{"id":81323,"date":"2025-11-12T05:00:00","date_gmt":"2025-11-11T18:00:00","guid":{"rendered":"https:\/\/www.marketforces.org.au\/?page_id=81323"},"modified":"2025-11-11T22:11:23","modified_gmt":"2025-11-11T11:11:23","slug":"fossil-fuel-blocklist-report","status":"publish","type":"page","link":"https:\/\/www.marketforces.org.au\/campaigns\/banks\/fossil-fuel-blocklist-report\/","title":{"rendered":"Fossil fuel blocklist – The companies Australia\u2019s big four banks can no longer touch"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ _builder_version=”4.23″ _module_preset=”default” custom_padding=”0px||12px||false|false” global_module=”69001″ saved_tabs=”all” global_colors_info=”{}”][et_pb_row module_class=”mf-breadcrumbs” _builder_version=”4.23″ _module_preset=”default” max_width=”1440px” custom_padding=”0px||0px||false|false” custom_css_main_element=”margin: auto;” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.27.0″ _module_preset=”default” custom_css_main_element=”margin: auto;” global_colors_info=”{}”]Home<\/a><\/span><\/span>[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” admin_label=”Section – Header” _builder_version=”4.27.4″ _module_preset=”default” background_image=”https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2025\/11\/Fossil-fuel-company-blocklist-banner.png” background_position=”top_left” width_tablet=”100%” width_phone=”100%” width_last_edited=”on|phone” max_width=”1440px” module_alignment=”center” min_height=”400px” custom_margin=”||||false|false” custom_padding=”0px|0px|0px|0px|false|false” custom_padding_tablet=”0px|0px|0px|0px|false|false” custom_padding_phone=”||||false|false” custom_css_main_element=”display: flex;|| align-items: flex-end;|| justify-content: center;” global_colors_info=”{}”][et_pb_row _builder_version=”4.20.0″ _module_preset=”default” background_color=”#FFFFFF” width=”100%” max_width=”885px” module_alignment=”center” custom_padding=”29px|49px|0px|49px|false|true” custom_css_main_element=”align-self: flex-end;|| margin: unset;” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.20.0″ _module_preset=”default” custom_padding=”||||false|false” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.2″ _module_preset=”default” text_font=”Poppins|600||on|||||” text_text_color=”#F06400″ text_line_height=”1.42em” custom_margin=”||8px||false|false” global_colors_info=”{}”]

Report<\/p>[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” header_font=”|800|||||||” header_text_color=”#131313″ header_2_font=”|800|||||||” custom_margin=”||1px|||” header_font_size_tablet=”48px” header_font_size_phone=”42px” header_font_size_last_edited=”on|phone” global_colors_info=”{}”]

Fossil fuel blocklist<\/h1>[\/et_pb_text][et_pb_text disabled_on=”off|off|off” _builder_version=”4.27.4″ _module_preset=”default” header_2_font=”|800|||||||” header_2_font_size=”24px” header_2_line_height=”1.2em” global_colors_info=”{}”]

The companies Australia\u2019s big four banks can no longer touch<\/h2>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Section – Social Sharing left floatin” module_class=”share-float-left” _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”63px||63px||true|false” global_colors_info=”{}”][et_pb_row use_custom_gutter=”on” gutter_width=”1″ _builder_version=”4.20.0″ _module_preset=”default” background_color=”#fafafa” custom_padding=”25px|30px|25px|30px|true|true” custom_css_main_element=”display: flex;|| align-items: center;” global_colors_info=”{}” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_tablet=”display: block;” custom_css_main_element_phone=”display: block;”][et_pb_column type=”4_4″ _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.23.2″ _module_preset=”default” text_font=”Poppins|500|||||||” text_text_color=”#b2b2b2″ text_font_size=”12px” text_line_height=”1.5em” global_colors_info=”{}”]

