Activist group Market Forces says continued funding of coal, oil and gas is incompatible with net zero commitments
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Executives at Australia’s big four banks will face anger over funding fossil fuels this annual meeting season, with shareholder activists renewing efforts to force them to account for investments that increase global heating.
At their annual meeting on Wednesday, shareholders at Australia’s biggest bank, the Commonwealth, will consider a resolution lodged by activist group Market Forces that was aimed at stopping it from financing new fossil fuel projects or the expansion of existing ones.
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Continue reading…Activist group Market Forces says continued funding of coal, oil and gas is incompatible with net zero commitmentsFollow our Australia news live blog for the latest updatesGet our free news app, morning email briefing or daily news podcastExecutives at Australia’s big four banks will face anger over funding fossil fuels this annual meeting season, with shareholder activists renewing efforts to force them to account for investments that increase global heating.At their annual meeting on Wednesday, shareholders at Australia’s biggest bank, the Commonwealth, will consider a resolution lodged by activist group Market Forces that was aimed at stopping it from financing new fossil fuel projects or the expansion of existing ones.Sign up to receive an email with the top stories from Guardian Australia every morning Continue reading…