"> that \u201cthe Ichthys Project is expected to emit approximately 280 Mt of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> over its 40-year lifetime.\u201d <\/span><b>Total: 1.13 billion tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><b>Hong Kong Offshore LNG Terminal Project<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"http:\/\/env.hkolng.com\/en\/project_background.html\"><span style=\"font-weight: 400;\">Hong Kong Offshore LNG Terminal Project<\/span><\/a><span style=\"font-weight: 400;\"> is an under-construction (<\/span><a href=\"https:\/\/www.clpgroup.com\/content\/dam\/clp-group\/channels\/investor\/document\/3-3-financial-reports\/2020\/e_2020Annual%20Report.pdf.coredownload.pdf\"><span style=\"font-weight: 400;\">as of December 2020<\/span><\/a><span style=\"font-weight: 400;\"> [p.20]) offshore LNG import facility, which would supply Hong Kong\u2019s Black Point and Lamma gas-fired power stations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/www.argusmedia.com\/en\/news\/2195013-hong-kong-lng-terminal-start-date-slips-further\"><span style=\"font-weight: 400;\">Argus Media<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.xindemarinenews.com\/en\/lng&amp;offshore\/2020\/0226\/18497.html\"><span style=\"font-weight: 400;\">Xinde Marine News<\/span><\/a><span style=\"font-weight: 400;\">, the facility can send out up to 4 mtpa LNG. There are already <\/span><a href=\"https:\/\/www.argusmedia.com\/en\/news\/2195013-hong-kong-lng-terminal-start-date-slips-further\"><span style=\"font-weight: 400;\">1.2 mtpa of LNG supply arrangements<\/span><\/a><span style=\"font-weight: 400;\"> in place, with additional \u201cunspecified volumes of LNG\u201d set to be contracted upon project completion. So it appears the facility will import and distribute more than 1.2 mtpa LNG, though it\u2019s unclear how much more and for how long. In the absence of further information, it was assumed the project will operate at an average 50% capacity (i.e. process 2 mtpa) over its lifetime.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the project\u2019s <\/span><a href=\"https:\/\/www.epd.gov.hk\/eia\/register\/report\/eiareport\/eia_2562018\/HTML\/0359722_EIA_TOC%20v3-PDF.htm\"><span style=\"font-weight: 400;\">environmental impact assessment (EIA)<\/span><\/a><span style=\"font-weight: 400;\"> notes the design life of certain individual project components, it doesn\u2019t clarify the design life of a critical component known as the \u2018FSRU vessel\u2019. It was assumed the design life of the FSRU vessel is 20 years, as <\/span><a href=\"https:\/\/www.offshore-technology.com\/features\/featureis-floating-lng-really-the-best-option-for-emerging-economies-5778131\/\"><span style=\"font-weight: 400;\">according to<\/span><\/a><span style=\"font-weight: 400;\"> Business Solutions Group\u2019s Augusto Bulte, Midstream and LNG Manager for America (as of April 2017): \u201cTechnically an FSRU can be operative 20 years after building it, possibly more with the appropriate overhauling\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, the project would import, re-gasify and distribute 40 million tonnes of LNG over its lifetime. 40 mt LNG contains 2,217 petajoules (PJ) of energy (<\/span><a href=\"https:\/\/www.santos.com\/conversion-calculator\/\"><span style=\"font-weight: 400;\">Santos Conversion Calculator<\/span><\/a><span style=\"font-weight: 400;\">), equivalent to 2.217 billion gigajoules (GJ). Upon combustion, 1 GJ of LNG releases 51.53 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e (<\/span><a href=\"https:\/\/www.industry.gov.au\/sites\/default\/files\/2020-10\/national-greenhouse-accounts-factors-2020.pdf\"><span style=\"font-weight: 400;\">\u2018National Greenhouse Accounts Factors\u2019, Australian Government Department of Industry, Science, Energy and Resources, 2020<\/span><\/a><span style=\"font-weight: 400;\">). Therefore, combustion of gas imported via the Hong Kong Offshore LNG Terminal Project would result in emissions of approximately 2,217,000,000 x 51.53 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e = <\/span><b>114 million tonnes of CO<\/b><b>2<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some of the gas from this project will supply Black Point Power Station, which is another project funded by ANZ. To avoid double counting emissions, we estimate the additional emissions associated with ANZ&#8217;s funding of this project to be 114 &#8211; 26 = <\/span><b>88 million tonnes of CO<\/b><b>2<\/b><span style=\"font-weight: 400;\"> (estimated lifetime emissions enabled by Hong Kong Offshore LNG Terminal minus estimated lifetime emissions from Black Point Power Station).