Reuters: Two of Australia's major banks on Thursday announced initiatives to support the transition to a low-carbon economy, moves which could make it harder to finance the country's coal industry.
Top lender National Australia Bank will finance A$18 billion ($12.84 billion) through to 2022 to renewable energy projects including low-carbon property and transport, it said in a statement.
Commonwealth Bank of Australia, the second biggest lender, said it would consider environment risks in loan and credit...