Australian banks are involved in a global project to develop guidelines for financial institutions on assessing and reporting the carbon risks and opportunities associated with their loans and investments.
One of the world's most influential climate activist groups has co-launched a new research brief that accuses Australia's big four banks of financing the destruction of the Great Barrier Reef through loans to coal and gas projects.
Australian and international investor groups have demanded that oil and gas companies demonstrate that they are effectively controlling fugitive methane emissions, and they want intensive gas users to exert pressure as well.