It’s working: we can shift NAB off fossil fuels
Last week Ross McEwan, the CEO of NAB, fronted up to the Australian Parliament. When he was asked about the bank’s oil and gas policy review, he said they will be measuring their policy against the conclusions of the International Energy Agency’s (IEA) ‘Net Zero by 2050’ scenario.
If Ross really means it, this could be huge: the IEA report states that there must be no new fossil fuel investments after 2021.