National Australia Bank chairman Phil Chronican is releasing research into Australia’s investment outlook over the next three decades, likening it to a speeded-up Industrial Revolution.
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National Australia Bank chairman Phil Chronican says Australia has the capacity to finance the energy transition, and he expects the bank’s lending to gas projects to continue rising until about 2025 and then begin to run off.
Chronican agrees scepticism about banks’ commitments to “green lending” can be justified when the amounts are seen in the context of trillion-dollar loan books.
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Original URL: https://www.afr.com/companies/financial-services/nab-s-chronican-australia-can-finance-energy-transition-20220727-p5b51m
