NAB Oil and Gas Financing Review: Response to Open Letter

Share

Share

In response to an open letter sent to NAB on 31st May 2021 by the Australian Conservation Foundation (ACF), Australasian Centre for Corporate Responsibility (ACCR), 350.org and other organisations:

  • As announced in November 2020, NAB committed to a review of its oil and gas financing by September 2021.
  • This review is underway. We anticipate releasing outcomes of the review later this year.
  • We are taking into account the International Energy Agency’s (IEA) Net Zero by 2050: A Roadmap for the Global Energy Sector in the context of this review.
  • NAB’s Executive Leadership team has met to consider the findings of this report.

Topics

SEE ALL TOPICS

Related Articles

  • Economy

Ross McEwan and Andrew Irvine join RN Breakfast

NAB’s Ross McEwan and Andrew Irvine joined ABC RN Breakfast this morning to discuss the CEO transition, housing, economic conditions and how NAB is supporting customers.

  • 01.03.2024
  • Time to read 13 min read
  • Business

NAB reports record jump in business finance for EVs as uptake accelerates

New data from Australia’s largest business bank shows businesses are driving the switch to electric vehicles with the value of the bank’s EV loan book growing by a record 224% year-on-year.

  • 29.02.2024
  • Time to read 3 min read

Quick links

National Australia Bank — NAB

Sometimes When The Unexpected Happens, We Realise What We Truly Value. Whether A Home, Farm, Business Or Your Passion, NAB Is Here To Support You.

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights.