News & Resources

Tiwi Islands offshore gas fight shows public banks are under real pressure over fossil fuel funding

May 21, 2022

Through an article published in The Conversation, CSSN Scholar Christian Downie addresses the change in attitudes toward leveraging support for public banks and export credit agencies, which have historically funded highly polluting sectors.

Read the article here.

“Case in point: after Traditional owners filed an injunction over a Santos gas development near the Tiwi islands, South Korea’s export credit agency announced it would reconsider its financial support.”

“If the world is to achieve the rapid energy transition necessary to avoid the worst effects of climate change, we will need a revolution in global finance.”

 

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