Its Over, page-18595

....this is what I mean by LEGACY.

....the Govt did not impose this on CBA.

‘Gas corps should be sweating’: CBA’s new fossil fuel lending rules
James Eyers and Lucas Baird
Aug 10, 2023 – 11.39am

KEY POINTS

• Why it matters: oil and gas groups are finding it more difficult to access debt
• CBA will require audited transition plans disclosing even Scope 3 emissions
• CBA will lend if it is required to safeguard stability of the energy grid

Commonwealth Bank is lifting the bar on oil and gas producers’ access to financing, requiring fossil fuel producers to provide detailed plans that disclose carbon emissions through the supply chain.
In an updated policy published alongside its annual results on Wednesday, CBA said customers who derive 15 per cent or more of their revenue from the sale of oil, gas or metallurgical coal must produce a transition plan, audited by a third party, to get a new loan after 2025.