<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><b>Oil and gas drilling<\/b><\/span><\/p>\n<p><strong>Johan Sverdrup oil field<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Gross 2P reserves at Johan Sverdrup were <\/span><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1140625\/000117184316007184\/newsrelease.htm\"><span style=\"font-weight: 400;\">2,279 MMBoe<\/span><\/a><span style=\"font-weight: 400;\"> (515 MMBoe net 2P reserves \u00f7 22.6% Lundin Petroleum working interest). The field is 95% oil and 5% gas and natural gas liquids. This equates to 2,165 MMBo and 114 MMBoe gas. One barrel of oil releases <\/span><a href=\"https:\/\/www.epa.gov\/energy\/ghg-equivalencies-calculator-calculations-and-references\"><span style=\"font-weight: 400;\">0.43 metric tons of CO<\/span><span style=\"font-weight: 400;\">2<\/span><\/a><span style=\"font-weight: 400;\"> when combusted. Therefore, emissions from the oil portion of the field are 2,165 MMBo x 0.43 = 931 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. 114 MMBoe is equivalent to <\/span><a href=\"https:\/\/www.eia.gov\/energyexplained\/index.cfm?page=about_energy_conversion_calculator\"><span style=\"font-weight: 400;\">6.612\u00d710^14 Btu<\/span><\/a><span style=\"font-weight: 400;\"> or <\/span><a href=\"https:\/\/www.eia.gov\/tools\/faqs\/faq.cfm?id=45&amp;t=7\"><span style=\"font-weight: 400;\">6.612\u00d710^9 therms<\/span><\/a><span style=\"font-weight: 400;\">. Natural gas releases <\/span><a href=\"https:\/\/www.epa.gov\/energy\/ghg-equivalencies-calculator-calculations-and-references\"><span style=\"font-weight: 400;\">0.005302 tonnes CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/ therm<\/span><\/a><span style=\"font-weight: 400;\"> when combusted. Therefore, emissions from the gas portion of the field are 6.612\u00d710^9 x 0.005302 = 35 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 966 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Elk-Antelope gas field<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Average certified 2C resource at Elk-Antelope were <\/span><a href=\"https:\/\/web.archive.org\/web\/20160804073102\/http:\/\/www.oilsearch.com\/Media\/docs\/160715%20PAC%20sellers'%20certification%20completed-12ad2ea5-2d3d-433d-ba32-1ff63a89d675-0.pdf\"><span style=\"font-weight: 400;\">6.43 tcf of raw gas<\/span><\/a><span style=\"font-weight: 400;\">. One thousand cubic feet of natural gas releases <\/span><a href=\"https:\/\/www.eia.gov\/environment\/emissions\/co2_vol_mass.cfm\"><span style=\"font-weight: 400;\">53.12 kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><\/a><span style=\"font-weight: 400;\"> when combusted. Therefore, Elk-Antelope facilitates emissions of approximately 6.43 x 53.12 x 10^9 kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 341.5 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Medco North Sumatra Block A PSC<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">According to<\/span><a href=\"http:\/\/www.medcoenergi.com\/en\/download\/download_file\/?id=2995\"> <span style=\"font-weight: 400;\">Medco Energi<\/span><\/a><span style=\"font-weight: 400;\">: \u201c[Block A Aceh] Phase I will monetize 237 TBTU of gas and 5.17 MMBO of condensate for the domestic market\u201d and also \u201cPhase II and III development of gas discoveries with resources of &gt; 5TCF, enough to generate 1.5GW to support Sumatra electricity demand growth\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using the<\/span><a href=\"https:\/\/www.iea.org\/reports\/unit-converter-and-glossary\"> <span style=\"font-weight: 400;\">IEA Unit