Last updated: November 2025<\/p>[\/et_pb_text][et_pb_divider color=”#f2f2f2″ divider_weight=”4px” _builder_version=”4.20.2″ _module_preset=”default” width=”40px” max_width=”40px” module_alignment=”left” custom_margin=”20px||||false|false” global_colors_info=”{}”][\/et_pb_divider][dssb_sharing_buttons use_custom_icon_size=”on” icon_font_size=”14px” icon_bg=”#fa6d6d” icon_padding=”16px” btn_padding=”||15px||false|false” use_sharing_title=”on” sharing_title=”Share” sharing_title_inline=”on” module_class=”share-inline” _builder_version=”4.21.0″ _module_preset=”default” sharing_title_font=”|600||on|||||” sharing_title_text_align=”left” width=”100%” max_width=”100%” module_alignment=”left” custom_margin=”||0px||false|false” custom_padding=”||||false|false” border_radii_icon=”on|50%|50%|50%|50%” global_colors_info=”{}”][dssb_sharing_button social_network=”linkedin” _builder_version=”4.20.0″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” background_enable_color=”on” custom_margin=”||0px||false|false” custom_padding=”||||false|false” border_color_all_item=”RGBA(255,255,255,0)” global_colors_info=”{}”][\/dssb_sharing_button][dssb_sharing_button _builder_version=”4.20.0″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” background_enable_color=”on” custom_margin=”||0px||false|false” custom_padding=”||||false|false” border_color_all_item=”RGBA(255,255,255,0)” global_colors_info=”{}”][\/dssb_sharing_button][dssb_sharing_button social_network=”twitter” _builder_version=”4.20.0″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” background_enable_color=”on” custom_margin=”||0px||false|false” custom_padding=”||||false|false” border_color_all_item=”RGBA(255,255,255,0)” global_colors_info=”{}”][\/dssb_sharing_button][dssb_sharing_button social_network=”email” _builder_version=”4.21.0″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” background_enable_color=”on” custom_margin=”||0px||false|false” custom_padding=”||||false|false” border_color_all_item=”RGBA(255,255,255,0)” global_colors_info=”{}”][\/dssb_sharing_button][\/dssb_sharing_buttons][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.20.2″ _module_preset=”default” custom_padding=”21px||21px||true|false” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” width_tablet=”90%” width_phone=”90%” width_last_edited=”on|phone” custom_margin=”0px||0px||false|false” custom_padding=”||||true|true” border_color_all=”#F06400″ locked=”off” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.20.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Executive summary” _builder_version=”4.27.4″ _module_preset=”default” title_level=”h3″ global_colors_info=”{}”][\/et_pb_heading][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

Market Forces has developed the first ever Fossil Fuel Company Blocklist<\/strong> for Australian banks: 23 fossil fuel customers of the big four banks whose business models are currently incompatible with the climate goals of the Paris Agreement and must be ineligible for any new or renewed finance.<\/p>\n

