CommBank still funding Fossil Fuels say Chihuahuas for Climate Action. "They must be barking mad!"

Chihuahuas Juliet and Indiana Jones survey a a protest outside a Commonwealth Bank branch in the Melbourne CBD.

 

Commonwealth Bank will announce their new oil and gas policy in August 2023, and now is the time to pile on the pressure to make sure they don't side with planet wrecking corporations.

Come and join Climate Action Merribek members for a peaceful protest between 11am- midday outside the Commonwealth Bank in Brunswick, Wednesday May 17

From 2016 to 2022 the Commonwealth Bank financed Fossil Fuel Companies to the tune of Aus$14 billion (USD$8,148.69 million)

After the Paris Agreement was signed, Between 2016-2022 Commbank Invested:

Tar Sands Oil USD$17 million

Arctic oil and gas ranked USD$2 million

Offshore oil and gas USD$1.530 billion

Liquefied Natural Gas USD$684 million

Coal Mining USD$374 million

In 2022 Commbank invested in the following fossil companies:

Santos USD$416.6 million

Glencore USD$46.4 million

ACS Actividades de Construccion y Servicios SA USD$18.9 million

IGO Ltd USD$12.4 million

All while closing bank branches, such as the current proposed closure of the Branch in Fawkner.

Done