"The Commonwealth Bank of Australia (CBA), the country's largest mortgage lender, is the first major Australian bank to start walking away from funding #FossilFuel companies without genuine emissions plans

"The Commonwealth Bank of Australia (CBA), the country's largest mortgage lender, is the first major Australian bank to start walking away from funding #FossilFuel companies without genuine emissions plans.

Court cases, policies, protests, and shareholder climate activism have been ratcheting up the pressure on banks for years."

https://www.abc.net.au/news/2024-08-17/cba-stops-lending-to-climate-culprits/104219812

That sound you hear is of the valves in the money pipeline being closed where the money flows to the fossil fuel industry.

The money pipeline is being reconfigured.
Water flows downhill, money seeks highest return.

Levelized cost of energy (LCOE) in 2025
Utility-scale solar: $25 - $35 per megawatt-hour;
Gas: $45 - $70 per MWh;
Coal: $70 - $120 per MWh.

"The cost gap continues to widen as fossil prices remain volatile. In contrast, the costs of solar and wind fall due to scale, efficiency, and innovation."

https://www.theenergymix.com/banks-to-fossil-fuels-drop-dead/

"You don’t have to trust your savings to a bank that is using your money to wreck the climate. There are a plenty of environmentally friendly options that offer the same services as the big fossil fuel financiers, including savings and checking accounts, ATMs, CDs, mobile banking, money markets, car loans and mortgages."

https://themoneytrail.substack.com/p/boycott-banks-fueling-the-climate

Includes a section on how to find greener banks.