Converter<\/span><\/a><span style=\"font-weight: 400;\">, the 237 trillion British thermal units (TBTU) of gas from Phase 1 was converted to 250,048,237 gigajoules (GJ). Using the<\/span><a href=\"https:\/\/www.karoonenergy.com.au\/investors\/#glossary-and-conversions\"> <span style=\"font-weight: 400;\">Karoon Energy<\/span><\/a><span style=\"font-weight: 400;\"> unit converter, 5.17 million barrels of oil (MMBO) condensate was converted to 29.469 billion cubic feet (BCF) gas-equivalent (1 boe = 5,700 Cubic Feet Gas), which was then converted to 32.12 PJ (1 BCF natural gas = 1.09 PJ) or 32,120,000 GJ. Using the same converter, the 5 TCF (5000 BCF) gas from phases 2 and 3 was converted to 5,450 PJ or 5,450,000,000 GJ. Therefore, total estimated gas development represents 5,732,168,237 GJ gas.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One GJ of natural gas releases<\/span><a href=\"https:\/\/publications.industry.gov.au\/publications\/climate-change\/climate-change\/climate-science-data\/greenhouse-gas-measurement\/publications\/nger-technical-guidelines-reporting-year-2017-18.html\"> <span style=\"font-weight: 400;\">51.53 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e<\/span><\/a><span style=\"font-weight: 400;\"> when combusted. Therefore, Block A Aceh was estimated to facilitate emissions of approximately 5,732,168,237 x 51.53 kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 295 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><b><\/b><\/p>\n<p><strong>Senoro gas field phase 2<\/strong><\/p>\n<p><a href=\"http:\/\/www.medcoenergi.com\/reserve_report?csrf_test_name=0e6d06fd4744f88332333db0e009aba5&amp;group=all&amp;type=2p&amp;from_year=2018&amp;to_year=2018&amp;location=all&amp;submit=Go\"><span style=\"font-weight: 400;\">Medco reported<\/span><\/a><span style=\"font-weight: 400;\"> 329.7 billion cubic feet (bcf) of 2P gas reserves in 2018. Given Medco owns 30% of Senoro and reports reserves in net terms, the overall reserves at Senoro are 329.7 \/ 30% = 1099 bcf gas (this is consistent with Medco\u2019s previous <\/span><a href=\"https:\/\/www.medcoenergi.com\/download\/download_file?id=2693\"><span style=\"font-weight: 400;\">reporting<\/span><\/a><span style=\"font-weight: 400;\"> that \u2018gross proved reserves\u2019 at Senoro are 1.4 trillion cubic feet of gas). Senoro Phase 2 is expected to <\/span><a href=\"http:\/\/www.medcoenergi.com\/download\/download_file?id=2743\"><span style=\"font-weight: 400;\">increase production<\/span><\/a><span style=\"font-weight: 400;\"> from 310 to 410 million standard cubic feet per day (mmscfd) of gas. Therefore it was assumed the proportion of reserves attributable to Phase 2 was at least (140\/450 =) 31%. <\/span><a href=\"http:\/\/www.medcoenergi.com\/download\/download_file?id=2743\"><span style=\"font-weight: 400;\">Medco reports<\/span><\/a><span style=\"font-weight: 400;\"> 55 mmscfd of 310 mmscfd (18%) of gas production is bought by fertilizer manufacturers. Therefore it was assumed only 82% of gas is intended for combustion. Therefore, the emissions enabled by this project are estimated to be: 1099 bcf gas x 31% (assumed proportion of gas attributable to Phase 2) x 82% (assumed proportion of gas for combustion) x 1000,000 (billion to thousand cubic feet of gas) x 53.12 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e per thousand cubic feet natural gas (<\/span><a href=\"https:\/\/www.eia.gov\/environment\/emissions\/co2_vol_mass.cfm\"><span style=\"font-weight: 400;\">US EIA emissions factor<\/span><\/a><span style=\"font-weight: 400;\">) x 0.001 (kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = <\/span><b>15 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Cambo oil and gas fields<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Siccar Point Energy <\/span><a href=\"https:\/\/www.siccarpointenergy.co.uk\/our-portfolio\/corona-ridge-area\"><span style=\"font-weight: 400;\">stated<\/span> <\/a><span style=\"font-weight: 400;\">the Cambo oil and gas field &#8220;contains over 800 million barrels of oil &#8230; Phase 1 will target c.170mmBOE [million barrels of oil-equivalent] of reserves.