Australia news live: big banks lend $43bn to fossil fuel companies; NSW to spend $130m on beds for homeless

November 11, 2025

Analysis says $30bn given to expand existing coal, oil and gas projects. Follow today’s news live

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Australia’s big four banks have provided $43bn to fossil fuel companies in the last decade, with ANZ and Westpac continuing to fund further gas expansion.

Expansions of coal, oil and gas projects accounted for $30bn of the funding, according to analysis by green advocacy group Market Forces released nearly 10 years on from the Paris agreement’s signing.

Source: www.theguardian.com

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Written by: truelightfm

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