Comments on: CommBank flips on fossil fuels as other banks fund Australia’s worst climate culprit

By: Drew

Drew — Thu, 15 Aug 2024 12:36:19 +0000

There’s another indirect and significant ‘nudge’, for companies operating across borders and on supply chains, the EU ‘Brussels Effect’ of regulatory compliance that flows into and influences business decisions outside the EU.

For example on fossil fuels, environment, tax avoidance, minimum labour and consumer standards; no wonder Europe and the EU are disppeared by local RW MSM except sport, terrorist incidents, migration caravans and travel?

No coincidence the Anglosphere RW MSM, politics and Atlas Koch think tanks dog whistle and endeavour to avoid the same; strategy shared with Putin’s Russia and his collaborators in the EU and elsewhere, to try and disrupt (see Brexit).

By: Mercurial

Mercurial — Thu, 15 Aug 2024 07:31:03 +0000

In reply to Cate Cooper.

“Good on them” – just about 40 years too late!

By: Drandy

Drandy — Thu, 15 Aug 2024 06:59:04 +0000

Hi BK
very surprised to see no comments to your article above on Dutton. Mine are held up for approval, but I cannot believe there are not scores of comments on your excellent summation of the fellow. Cheers

By: Michael B

Michael B — Thu, 15 Aug 2024 06:44:35 +0000

After being embarrassed by their latest squillion dollar profit,they’ve decided to set an example to those other chain dragging members of the banking cartel…until there’s a threat to their bottom line.Are there other sins in the pipeline? Read the fine print.

By: Andrew Bonnell

Andrew Bonnell — Thu, 15 Aug 2024 05:55:47 +0000

If CBA starts behaving ethically, I am going to get very confused… consumer activism must be working!

By: Cate Cooper

Cate Cooper — Thu, 15 Aug 2024 05:53:14 +0000

It’s thanks to organisations like Market Forces, and the everyday Australians who support them, that the CBA has decided to give in to the pressure and reduce their fossil fuel funding. Good on them! I hope everyone reading and commenting on Crikey has ensured their own financials are clean and green, including their Superfund, banks and other financial instruments.

By: Frank Dee

Frank Dee — Thu, 15 Aug 2024 03:09:43 +0000

Less than a decade ago, the ANZ was being hammered by New Scorp and the Coalition for deciding to decrease investments in fossil fuel, and the CBA was being reviled by environmental groups for not doing so. (Quite apart from their other long list of sins). Now, the ANZ returns to being a backer of Santos, and the CBA is adopting the moral position. What is going on? Are our major banks taking turns at being the good guy in order to confuse the greenies or keep worried investors? I expect NAB or Westpac to 'see the light' in the next couple of years while the CBA returns to ~~crime~~ business as usual.