In short:
Australia’s largest mortgage lender 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.
That logo looks like a slice of Kraft singles someone threw at the wall.