Shareholders against fossil-fuel financing


The resolutions ask for a firm commitment from Westpac Banking Corp, Australia and New Zealand Banking Group (ANZ) and National Australia Bank (NAB) not to fund any fossil fuel projects, in line with calls by the International Energy Agency (IEA).

SYDNEY: A group of shareholders has filed climate change resolutions with three of Australia’s Big Four banks, asking them to abide by their self-declared support for net-zero emissions by 2050 and stop financing fossil fuels.

The resolutions ask for a firm commitment from Westpac Banking Corp, Australia and New Zealand Banking Group (ANZ) and National Australia Bank (NAB) not to fund any fossil fuel projects, in line with calls by the International Energy Agency (IEA).

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Banks , shareholders , against , fossil-fuel financing ,

   

Next In Business News

Inta Bina secures RM224.80mil contract for serviced apartment project
UMediC transfers to Main Market
Ringgit closes marginally higher against US dollar
AirAsia X mulls flying to Eastern Europe, London and Orlando
MKHOP posts RM16mil net profit in 2Q24
Gobind: Appointment of new DNB board members marks major milestone in 5G network restructuring
Microsoft CEO Satya Nadella's visit to Malaysia scheduled on May 2
ViTrox optimistic on semiconductor sector growth
Pavilion REIT’s 1Q net profit rises to RM83.2mil
Martijn Rene van Keulen to helm Heineken Malaysia from July 1

Others Also Read