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The Conversation
The Conversation
Environment
Christian Downie, Associate Professor, Australian National University

Tiwi Islands offshore gas fight shows public banks are under real pressure over fossil fuel funding

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Not so long ago, it was easy for public banks to fund new fossil fuel projects. But now, as the world faces a worsening climate crisis, the tide may be turning.

Case in point: after Traditional owners filed an injunction over a Santos gas development near the Tiwi islands, South Korea’s export credit agency announced it would reconsider its financial support.

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