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A few weeks ago, HSBC took a big step forward in cutting its links with the destruction of Indonesia's forests by pledging to end funding for destructive palm oil companies. But HSBC is not the only bank lending money to palm oil companies pushing further and further into the forest, and the others now have a lot of catching up to do.

What a week! Writing this feels a bit like a deja-vu. Why? Because that’s exactly what we said last week when news broke that Australia’s Federal Court had overturned the approval of one of the world’s biggest coal mining projects. Only to be followed by Australia’s biggest bank calling it quits on the project on the same day.