Fossil Fuels

Last month, Market Forces released a report that outlines which of Australia’s banks are actively backing fossil fuel projects.  In this report, they identified 23 fossil fuel customers of Australia’s big four banks whose business models are currently incompatible with the Paris Agreement’s climate goals. What does the Paris Agreement have to do with banking? In 2015, Australia, along […]

Two weeks ago, a report from the University of Exeter titled ‘The Global Tipping Points Report 2025‘ warned that Earth has reached its first tipping point, with warm-water coral reefs, such as the Great Barrier Reef, already experiencing mass die-off as global warming reaches 1.5°C above pre-industrial levels. It’s a sombre read, particularly in light […]

Last week, the Australian Labor Government announced its new 2035 emissions target, which was required to be reviewed under the Paris Agreement, to which Australia signed on in 2015 under then-Prime Minister Tony Abbot.  Despite strong campaigning, including Business for 75 and Sport for 75, the Labor Government settled on reducing emissions by 62% to 70% (from 2005 […]