The report finds that the large Aussie-owned banks continue to invest in fossil fuel expansion, while NZ-owned Kiwibank, SBS and the Co-operative Bank remain fossil-free, following people-powered pressure campaigns. Our report shows that the Australian-owned banks are still enabling new coal, oil and gas expansion while communities are left dealing with climate-fuelled storms, floods and droughts.” What is worse, BNZ’s parent company, the NAB, increased their financing of fossil fuel expansion companies by over 70% in the last year alone.” (Photo/Supplied)“All four major Australian-owned banks are enabling fossil fuel finance at exactly the moment that the world needs to close coal mines and oil and gas fields. But clean finance will not save the climate if banks simultaneously bankroll fossil fuel expansion.