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AAP
AAP
Alex Mitchell

Banks improve climate funding, but work to do: report

ANZ Westpac Joel Carrett Kyle Robertson Market Forces NAB Coal NT Oil
A report says the big four banks are not doing enough to live up to their climate commitments. (Joel Carrett/AAP PHOTOS)

Australia's big four banks did not directly finance any new or expanded coal or gas projects last year but are still accused of failing to meet their own climate targets.

Commonwealth Bank, ANZ, NAB and Westpac loaned $3.6 billion to fossil fuel projects in 2023, taking their overall tally to $61 billion since the Paris climate agreement was reached in 2016.

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