Australia news live: big banks lend $43bn to fossil fuel companies; NSW to spend $130m on beds for homeless

Analysis says $30bn given to expand existing coal, oil and gas projects. Follow today’s news live

Good morning and welcome to our live news blog. I’m Martin Farrer with the best overnight stories and then Nick Visser will take up the slack.

Australia’s big four banks have provided $43bn to fossil fuel companies in the last decade, with ANZ and Westpac continuing to fund further gas expansion. A study by the green advocacy group Market Forces showed the expansion of coal, oil and gas projects accounted for $30bn of the funding. More details in a moment.

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