Australia news live: Liberal senator says nation ‘can’t afford’ net zero target as party gathers to debate policy; banks tip $43bn into fossil fuels

Analysis says $30bn given to expand existing coal, oil and gas projects. Follow today’s news liveGet our breaking news email, free app or daily news podcastTim Wilson warns Liberals of becoming ‘Nationals-lite’Shadow minister Tim Wilson says his party would be “Nationals-lite” if they dumped or watered down their emissions reduction targets, ahead of the crucial party room meeting today.It will certainly be a very good process for us to have a genuine debate and come up with a position that’s in the best interests of the Australian people. …I think all of my colleagues are absolutely in favour of us doing our bit and to certainly have the minimal impact that we can on our natural environment. … I think the really important thing is everyone in the Coalition is committed to doing what’s right for our economy, for the environment and for the Australian people.I don’t think that we can