All four banks have publicly endorsed the Paris Agreement and pledged to transition their lending to align with its goals and achieve net zero emissions by 2050. Yet Market Forces\u2019 latest analysis finds that in the decade since the Paris Agreement (January 2016), Australia\u2019s big four banks \u2013 ANZ, Commonwealth Bank, NAB, and Westpac \u2013 have continuously violated these commitments by financing hundreds of fossil-fuel companies, providing $43.4 billion<\/strong> to the world\u2019s major coal, oil and gas companies including over $30 billion<\/strong> for fossil fuel expansion.<\/p>[\/et_pb_text][et_pb_button button_url=”#take-action” button_text=”Take Action: send a message to the banks” button_alignment=”center” module_class=”button-lg-dark _button-align-bottom” _builder_version=”4.27.4″ _module_preset=”4a346ced-8696-4826-8640-2eed8f31cce0″ custom_button=”on” button_bg_color=”#F06400″ button_icon=”"||divi||400″ button_on_hover=”off” custom_margin_tablet=”” custom_margin_phone=”||||false|false” custom_margin_last_edited=”on|tablet” custom_padding=”|60px||10px|false|false” hover_enabled=”0″ custom_css_after=”background: #FFA06A !important;” custom_css_free_form=”selector .button-lg-dark:hover {||\tbackground-color: #FFA06A !important;||}||selector::after{|| position: absolute;|| height: 100%;|| top: 0;|| display: flex !important;|| align-items: center;|| justify-content: center;|| margin-top: 0 !important;|| padding: 0 !important;||}” global_colors_info=”{}” button_icon_color__hover_enabled=”off|desktop” custom_css_after__hover_enabled=”on|desktop” custom_css_after__hover=”background: #f06400 !important;” button_bg_color__hover_enabled=”on|hover” button_bg_color__hover=”#FFA06A” button_bg_enable_color__hover=”on” custom_css_main_element__hover_enabled=”on|hover” custom_css_main_element__hover=”background-color: #FFA06A !important;” sticky_enabled=”0″ disabled_on=”off|on|on”][\/et_pb_button][et_pb_button button_url=”#report” button_text=”View the report” button_alignment=”center” module_class=”button-lg-dark _button-align-bottom” _builder_version=”4.27.4″ _module_preset=”4a346ced-8696-4826-8640-2eed8f31cce0″ custom_button=”on” button_bg_color=”#F06400″ button_icon=”"||divi||400″ button_on_hover=”off” custom_margin_tablet=”” custom_margin_phone=”||||false|false” custom_margin_last_edited=”on|tablet” custom_padding=”|60px||10px|false|false” hover_enabled=”0″ custom_css_after=”background: #FFA06A !important;” custom_css_free_form=”selector .button-lg-dark:hover {||\tbackground-color: #FFA06A !important;||}||selector::after{|| position: absolute;|| height: 100%;|| top: 0;|| display: flex !important;|| align-items: center;|| justify-content: center;|| margin-top: 0 !important;|| padding: 0 !important;||}” global_colors_info=”{}” button_icon_color__hover_enabled=”off|desktop” custom_css_after__hover_enabled=”on|desktop” custom_css_after__hover=”background: #f06400 !important;” button_bg_color__hover_enabled=”on|hover” button_bg_color__hover=”#FFA06A” button_bg_enable_color__hover=”on” custom_css_main_element__hover_enabled=”on|hover” custom_css_main_element__hover=”background-color: #FFA06A !important;” sticky_enabled=”0″ disabled_on=”off|off|off”][\/et_pb_button][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

In developing this report, Market Forces has captured a decade of the big four banks\u2019 fossil fuel finance deals and filtered them through the Global Coal, Oil and Gas Exit Lists developed by the renowned research institute Urgewald. These lists cover the vast majority of companies responsible for fossil fuel production and combustion.<\/p>\n

This analysis finds that, since 2024, a clear divergence has arisen. Commonwealth Bank and NAB have markedly reduced fossil fuel financing while ANZ and Westpac have continued to open their cheque books to some of the world\u2019s biggest fossil fuel companies.<\/p>\n

ANZ and Westpac now stand out as Australia\u2019s fossil fuel banks, accounting for over 80% of all lending from the big four banks to \u2018Exit List\u2019 companies across 2024 and 2025. Rather than supporting a transition aligned with their own climate goals and commitments, Market Forces analysis finds that ANZ and Westpac are funding a new wave of fossil fuel expansion as Commonwealth Bank and NAB have denied finance for coal, oil and gas.<\/p>\n

This research coincides with a new era for Australia\u2019s big four banks. From 1 October 2025<\/strong>, finance from ANZ, NAB and Westpac to select fossil fuel clients will be conditioned on assessments of their Climate Transition Plans (CTPs).<\/p>[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ module_id=”take-action” _builder_version=”4.27.4″ _module_preset=”default” background_color=”#fafafa” custom_padding=”20px|20px|20px|20px|true|true” global_colors_info=”{}”][et_pb_heading title=”Take action” _builder_version=”4.27.4″ _module_preset=”default” title_level=”h2″ custom_margin=”||9px|||” global_colors_info=”{}”][\/et_pb_heading][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]

Tell the big four banks these 23 blocklisted fossil fuel companies are now off limits – fund them at your own peril.<\/p>[\/et_pb_text][et_pb_code _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]