ANZ is the 'most woke' of the 'Big 4' Australian banks (and NAB probably the 'least woke', though the gap isn't huge).
What a disgrace this is (in today's 'The Australian'):ANZ to stop funding oil and gas extraction
"...But, ANZ said it would now only lend to new oil and gas projects on national energy security grounds and if its assistance was directly sought.
“We will consider exceptions on a case-by-case basis,” the bank said.
However, ANZ will continue to supply overall corporate financing to oil and gas players, but will closely scrutinise companies using its funding if they seek to put the cash towards extraction projects.
ANZ said it supported oil and gas companies “who have credible, disclosed transition plans,” requiring they have “well developed” status by 2025.
ANZ has de-banked coal producer Whitehaven, but continues to bank several oil and gas companies throughout Asia..."
ANZ is the 'most woke' of the 'Big 4' Australian banks (and NAB...
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