&#8221; The 170 mmboe reserve estimate was split 50:50 between oil and gas outputs as no public information was found on the estimated reserves by product. Therefore, the emissions from the gas portion of the field are estimated to be:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gas portion: 170 (mmBOE reserves) x 50% (gas portion) x 0.17 mmBOE to billion cubic metres of gas (<\/span><a href=\"https:\/\/www.bp.com\/content\/dam\/bp\/business-sites\/en\/global\/corporate\/pdfs\/energy-economics\/statistical-review\/bp-stats-review-2019-approximate-conversion-factors.pdf\"><span style=\"font-weight: 400;\">BP conversion factor<\/span><\/a><span style=\"font-weight: 400;\">) x 2.031 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e per cubic metre of natural gas (<\/span><a href=\"https:\/\/www.gov.uk\/government\/publications\/greenhouse-gas-reporting-conversion-factors-2019\"><span style=\"font-weight: 400;\">UK Government greenhouse gas conversion factors<\/span><\/a><span style=\"font-weight: 400;\">) x 0.001 (kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oil portion: 170 (mmBOE reserves) x 50% (oil porton) x 1,000,000 (mmBOE to BOE) x 0.43 metric tonnes CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> per BOE (<\/span><a href=\"https:\/\/www.epa.gov\/energy\/greenhouse-gases-equivalencies-calculator-calculations-and-references\"><span style=\"font-weight: 400;\">US EPA<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gas portion + oil porton = <\/span><b>65.9 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Tolmount gas field<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/www.premier-oil.com\/premieroil\/media\/press\/tolmount-development-sanctioned\"><span style=\"font-weight: 400;\">Premier Oil<\/span><\/a><span style=\"font-weight: 400;\">, the Tolmount gas field would produce around 500 billion cubic feet (bcf) of gas. Therefore, the emissions from the gas portion of the field are estimated to be: 500 bcf gas x 10^9 (billion cubic feet of gas to cubic feet of gas) x 0.028 cubic feet of gas to cubic metres of gas (<\/span><a href=\"https:\/\/www.bp.com\/content\/dam\/bp\/business-sites\/en\/global\/corporate\/pdfs\/energy-economics\/statistical-review\/bp-stats-review-2019-approximate-conversion-factors.pdf\"><span style=\"font-weight: 400;\">BP conversion factor<\/span><\/a><span style=\"font-weight: 400;\">) x 2.031 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e per cubic metre of natural gas (<\/span><a href=\"https:\/\/www.gov.uk\/government\/publications\/greenhouse-gas-reporting-conversion-factors-2019\"><span style=\"font-weight: 400;\">UK Government greenhouse gas conversion factors<\/span><\/a><span style=\"font-weight: 400;\">) x 0.001 (kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = <\/span><b>28.4 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Project Atlas and Roma North gas fields<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">In October 2018, Senex Energy <\/span><a href=\"https:\/\/www.senexenergy.com.au\/wp-content\/uploads\/2018\/10\/2018.10.29-Financial-Close-of-Debt-Facility.pdf\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> it received $150 million from ANZ to &#8220;fund expansionary capital expenditure across its Surat Basin and Cooper Basin oil and gas acreage.&#8221; On the day this deal was closed, Senex announced it had made a \u2018final investment decision\u2019 to develop the Project Atlas and Roma North gas fields in the Surat Basin. 3 months before the deal closed, Senex Energy <\/span><a href=\"https:\/\/www.senexenergy.com.au\/operations\/reserves\/\"><span style=\"font-weight: 400;\">identified<\/span><\/a><span style=\"font-weight: 400;\"> 300 PJ in undeveloped 2P reserves at its Project Atlas and Roma North gas fields. Senex <\/span><a href=\"https:\/\/www.senexenergy.com.au\/operations\/reserves\/\"><span style=\"font-weight: 400;\">reports<\/span> <\/a><span style=\"font-weight: 400;\">that its 2P reserves consist of 7% oil and 93% gas across all projects. As oil represents a minor portion of total production and for simplicity, all reserves were treated as natural gas, which made no material difference to