- In short: Australia’s largest mortgage lender [CBA] is no longer offering money to fossil fuel companies that are not aligned with the Paris Agreement.
- The bank announced the new direction in its latest climate report, published on the same day it posted close to $10 billion in full-year net profit.
- What’s next? The spotlight is now on the other big banks with a finance deal of about $750 million for oil and gas giant Santos on the table.
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