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Fossil Fuel

Australia’s big four banks fund $61 billion to fossil fuel companies

The Wire / By

A new report by Market Forces a non-for-profit climate group reveals, Australia’s big four banks have collectively financed over $61 billion into fossil fuel projects since the Paris Agreement, despite their public commitments to climate goals. In 2023 alone, these banks loaned $3.6 billion to fossil fuel companies, including $2.5 billion to those expanding coal, …

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Perth Gets Ready for First Festival Season ‘Fossil-Free’

The Wire / By

This month, two of Perth’s biggest arts and culture Festivals are preparing for what will be their first ‘fossil-free’ festival season. With both Fringe World and Perth Festival having ended their partnerships with fossil fuel giants Woodside and Chevron. The decision comes after a five-year campaign led by climate activists and WA-based artists. Image: Image: …

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Recap of COP28 summit in Dubai

The Wire / By

The COP28 summit in Dubai concludes today, without a strong agreement to phase out fossil fuels. Instead, countries like the US, UK, Japan, and Australia won’t sign an agreement to ‘death certificates’, referring to the Pacific countries already affected by climate change. The Wire’s Eduardo Jordan spoke with National Radio News correspondent Amanda Copp and …

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Superannuation funds are greenwashing climate targets

The Wire / By

A new report released by Market Forces shows some superannuation funds are greenwashing their climate targets. The report shows how five superannuation companies are doing this practice, despite the legal risk they face. Produced By: Eduardo Jordan Featured In Story: Brett Morgan – Superannuation Funds Campaigner at Market Forces First aired on The Wire, Friday …

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Australia’s big four banks responsible for almost 9 billion tonnes of CO2

The Wire / By

An investor briefing has revealed ANZ, NAB, Westpac and Commonwealth Bank are undermining numerous commitments to lower the financing of fossil fuel projects. The briefing found corporate finance responsible for enabling the release of 8.9 billion tonnes of carbon dioxide and supplying up to 80 per cent of funds for new and upcoming coal projects …

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