the emissions estimates. Therefore, the emissions from the gas portion of the field are estimated to be: 300 PJ gas x 1,000,000 PJ gas to GJ gas x 51.8 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e\/GJ of gas (<\/span><a href=\"https:\/\/publications.industry.gov.au\/publications\/climate-change\/climate-change\/climate-science-data\/greenhouse-gas-measurement\/publications\/nger-technical-guidelines-reporting-year-2017-18.html\"><span style=\"font-weight: 400;\">NGER Technical Guidelines 2017-18<\/span><\/a><span style=\"font-weight: 400;\">) x 0.001 (kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> to tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">) = <\/span><b>15.5 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><strong>Sole Gas Field<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The Sole Gas Field is assessed to contain proved and probable reserves of 249 PJ of sales gas. One gigajoule (GJ) of natural gas releases 51.53 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e when combusted. Therefore, the Sole Gas Field facilitates emissions of approximately 249 x 10^6 x 51.53 kg of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 12.8 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><b>Barossa\/Caldita gas field<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Barossa is an offshore gas field. The gas from this project would be liquefied at the Darwin LNG liquefaction facility and exported. As such, the project\u2019s owners typically refer to the gas produced from Barossa as \u2018LNG\u2019.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/www.nopsema.gov.au\/node\/593#opp--barossa-area-development--rev-5--march-2018\"><span style=\"font-weight: 400;\">official project documents<\/span><\/a><span style=\"font-weight: 400;\">, the project would have \u201ca production rate of approximately 3.7 Mtpa of LNG, and approximately 1.5 MMbbl\/yr of condensate\u201d and an operating life of 25 years. Therefore, over its lifetime the project would produce 92.5 million tonnes (mt) of LNG and 37.5 million barrels (MMbbl) of condensate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regarding the LNG component, 92.5 mt LNG contains 5,127 petajoules (PJ) of energy (<\/span><a href=\"https:\/\/www.santos.com\/conversion-calculator\/\"><span style=\"font-weight: 400;\">Santos Conversion Calculator<\/span><\/a><span style=\"font-weight: 400;\">), equivalent to 5.127 billion gigajoules (GJ). Upon combustion, 1 GJ of LNG releases 51.53 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e (<\/span><a href=\"https:\/\/www.industry.gov.au\/sites\/default\/files\/2020-10\/national-greenhouse-accounts-factors-2020.pdf\"><span style=\"font-weight: 400;\">\u2018National Greenhouse Accounts Factors\u2019, Australian Government Department of Industry, Science, Energy and Resources, 2020<\/span><\/a><span style=\"font-weight: 400;\">). Therefore, combustion of Barossa gas would result in emissions of approximately 5,127,000,000 x 51.53 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e = 264 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">37.5 MMbbl of condensate = 4.16 mt of condensate (<\/span><a href=\"https:\/\/www.santos.com\/conversion-calculator\/\"><span style=\"font-weight: 400;\">Santos Conversion Calculator<\/span><\/a><span style=\"font-weight: 400;\">). According to the <\/span><a href=\"https:\/\/www.industry.gov.au\/sites\/default\/files\/2020-10\/national-greenhouse-accounts-factors-2020.pdf\"><span style=\"font-weight: 400;\">Australian Government Department of Industry, Science, Energy and Resources National Greenhouse Accounts Factors (2020)<\/span><\/a><span style=\"font-weight: 400;\">, each tonne of \u2018other natural gas liquids\u2019 (assumed to incorporate natural gas condensate) contains 46.5 GJ of energy. Therefore, 37.5 MMbbl of natural gas condensate contains 193.45 million GJ. Upon combustion, 1 GJ of \u2018other natural gas liquids\u2019 releases 61.28 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e (<\/span><a href=\"https:\/\/www.industry.gov.au\/sites\/default\/files\/2020-10\/national-greenhouse-accounts-factors-2020.pdf\"><span style=\"font-weight: 400;\">\u2018National Greenhouse Accounts Factors\u2019, Australian Government Department of Industry, Science, Energy and Resources, 2020<\/span><\/a><span style=\"font-weight: 400;\">). Therefore, combustion of Barossa condensate would result in emissions of approximately 193,450,000 x 61.28 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e = 11.8 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">-e.