The Guardian reporter Joshua Robertson filed a story on Friday, 30 September, “Commonwealth Bank: coal seam gas makes property 'unacceptable' as loan security.”
The basis of the story, that Commonwealth Bank does not lend to individuals or businesses involved in coal seam gas, is wrong.
Commonwealth Bank assesses every loan application on a case-by-case basis. Commonwealth Bank does not have a policy of excluding coal seam gas wells as acceptable security in our regional and agribusiness banking.