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to the emissions estimates above, emissions will also be generated at the project site. According to the <\/span><a href=\"https:\/\/www.nopsema.gov.au\/node\/593#opp--barossa-area-development--rev-5--march-2018\"><span style=\"font-weight: 400;\">Barossa Offshore Project Proposal<\/span><\/a><span style=\"font-weight: 400;\"> (March 2018), \u201cCO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> removal\u201d, \u201cFuel gas\u201d and \u201cFlaring\u201d will result in 3.38 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> being released each year. Over the project\u2019s 25 year operating life, this would result in 84.5 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> emissions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> emissions associated with processing of the gas at Darwin LNG\u2014a facility subject to a US$600 million, 20 year life extension <\/span><a href=\"https:\/\/www.santos.com\/news\/santos-announces-fid-on-the-barossa-gas-project-for-darwin-lng\/\"><span style=\"font-weight: 400;\">\u201ckick-started\u201d<\/span><\/a><span style=\"font-weight: 400;\"> by the Barossa FID\u2014would be 2.05 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> each year (<\/span><a href=\"https:\/\/www.nopsema.gov.au\/node\/593#opp--barossa-area-development--rev-5--march-2018\"><span style=\"font-weight: 400;\">Barossa Offshore Project Proposal<\/span><\/a><span style=\"font-weight: 400;\">, as cited by <\/span><a href=\"http:\/\/ieefa.org\/wp-content\/uploads\/2021\/03\/Should-Santos-Proposed-Barossa-Gas-Backfill-for-the-Darwin-LNG-Facility-Proceed-to-Development_March-2021.pdf\"><span style=\"font-weight: 400;\">IEEFA<\/span><\/a><span style=\"font-weight: 400;\">), equivalent to a further 41 million tonnes of CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\"> over the 20 year life extension.<\/span><\/p>\n<p><b>Total: 401 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><b><span style=\"font-weight: 400;\">The huge emissions potential associated with this project has led Process Engineer and Industrial Economist John Robert to <\/span><a href=\"https:\/\/ieefa.org\/ieefa-santos-barossa-gas-field-emissions-create-major-risks-for-shareholders\/\"><span style=\"font-weight: 400;\">state<\/span><\/a> <i><span style=\"font-weight: 400;\">\u201cthe Barossa to Darwin LNG project looks more like a CO<\/span><\/i><i><span style=\"font-weight: 400;\">2<\/span><\/i><i><span style=\"font-weight: 400;\"> emissions factory with an LNG by-product\u201d<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><\/b><\/p>\n<p><b><span style=\"font-weight: 400;\"><\/span><\/b><\/p>\n<p><span style=\"text-decoration: underline;\"><b>Gas-fired power plants<\/b><\/span><\/p>\n<p><span style=\"font-weight: 400;\">The average capacity factor for US-based combined cycle gas turbines (CCGT) is approximately 50% (2010-2019) according to the <\/span><a href=\"https:\/\/www.eia.gov\/electricity\/monthly\/epm_table_grapher.php?t=epmt_6_07_a\"><span style=\"font-weight: 400;\">US Energy Information Administration<\/span><\/a><span style=\"font-weight: 400;\">. Given that the majority of new or expanded gas-fired power stations funded by the big four banks were based in the US, we assumed a 50% average capacity factor across a 30-year economic lifetime for all CCGT power stations. Assumed emissions intensity of 0.36 t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh \u2013 the lowest emissions intensity for this type of gas technology.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lackawanna emissions = 1480 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 70,009,920 t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 70 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">AES Corporation portfolio emissions = 1300 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 61,495,200 t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 61.5 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Jackson Generation CCGT Plant emissions = 1200 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 56,764,800 tCO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 56.8 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">South Field Energy Gas-Fired Power Plant emissions = 1182 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 55,913,328 tCO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 55.9 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Cricket Valley emissions = 1100 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 52,034,400 t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 52.0 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">CPV Fairview emissions = 1050 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 49,669,200 t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">.\u00a0 <\/span><b>Total: 49.7 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Hickory Run emissions = 1000 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 47,304,000 t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 47.3 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Westmoreland emissions = 925 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 43,756,200 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 43.7 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Jawa 2 emissions = 880 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 41,627,520 t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">.\u00a0 <\/span><b>Total: 41.6 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Towantic emissions = 785 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 37,133,640 kg CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">. <\/span><b>Total: 37.1 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Tambak Lorok Combined Cycle Power Plant Block 3 emissions = 780 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 36,897,120 t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">.\u00a0 <\/span><b>Total: 36.9 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Black Point emissions = 550 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 26,017,200 t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">.\u00a0 <\/span><b>Total: 26.0 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Muara Karang emissions = 500 (MW capacity) x 8760 (hours in the year) x 30 (years) x 0.5 (capacity factor) x 0.36 (t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">\/MWh emissions intensity) = 23,652,000 t CO<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">.\u00a0 <\/span><b>Total: 23.7 million tonnes of CO<\/b><b>2<\/b><b>.<\/b><\/p>\n<p>[\/et_pb_toggle][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ARCHIVED CONTENTThis report has been replaced with an updated version. You can find our latest reports here.FUNDING CLIMATE FAILUREHow Australia\u2019s big banks are undermining the Paris Agreement and net zero by 2050.Acland coal mine. Image credit: Lock the Gate (CC BY 2.0)This report was published in September 2021. The data in the report covers the [&hellip;]<\/p>\n","protected":false},"author":64,"featured_media":55701,"parent":42489,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"class_list":["post-55076","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Funding climate failure: How Australia\u2019s big banks are undermining the Paris Agreement and net zero by 2050 - Market Forces<\/title>\n<meta name=\"description\" content=\"How Australia\u2019s big banks are undermining the Paris Agreement and net zero by 2050.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketforces.org.au\/campaigns\/banks\/bigfourscorecard\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Funding climate failure: How Australia\u2019s big banks are undermining the Paris Agreement and net zero by 2050 - 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